Value of 1985 South Korean Won today

₩100 in 1985

₩341.77 in 2019

The inflation rate in South Korea between 1985 and today has been 241.77%, which translates into a total increase of ₩241.77. This means that 100 won in 1985 are equivalent to 341.77 won in 2019. In other words, the purchasing power of ₩100 in 1985 equals ₩341.77 today. The average annual inflation rate has been 3.57%.

Inflation timeline in South Korea (1985-2019)

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 (1985-2019) 241.61%
Total Inflation* 241.77%
Annual inflation avg. (1985-2019) 3.68%
Annual inflation avg.* 3.57%
CPI 1985 30.55
CPI 2019 104.35
CPI today* 104.4
₩1 in 1985 ₩3.42 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 34 years between 1985 and 2019 and the average inflation rate has been 3.5738%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = ₩100 * (1 + 0.04)34 = ₩341.61

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 1985 was 30.55 and the CPI today is 104.4. Therefore,

Final value = Initial value *
CPI final/CPI initial
= ₩100 *
104.35/30.55
= ₩341.61

South Korea inflation - Conversion table

Initial Value Equivalent value
₩1 won in 1985 ₩3.42 won today
₩5 won in 1985 ₩17.09 won today
₩10 won in 1985 ₩34.18 won today
₩50 won in 1985 ₩170.89 won today
₩100 won in 1985 ₩341.77 won today
₩500 won in 1985 ₩1,708.87 won today
₩1,000 won in 1985 ₩3,417.75 won today
₩5,000 won in 1985 ₩17,088.73 won today
₩10,000 won in 1985 ₩34,177.46 won today
₩50,000 won in 1985 ₩170,887.29 won today
₩100,000 won in 1985 ₩341,774.57 won today
₩500,000 won in 1985 ₩1,708,872.86 won today
₩1,000,000 won in 1985 ₩3,417,745.72 won today

Value of Won in time (by year)

Period Value
1985 100
1986 103.01
1987 104.44
1988 110.77
1989 118.72
1990 124.74
1991 136.39
1992 149.01
1993 155.65
1994 164.68
1995 173.85
1996 182.11
1997 191.08
1998 203.64
1999 211.72
2000 214.59
2001 220.55
2002 227.53
2003 236.02
2004 244.09
2005 251.5
2006 258.09
2007 263.48
2008 272.98
2009 284.28
2010 292.24
2011 301.11
2012 313.63
2013 318.1
2014 321.74
2015 324.42
2016 328.09
2017 332.48
2018 337.16
2019 341.61
Today 341.77