Value of 1976 South Korean Won today

₩100 in 1976
₩981.71 in 2022

The inflation rate in South Korea between 1976 and today has been 881.71%, which translates into a total increase of ₩881.71. This means that 100 won in 1976 are equivalent to 981.71 won in 2022. In other words, the purchasing power of ₩100 in 1976 equals ₩981.71 today. The average annual inflation rate between these periods has been 5.09%.

Inflation timeline in South Korea (1976 - 2022)

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 1976-2021 838.17%
Cumulative inflation 1976-today 881.71%
Avg. Annual inflation 1976-2021 5.1%
CPI 1976 11.52
CPI 2021 108.05
CPI 2022-04 (latest official data) 112.64
CPI today 113.07

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 1976 and 2021, use the corresponding CPI values:

Value2021
=Value1976 ×
CPI2021/CPI1976
=₩ 100 ×
108.05/11.52
₩938.17

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 113.07:

Valuetoday
=Value1976 ×
CPItoday/CPI1976
=₩ 100 ×
113.07/11.52
₩981.71

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 45 years between 1976 and 2021 and the average inflation rate was 5.1009%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=₩100 × (1 + 0.051009)45
₩938.17

South Korea inflation - Conversion table

Initial Value Equivalent value
₩1 won in 1976 ₩9.38 won in 2021
₩5 won in 1976 ₩46.91 won in 2021
₩10 won in 1976 ₩93.82 won in 2021
₩50 won in 1976 ₩469.09 won in 2021
₩100 won in 1976 ₩938.17 won in 2021
₩500 won in 1976 ₩4,690.86 won in 2021
₩1,000 won in 1976 ₩9,381.72 won in 2021
₩5,000 won in 1976 ₩46,908.62 won in 2021
₩10,000 won in 1976 ₩93,817.25 won in 2021
₩50,000 won in 1976 ₩469,086.24 won in 2021
₩100,000 won in 1976 ₩938,172.47 won in 2021
₩500,000 won in 1976 ₩4,690,862.36 won in 2021
₩1,000,000 won in 1976 ₩9,381,724.72 won in 2021
Cumulative inflation From 1976 881.71%
Avg. annual inflation From 1976 5.09%
CPI 1976 11.52
CPI today 113.07

Value of Won over time (by year)

Period Value
1976 100
1977 110.1
1978 126.02
1979 149.11
1980 191.9
1981 232.87
1982 249.62
1983 258.16
1984 264.03
1985 270.52
1986 277.96
1987 286.43
1988 306.9
1989 324.4
1990 352.21
1991 385.08
1992 409.01
1993 428.64
1994 455.5
1995 475.91
1996 499.35
1997 521.51
1998 560.7
1999 565.25
2000 578.02
2001 601.53
2002 618.15
2003 639.87
2004 662.85
2005 681.1
2006 696.37
2007 714.02
2008 747.4
2009 768
2010 790.57
2011 822.4
2012 840.39
2013 851.32
2014 862.18
2015 868.27
2016 876.7
2017 893.75
2018 906.94
2019 910.41
2020 915.3
2021 938.17
2022-04 978
Today 981.71

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 |

Other currencies: