Value of 1976 South Korean Won today

₩100 in 1976

₩965.37 in 2019

The inflation rate in South Korea between 1976 and today has been 865.37%, which translates into a total increase of ₩865.37. This means that 100 won in 1976 are equivalent to 965.37 won in 2019. In other words, the purchasing power of ₩100 in 1976 equals ₩965.37 today. The average annual inflation rate has been 5.29%.

Inflation timeline in South Korea (1976-2019)

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 (1976-2019) 864.67%
Total Inflation* 865.37%
Annual inflation avg. (1976-2019) 5.41%
Annual inflation avg.* 5.29%
CPI 1976 10.82
CPI 2019 104.35
CPI today* 104.43
₩1 in 1976 ₩9.65 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 43 years between 1976 and 2019 and the average inflation rate has been 5.2881%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = ₩100 * (1 + 0.05)43 = ₩964.67

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 1976 was 10.82 and the CPI today is 104.43. Therefore,

Final value = Initial value *
CPI final/CPI initial
= ₩100 *
104.35/10.82
= ₩964.67

South Korea inflation - Conversion table

Initial Value Equivalent value
₩1 won in 1976 ₩9.65 won today
₩5 won in 1976 ₩48.27 won today
₩10 won in 1976 ₩96.54 won today
₩50 won in 1976 ₩482.69 won today
₩100 won in 1976 ₩965.37 won today
₩500 won in 1976 ₩4,826.87 won today
₩1,000 won in 1976 ₩9,653.73 won today
₩5,000 won in 1976 ₩48,268.66 won today
₩10,000 won in 1976 ₩96,537.33 won today
₩50,000 won in 1976 ₩482,686.65 won today
₩100,000 won in 1976 ₩965,373.3 won today
₩500,000 won in 1976 ₩4,826,866.48 won today
₩1,000,000 won in 1976 ₩9,653,732.96 won today

Value of Won in time (by year)

Period Value
1976 100
1977 109.6
1978 121.61
1979 141.55
1980 171.56
1981 226.81
1982 257.86
1983 270.33
1984 275.64
1985 282.39
1986 290.9
1987 294.94
1988 312.79
1989 335.26
1990 352.25
1991 385.15
1992 420.77
1993 439.53
1994 465.03
1995 490.92
1996 514.25
1997 539.58
1998 575.06
1999 597.86
2000 605.96
2001 622.8
2002 642.5
2003 666.49
2004 689.28
2005 710.2
2006 728.8
2007 744.03
2008 770.86
2009 802.77
2010 825.25
2011 850.28
2012 885.64
2013 898.27
2014 908.54
2015 916.11
2016 926.49
2017 938.87
2018 952.09
2019 964.67
Today 965.37