Value of 1979 South Korean Won today

₩100 in 1979

₩681.94 in 2019

The inflation rate in South Korea between 1979 and today has been 581.94%, which translates into a total increase of ₩581.94. This means that 100 won in 1979 are equivalent to 681.94 won in 2019. In other words, the purchasing power of ₩100 in 1979 equals ₩681.94 today. The average annual inflation rate has been 4.79%.

Inflation timeline in South Korea (1979-2019)

The following chart ilustrates the equivalence of ₩100 throughout the years due to inflation and CPI changes. All values are equivalent in terms of purchashing 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 (1979-2019) 581.52%
Total Inflation* 581.94%
Annual inflation avg. (1979-2019) 4.91%
Annual inflation avg.* 4.79%
CPI 1979 15.31
CPI 2019 104.35
CPI today* 104.42
₩1 in 1979 ₩6.82 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 40 years between 1979 and 2019 and the average inflation rate has been 4.7937%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = ₩100 * (1 + 0.05)40 = ₩681.52

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 1979 was 15.31 and the CPI today is 104.42. Therefore,

Final value = Initial value *
CPI final/CPI initial
= ₩100 *
104.35/15.31
= ₩681.52

South Korea inflation - Conversion table

Initial Value Equivalent value
₩1 won in 1979 ₩6.82 won today
₩5 won in 1979 ₩34.1 won today
₩10 won in 1979 ₩68.19 won today
₩50 won in 1979 ₩340.97 won today
₩100 won in 1979 ₩681.94 won today
₩500 won in 1979 ₩3,409.7 won today
₩1,000 won in 1979 ₩6,819.4 won today
₩5,000 won in 1979 ₩34,097.01 won today
₩10,000 won in 1979 ₩68,194.02 won today
₩50,000 won in 1979 ₩340,970.1 won today
₩100,000 won in 1979 ₩681,940.21 won today
₩500,000 won in 1979 ₩3,409,701.04 won today
₩1,000,000 won in 1979 ₩6,819,402.07 won today

Value of Won in time (by year)

Period Value
1979 100
1980 121.2
1981 160.23
1982 182.17
1983 190.98
1984 194.73
1985 199.5
1986 205.51
1987 208.37
1988 220.98
1989 236.85
1990 248.86
1991 272.1
1992 297.27
1993 310.52
1994 328.53
1995 346.82
1996 363.31
1997 381.2
1998 406.26
1999 422.38
2000 428.1
2001 440
2002 453.91
2003 470.86
2004 486.96
2005 501.74
2006 514.88
2007 525.64
2008 544.6
2009 567.14
2010 583.02
2011 600.71
2012 625.69
2013 634.61
2014 641.87
2015 647.21
2016 654.54
2017 663.29
2018 672.63
2019 681.52
Today 681.94