Value of 1972 South Korean Won today

₩100 in 1972

₩1,828.12 in 2019

The inflation rate in South Korea between 1972 and today has been 1,728.12%, which translates into a total increase of ₩1,728.12. This means that 100 won in 1972 are equivalent to 1,828.12 won in 2019. In other words, the purchasing power of ₩100 in 1972 equals ₩1,828.12 today. The average annual inflation rate has been 6.24%.

Inflation timeline in South Korea (1972-2019)

The following chart depicts the equivalence of ₩100 throughout the years due to 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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1972-2019) 1,727.12%
Total Inflation* 1,728.12%
Annual inflation avg. (1972-2019) 6.38%
Annual inflation avg.* 6.24%
CPI 1972 5.71
CPI 2019 104.35
CPI today* 104.41
₩1 in 1972 ₩18.27 in 2019

* Values extrapolated from the last official data to obtain today's values.

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 compound interest formula or the Consumer Price Index (CPI) formula.

Using the compound interest formula

Given that money changes in time as a result of an inflation rate that acts as a compound interest, the following formula can be used: 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 47 years between 1972 and 2019 and the average inflation rate has been 6.2409%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = ₩100 * (1 + 0.06)47 = ₩1,827.12

Using the CPI formula

When the CPI for both start and end years is known, the following formula can be used:

Final value = Initial value *
CPI final/CPI initial

In this case, the CPI in 1972 was 5.71 and the CPI today is 104.41. Therefore,

Final value = Initial value *
CPI final/CPI initial
= ₩100 *
104.35/5.71
= ₩1,827.12

South Korea inflation - Conversion table

Initial Value Equivalent value
₩1 won in 1972 ₩18.28 won today
₩5 won in 1972 ₩91.41 won today
₩10 won in 1972 ₩182.81 won today
₩50 won in 1972 ₩914.06 won today
₩100 won in 1972 ₩1,828.12 won today
₩500 won in 1972 ₩9,140.62 won today
₩1,000 won in 1972 ₩18,281.24 won today
₩5,000 won in 1972 ₩91,406.2 won today
₩10,000 won in 1972 ₩182,812.4 won today
₩50,000 won in 1972 ₩914,061.99 won today
₩100,000 won in 1972 ₩1,828,123.99 won today
₩500,000 won in 1972 ₩9,140,619.94 won today
₩1,000,000 won in 1972 ₩18,281,239.87 won today

Value of Won in time (by year)

Period Value
1972 100
1973 109.19
1974 118.45
1975 149.78
1976 189.4
1977 207.59
1978 230.33
1979 268.1
1980 324.94
1981 429.58
1982 488.4
1983 512.02
1984 522.08
1985 534.85
1986 550.97
1987 558.62
1988 592.44
1989 634.99
1990 667.18
1991 729.48
1992 796.96
1993 832.49
1994 880.78
1995 929.83
1996 974.02
1997 1,022
1998 1,089.18
1999 1,132.38
2000 1,147.71
2001 1,179.62
2002 1,216.93
2003 1,262.37
2004 1,305.53
2005 1,345.15
2006 1,380.38
2007 1,409.22
2008 1,460.05
2009 1,520.47
2010 1,563.06
2011 1,610.47
2012 1,677.45
2013 1,701.37
2014 1,720.82
2015 1,735.16
2016 1,754.8
2017 1,778.27
2018 1,803.31
2019 1,827.12
Today 1,828.12