Value of 1987 South Korean Won today

₩100 in 1987
₩342.74 in 2022

The inflation rate in South Korea between 1987 and today has been 242.74%, which translates into a total increase of ₩242.74. This means that 100 won in 1987 are equivalent to 342.74 won in 2022. In other words, the purchasing power of ₩100 in 1987 equals ₩342.74 today. The average annual inflation rate between these periods has been 3.58%.

Inflation timeline in South Korea (1987 - 2022)

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 1987-2021 227.54%
Cumulative inflation 1987-today 242.74%
Avg. Annual inflation 1987-2021 3.55%
CPI 1987 32.99
CPI 2021 108.05
CPI 2022-04 (latest official data) 112.64
CPI today 113.07

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 1987 and 2021, use the corresponding CPI values:

Value2021
=Value1987 ×
CPI2021/CPI1987
=₩ 100 ×
108.05/32.99
₩327.54

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 113.07:

Valuetoday
=Value1987 ×
CPItoday/CPI1987
=₩ 100 ×
113.07/32.99
₩342.74

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 34 years between 1987 and 2021 and the average inflation rate was 3.5511%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=₩100 × (1 + 0.035511)34
₩327.54

South Korea inflation - Conversion table

Initial Value Equivalent value
₩1 won in 1987 ₩3.28 won in 2021
₩5 won in 1987 ₩16.38 won in 2021
₩10 won in 1987 ₩32.75 won in 2021
₩50 won in 1987 ₩163.77 won in 2021
₩100 won in 1987 ₩327.54 won in 2021
₩500 won in 1987 ₩1,637.68 won in 2021
₩1,000 won in 1987 ₩3,275.35 won in 2021
₩5,000 won in 1987 ₩16,376.75 won in 2021
₩10,000 won in 1987 ₩32,753.51 won in 2021
₩50,000 won in 1987 ₩163,767.54 won in 2021
₩100,000 won in 1987 ₩327,535.07 won in 2021
₩500,000 won in 1987 ₩1,637,675.36 won in 2021
₩1,000,000 won in 1987 ₩3,275,350.72 won in 2021
Cumulative inflation From 1987 242.74%
Avg. annual inflation From 1987 3.58%
CPI 1987 32.99
CPI today 113.07

Value of Won over time (by year)

Period Value
1987 100
1988 107.15
1989 113.25
1990 122.96
1991 134.44
1992 142.79
1993 149.65
1994 159.02
1995 166.15
1996 174.33
1997 182.07
1998 195.75
1999 197.34
2000 201.8
2001 210.01
2002 215.81
2003 223.39
2004 231.41
2005 237.79
2006 243.12
2007 249.28
2008 260.93
2009 268.12
2010 276.01
2011 287.12
2012 293.4
2013 297.21
2014 301
2015 303.13
2016 306.08
2017 312.03
2018 316.63
2019 317.84
2020 319.55
2021 327.54
2022-04 341.44
Today 342.74

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 |

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