Value of 1980 South Korean Won today

₩100 in 1980

₩562.55 in 2019

The inflation rate in South Korea between 1980 and today has been 462.55%, which translates into a total increase of ₩462.55. This means that 100 won in 1980 are equivalent to 562.55 won in 2019. In other words, the purchasing power of ₩100 in 1980 equals ₩562.55 today. The average annual inflation rate has been 4.41%.

Inflation timeline in South Korea (1980-2019)

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 (1980-2019) 462.29%
Total Inflation* 462.55%
Annual inflation avg. (1980-2019) 4.53%
Annual inflation avg.* 4.41%
CPI 1980 18.56
CPI 2019 104.35
CPI today* 104.4
₩1 in 1980 ₩5.62 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 39 years between 1980 and 2019 and the average inflation rate has been 4.4129%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = ₩100 * (1 + 0.04)39 = ₩562.29

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 1980 was 18.56 and the CPI today is 104.4. Therefore,

Final value = Initial value *
CPI final/CPI initial
= ₩100 *
104.35/18.56
= ₩562.29

South Korea inflation - Conversion table

Initial Value Equivalent value
₩1 won in 1980 ₩5.63 won today
₩5 won in 1980 ₩28.13 won today
₩10 won in 1980 ₩56.26 won today
₩50 won in 1980 ₩281.28 won today
₩100 won in 1980 ₩562.55 won today
₩500 won in 1980 ₩2,812.77 won today
₩1,000 won in 1980 ₩5,625.54 won today
₩5,000 won in 1980 ₩28,127.71 won today
₩10,000 won in 1980 ₩56,255.42 won today
₩50,000 won in 1980 ₩281,277.09 won today
₩100,000 won in 1980 ₩562,554.17 won today
₩500,000 won in 1980 ₩2,812,770.86 won today
₩1,000,000 won in 1980 ₩5,625,541.72 won today

Value of Won in time (by year)

Period Value
1980 100
1981 132.2
1982 150.3
1983 157.57
1984 160.67
1985 164.6
1986 169.56
1987 171.91
1988 182.32
1989 195.42
1990 205.32
1991 224.49
1992 245.26
1993 256.19
1994 271.06
1995 286.15
1996 299.75
1997 314.51
1998 335.19
1999 348.48
2000 353.2
2001 363.02
2002 374.5
2003 388.49
2004 401.77
2005 413.96
2006 424.8
2007 433.68
2008 449.32
2009 467.92
2010 481.02
2011 495.61
2012 516.23
2013 523.59
2014 529.57
2015 533.99
2016 540.03
2017 547.25
2018 554.96
2019 562.29
Today 562.55