Value of 1965 South Korean Won today

₩100 in 1965
₩4,371.07 in 2024

The inflation rate in South Korea between 1965 and today has been 4,271.07%, which translates into a total increase of ₩4,271.07. This means that 100 won in 1965 are equivalent to 4,371.07 won in 2024. In other words, the purchasing power of ₩100 in 1965 equals ₩4,371.07 today. The average annual inflation rate between these periods has been 6.61%.

Inflation timeline in South Korea (1965 - 2024)

The following chart depicts the equivalence of ₩100 due to compound inflation and CPI changes. All values are equivalent in terms of purchasing power, which means that for each year the same goods or services could be bought with the indicated amount of money.

All calculations are performed in the local currency (KRW) and using 6 decimal digits. Results show only up to 2 decimal digits to favour readability. Inflation data is provided by governments and international institutions on a monthly basis. Today's values were extrapolated from the latest 12-month rolling average official data.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation 1965-2023 4,173.84%
Cumulative inflation 1965-today 4,271.07%
Avg. Annual inflation 1965-2023 6.69%
CPI 1965 2.75
CPI 2023 117.63
CPI 2024-03 (latest official data) 120.11
CPI today 120.31

How to calculate today's value of money after inflation?

There are several ways to calculate the time value of money. Depending on the data available, results can be obtained by using the Consumer Price Index (CPI) formula or the compound interest formula.

Using the CPI formula

When we have both the start and end years, we can use the following formula:

Valuet =Value0 ×
CPIt/CPI0

To obtain the values equivalent in buying power between 1965 and 2023, use the corresponding CPI values:

Value2023
=Value1965 ×
CPI2023/CPI1965
=₩ 100 ×
117.63/2.75
₩4,273.84

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 120.31:

Valuetoday
=Value1965 ×
CPItoday/CPI1965
=₩ 100 ×
120.31/2.75
₩4,371.07

Alternative: Using the compound interest formula

Given that money changes with time as a result of an inflation rate that acts as compound interest, we can use the following formula: FV = PV × (1 + i)n, where:

  • FV: Future Value
  • PV: Present Value
  • i: Interest rate (inflation)
  • n: Number of times the interest is compounded (i.e. # of years)

In this case, the future value represents the final amount obtained after applying the inflation rate to our initial value. In other words, it indicates how much are ₩100 worth today. There are 58 years between 1965 and 2023 and the average inflation rate was 6.6885%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=₩100 × (1 + 0.066885)58
₩4,273.84

South Korea inflation - Conversion table

Initial Value Equivalent value
₩1 won in 1965 ₩42.74 won in 2023
₩5 won in 1965 ₩213.69 won in 2023
₩10 won in 1965 ₩427.38 won in 2023
₩50 won in 1965 ₩2,136.92 won in 2023
₩100 won in 1965 ₩4,273.84 won in 2023
₩500 won in 1965 ₩21,369.21 won in 2023
₩1,000 won in 1965 ₩42,738.42 won in 2023
₩5,000 won in 1965 ₩213,692.09 won in 2023
₩10,000 won in 1965 ₩427,384.17 won in 2023
₩50,000 won in 1965 ₩2,136,920.87 won in 2023
₩100,000 won in 1965 ₩4,273,841.73 won in 2023
₩500,000 won in 1965 ₩21,369,208.67 won in 2023
₩1,000,000 won in 1965 ₩42,738,417.35 won in 2023
Cumulative inflation From 1965 4,271.07%
Avg. annual inflation From 1965 6.61%
CPI 1965 2.75
CPI today 120.31

Value of Won over time (by year)

Period Value
1965 100
1966 111.26
1967 123.37
1968 136.66
1969 153.59
1970 178.09
1971 202.15
1972 225.78
1973 233.05
1974 289.69
1975 362.84
1976 418.45
1977 460.7
1978 527.32
1979 623.95
1980 803
1981 974.46
1982 1,044.53
1983 1,080.26
1984 1,104.82
1985 1,131.99
1986 1,163.12
1987 1,198.59
1988 1,284.25
1989 1,357.45
1990 1,473.83
1991 1,611.38
1992 1,711.5
1993 1,793.67
1994 1,906.05
1995 1,991.46
1996 2,089.53
1997 2,182.28
1998 2,346.25
1999 2,365.32
2000 2,418.76
2001 2,517.12
2002 2,586.65
2003 2,677.57
2004 2,773.71
2005 2,850.09
2006 2,914
2007 2,987.86
2008 3,127.51
2009 3,213.72
2010 3,308.18
2011 3,441.37
2012 3,516.63
2013 3,562.39
2014 3,607.81
2015 3,633.29
2016 3,668.59
2017 3,739.92
2018 3,795.12
2019 3,809.65
2020 3,830.12
2021 3,925.81
2022 4,125.62
2023 4,273.84
2024-03 4,364.04
Today 4,371.07

All available years

Today's value of south korean won by year:

1953 | 1954 | 1955 | 1956 | 1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |

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