Value of 1981 South Korean Won today

₩100 in 1981
₩421.57 in 2022

The inflation rate in South Korea between 1981 and today has been 321.57%, which translates into a total increase of ₩321.57. This means that 100 won in 1981 are equivalent to 421.57 won in 2022. In other words, the purchasing power of ₩100 in 1981 equals ₩421.57 today. The average annual inflation rate between these periods has been 3.57%.

Inflation timeline in South Korea (1981 - 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 1981-2021 302.87%
Cumulative inflation 1981-today 321.57%
Avg. Annual inflation 1981-2021 3.55%
CPI 1981 26.82
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 1981 and 2021, use the corresponding CPI values:

Value2021
=Value1981 ×
CPI2021/CPI1981
=₩ 100 ×
108.05/26.82
₩402.87

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

Valuetoday
=Value1981 ×
CPItoday/CPI1981
=₩ 100 ×
113.07/26.82
₩421.57

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 40 years between 1981 and 2021 and the average inflation rate was 3.545%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=₩100 × (1 + 0.03545)40
₩402.87

South Korea inflation - Conversion table

Initial Value Equivalent value
₩1 won in 1981 ₩4.03 won in 2021
₩5 won in 1981 ₩20.14 won in 2021
₩10 won in 1981 ₩40.29 won in 2021
₩50 won in 1981 ₩201.44 won in 2021
₩100 won in 1981 ₩402.87 won in 2021
₩500 won in 1981 ₩2,014.36 won in 2021
₩1,000 won in 1981 ₩4,028.71 won in 2021
₩5,000 won in 1981 ₩20,143.57 won in 2021
₩10,000 won in 1981 ₩40,287.14 won in 2021
₩50,000 won in 1981 ₩201,435.71 won in 2021
₩100,000 won in 1981 ₩402,871.41 won in 2021
₩500,000 won in 1981 ₩2,014,357.05 won in 2021
₩1,000,000 won in 1981 ₩4,028,714.1 won in 2021
Cumulative inflation From 1981 321.57%
Avg. annual inflation From 1981 3.57%
CPI 1981 26.82
CPI today 113.07

Value of Won over time (by year)

Period Value
1981 100
1982 107.19
1983 110.86
1984 113.38
1985 116.17
1986 119.36
1987 123
1988 131.79
1989 139.3
1990 151.25
1991 165.36
1992 175.64
1993 184.07
1994 195.6
1995 204.37
1996 214.43
1997 223.95
1998 240.77
1999 242.73
2000 248.22
2001 258.31
2002 265.45
2003 274.78
2004 284.64
2005 292.48
2006 299.04
2007 306.62
2008 320.95
2009 329.8
2010 339.49
2011 353.16
2012 360.88
2013 365.58
2014 370.24
2015 372.85
2016 376.48
2017 383.8
2018 389.46
2019 390.95
2020 393.05
2021 402.87
2022-04 419.98
Today 421.57

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 |

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