Value of 1982 South Korean Won today

₩100 in 1982

₩374.33 in 2019

The inflation rate in South Korea between 1982 and today has been 274.33%, which translates into a total increase of ₩274.33. This means that 100 won in 1982 are equivalent to 374.33 won in 2019. In other words, the purchasing power of ₩100 in 1982 equals ₩374.33 today. The average annual inflation rate has been 3.53%.

Inflation timeline in South Korea (1982-2019)

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 (1982-2019) 274.1%
Total Inflation* 274.33%
Annual inflation avg. (1982-2019) 3.63%
Annual inflation avg.* 3.53%
CPI 1982 27.89
CPI 2019 104.35
CPI today* 104.42
₩1 in 1982 ₩3.74 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 37 years between 1982 and 2019 and the average inflation rate has been 3.5347%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = ₩100 * (1 + 0.04)37 = ₩374.1

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 1982 was 27.89 and the CPI today is 104.42. Therefore,

Final value = Initial value *
CPI final/CPI initial
= ₩100 *
104.35/27.89
= ₩374.1

South Korea inflation - Conversion table

Initial Value Equivalent value
₩1 won in 1982 ₩3.74 won today
₩5 won in 1982 ₩18.72 won today
₩10 won in 1982 ₩37.43 won today
₩50 won in 1982 ₩187.17 won today
₩100 won in 1982 ₩374.33 won today
₩500 won in 1982 ₩1,871.67 won today
₩1,000 won in 1982 ₩3,743.35 won today
₩5,000 won in 1982 ₩18,716.73 won today
₩10,000 won in 1982 ₩37,433.46 won today
₩50,000 won in 1982 ₩187,167.32 won today
₩100,000 won in 1982 ₩374,334.64 won today
₩500,000 won in 1982 ₩1,871,673.2 won today
₩1,000,000 won in 1982 ₩3,743,346.4 won today

Value of Won in time (by year)

Period Value
1982 100
1983 104.84
1984 106.89
1985 109.51
1986 112.81
1987 114.38
1988 121.3
1989 130.01
1990 136.6
1991 149.36
1992 163.18
1993 170.45
1994 180.34
1995 190.38
1996 199.43
1997 209.25
1998 223.01
1999 231.85
2000 234.99
2001 241.53
2002 249.17
2003 258.47
2004 267.31
2005 275.42
2006 282.63
2007 288.54
2008 298.94
2009 311.32
2010 320.04
2011 329.74
2012 343.46
2013 348.35
2014 352.34
2015 355.27
2016 359.3
2017 364.1
2018 369.23
2019 374.1
Today 374.33