Value of 1986 South Korean Won today

₩100 in 1986
₩376.02 in 2024

The inflation rate in South Korea between 1986 and today has been 276.02%, which translates into a total increase of ₩276.02. This means that 100 won in 1986 are equivalent to 376.02 won in 2024. In other words, the purchasing power of ₩100 in 1986 equals ₩376.02 today. The average annual inflation rate between these periods has been 3.55%.

Inflation timeline in South Korea (1986 - 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 1986-2023 267.45%
Cumulative inflation 1986-today 276.02%
Avg. Annual inflation 1986-2023 3.58%
CPI 1986 32.01
CPI 2023 117.63
CPI 2024-05 (latest official data) 120.27
CPI today 120.38

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 1986 and 2023, use the corresponding CPI values:

Value2023
=Value1986 ×
CPI2023/CPI1986
=₩ 100 ×
117.63/32.01
₩367.45

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 120.38:

Valuetoday
=Value1986 ×
CPItoday/CPI1986
=₩ 100 ×
120.38/32.01
₩376.02

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 37 years between 1986 and 2023 and the average inflation rate was 3.5799%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=₩100 × (1 + 0.035799)37
₩367.45

South Korea inflation - Conversion table

Initial Value Equivalent value
₩1 won in 1986 ₩3.67 won in 2023
₩5 won in 1986 ₩18.37 won in 2023
₩10 won in 1986 ₩36.74 won in 2023
₩50 won in 1986 ₩183.72 won in 2023
₩100 won in 1986 ₩367.45 won in 2023
₩500 won in 1986 ₩1,837.23 won in 2023
₩1,000 won in 1986 ₩3,674.46 won in 2023
₩5,000 won in 1986 ₩18,372.29 won in 2023
₩10,000 won in 1986 ₩36,744.57 won in 2023
₩50,000 won in 1986 ₩183,722.85 won in 2023
₩100,000 won in 1986 ₩367,445.71 won in 2023
₩500,000 won in 1986 ₩1,837,228.53 won in 2023
₩1,000,000 won in 1986 ₩3,674,457.06 won in 2023
Cumulative inflation From 1986 276.02%
Avg. annual inflation From 1986 3.55%
CPI 1986 32.01
CPI today 120.38

Value of Won over time (by year)

Period Value
1986 100
1987 103.05
1988 110.41
1989 116.71
1990 126.71
1991 138.54
1992 147.15
1993 154.21
1994 163.87
1995 171.22
1996 179.65
1997 187.62
1998 201.72
1999 203.36
2000 207.95
2001 216.41
2002 222.39
2003 230.21
2004 238.47
2005 245.04
2006 250.53
2007 256.88
2008 268.89
2009 276.3
2010 284.42
2011 295.87
2012 302.34
2013 306.28
2014 310.18
2015 312.37
2016 315.41
2017 321.54
2018 326.29
2019 327.54
2020 329.3
2021 337.52
2022 354.7
2023 367.45
2024-05 375.69
Today 376.02

All available years

Today's value of south korean won by year:

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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