Value of 1985 South Korean Won today

₩100 in 1985
₩386.14 in 2024

The inflation rate in South Korea between 1985 and today has been 286.14%, which translates into a total increase of ₩286.14. This means that 100 won in 1985 are equivalent to 386.14 won in 2024. In other words, the purchasing power of ₩100 in 1985 equals ₩386.14 today. The average annual inflation rate between these periods has been 3.52%.

Inflation timeline in South Korea (1985 - 2024)

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 1985-2023 277.55%
Cumulative inflation 1985-today 286.14%
Avg. Annual inflation 1985-2023 3.56%
CPI 1985 31.16
CPI 2023 117.63
CPI 2024-03 (latest official data) 120.11
CPI today 120.31

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 1985 and 2023, use the corresponding CPI values:

Value2023
=Value1985 ×
CPI2023/CPI1985
=₩ 100 ×
117.63/31.16
₩377.55

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 120.31:

Valuetoday
=Value1985 ×
CPItoday/CPI1985
=₩ 100 ×
120.31/31.16
₩386.14

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 38 years between 1985 and 2023 and the average inflation rate was 3.558%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=₩100 × (1 + 0.03558)38
₩377.55

South Korea inflation - Conversion table

Initial Value Equivalent value
₩1 won in 1985 ₩3.78 won in 2023
₩5 won in 1985 ₩18.88 won in 2023
₩10 won in 1985 ₩37.76 won in 2023
₩50 won in 1985 ₩188.78 won in 2023
₩100 won in 1985 ₩377.55 won in 2023
₩500 won in 1985 ₩1,887.75 won in 2023
₩1,000 won in 1985 ₩3,775.5 won in 2023
₩5,000 won in 1985 ₩18,877.52 won in 2023
₩10,000 won in 1985 ₩37,755.04 won in 2023
₩50,000 won in 1985 ₩188,775.21 won in 2023
₩100,000 won in 1985 ₩377,550.42 won in 2023
₩500,000 won in 1985 ₩1,887,752.11 won in 2023
₩1,000,000 won in 1985 ₩3,775,504.21 won in 2023
Cumulative inflation From 1985 286.14%
Avg. annual inflation From 1985 3.52%
CPI 1985 31.16
CPI today 120.31

Value of Won over time (by year)

Period Value
1985 100
1986 102.75
1987 105.88
1988 113.45
1989 119.92
1990 130.2
1991 142.35
1992 151.19
1993 158.45
1994 168.38
1995 175.93
1996 184.59
1997 192.78
1998 207.27
1999 208.95
2000 213.67
2001 222.36
2002 228.5
2003 236.54
2004 245.03
2005 251.78
2006 257.42
2007 263.95
2008 276.28
2009 283.9
2010 292.24
2011 304.01
2012 310.66
2013 314.7
2014 318.71
2015 320.96
2016 324.08
2017 330.38
2018 335.26
2019 336.54
2020 338.35
2021 346.81
2022 364.46
2023 377.55
2024-03 385.52
Today 386.14

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 | 2022 | 2023 |

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