Value of 1980 South Korean Won today

₩100 in 1980
₩511.45 in 2022

The inflation rate in South Korea between 1980 and today has been 411.45%, which translates into a total increase of ₩411.45. This means that 100 won in 1980 are equivalent to 511.45 won in 2022. In other words, the purchasing power of ₩100 in 1980 equals ₩511.45 today. The average annual inflation rate between these periods has been 3.96%.

Inflation timeline in South Korea (1980 - 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 1980-2021 388.89%
Cumulative inflation 1980-today 411.45%
Avg. Annual inflation 1980-2021 3.95%
CPI 1980 22.1
CPI 2021 108.05
CPI 2022-04 (latest official data) 112.64
CPI today 113.04

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 1980 and 2021, use the corresponding CPI values:

Value2021
=Value1980 ×
CPI2021/CPI1980
=₩ 100 ×
108.05/22.1
₩488.89

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 113.04:

Valuetoday
=Value1980 ×
CPItoday/CPI1980
=₩ 100 ×
113.04/22.1
₩511.45

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 41 years between 1980 and 2021 and the average inflation rate was 3.9465%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=₩100 × (1 + 0.039465)41
₩488.89

South Korea inflation - Conversion table

Initial Value Equivalent value
₩1 won in 1980 ₩4.89 won in 2021
₩5 won in 1980 ₩24.44 won in 2021
₩10 won in 1980 ₩48.89 won in 2021
₩50 won in 1980 ₩244.45 won in 2021
₩100 won in 1980 ₩488.89 won in 2021
₩500 won in 1980 ₩2,444.46 won in 2021
₩1,000 won in 1980 ₩4,888.91 won in 2021
₩5,000 won in 1980 ₩24,444.56 won in 2021
₩10,000 won in 1980 ₩48,889.11 won in 2021
₩50,000 won in 1980 ₩244,445.57 won in 2021
₩100,000 won in 1980 ₩488,891.14 won in 2021
₩500,000 won in 1980 ₩2,444,455.71 won in 2021
₩1,000,000 won in 1980 ₩4,888,911.41 won in 2021
Cumulative inflation From 1980 411.45%
Avg. annual inflation From 1980 3.96%
CPI 1980 22.1
CPI today 113.04

Value of Won over time (by year)

Period Value
1980 100
1981 121.35
1982 130.08
1983 134.53
1984 137.59
1985 140.97
1986 144.85
1987 149.26
1988 159.93
1989 169.05
1990 183.54
1991 200.67
1992 213.14
1993 223.37
1994 237.37
1995 248
1996 260.21
1997 271.77
1998 292.18
1999 294.56
2000 301.21
2001 313.46
2002 322.12
2003 333.44
2004 345.42
2005 354.93
2006 362.89
2007 372.09
2008 389.48
2009 400.21
2010 411.98
2011 428.56
2012 437.93
2013 443.63
2014 449.29
2015 452.46
2016 456.86
2017 465.74
2018 472.62
2019 474.43
2020 476.97
2021 488.89
2022-04 509.65
Today 511.45

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: