Value of 1986 South Korean Won today

₩100 in 1986

₩331.92 in 2019

The inflation rate in South Korea between 1986 and today has been 231.92%, which translates into a total increase of ₩231.92. This means that 100 won in 1986 are equivalent to 331.92 won in 2019. In other words, the purchasing power of ₩100 in 1986 equals ₩331.92 today. The average annual inflation rate has been 3.59%.

Inflation timeline in South Korea (1986-2019)

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 (1986-2019) 231.62%
Total Inflation* 231.92%
Annual inflation avg. (1986-2019) 3.7%
Annual inflation avg.* 3.59%
CPI 1986 31.47
CPI 2019 104.35
CPI today* 104.45
₩1 in 1986 ₩3.32 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 33 years between 1986 and 2019 and the average inflation rate has been 3.5916%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = ₩100 * (1 + 0.04)33 = ₩331.62

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 1986 was 31.47 and the CPI today is 104.45. Therefore,

Final value = Initial value *
CPI final/CPI initial
= ₩100 *
104.35/31.47
= ₩331.62

South Korea inflation - Conversion table

Initial Value Equivalent value
₩1 won in 1986 ₩3.32 won today
₩5 won in 1986 ₩16.6 won today
₩10 won in 1986 ₩33.19 won today
₩50 won in 1986 ₩165.96 won today
₩100 won in 1986 ₩331.92 won today
₩500 won in 1986 ₩1,659.6 won today
₩1,000 won in 1986 ₩3,319.21 won today
₩5,000 won in 1986 ₩16,596.03 won today
₩10,000 won in 1986 ₩33,192.06 won today
₩50,000 won in 1986 ₩165,960.31 won today
₩100,000 won in 1986 ₩331,920.61 won today
₩500,000 won in 1986 ₩1,659,603.06 won today
₩1,000,000 won in 1986 ₩3,319,206.13 won today

Value of Won in time (by year)

Period Value
1986 100
1987 101.39
1988 107.53
1989 115.25
1990 121.09
1991 132.4
1992 144.65
1993 151.09
1994 159.86
1995 168.76
1996 176.78
1997 185.49
1998 197.68
1999 205.52
2000 208.31
2001 214.1
2002 220.87
2003 229.12
2004 236.95
2005 244.14
2006 250.53
2007 255.77
2008 264.99
2009 275.96
2010 283.69
2011 292.3
2012 304.45
2013 308.79
2014 312.32
2015 314.93
2016 318.49
2017 322.75
2018 327.29
2019 331.62
Today 331.92