Value of 1990 South Korean Won today

₩100 in 1990

₩274.01 in 2019

The inflation rate in South Korea between 1990 and today has been 174.01%, which translates into a total increase of ₩174.01. This means that 100 won in 1990 are equivalent to 274.01 won in 2019. In other words, the purchasing power of ₩100 in 1990 equals ₩274.01 today. The average annual inflation rate has been 3.42%.

Inflation timeline in South Korea (1990-2019)

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 (1990-2019) 173.86%
Total Inflation* 174.01%
Annual inflation avg. (1990-2019) 3.53%
Annual inflation avg.* 3.42%
CPI 1990 38.1
CPI 2019 104.35
CPI today* 104.41
₩1 in 1990 ₩2.74 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 29 years between 1990 and 2019 and the average inflation rate has been 3.4171%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = ₩100 * (1 + 0.03)29 = ₩273.86

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 1990 was 38.1 and the CPI today is 104.41. Therefore,

Final value = Initial value *
CPI final/CPI initial
= ₩100 *
104.35/38.1
= ₩273.86

South Korea inflation - Conversion table

Initial Value Equivalent value
₩1 won in 1990 ₩2.74 won today
₩5 won in 1990 ₩13.7 won today
₩10 won in 1990 ₩27.4 won today
₩50 won in 1990 ₩137 won today
₩100 won in 1990 ₩274.01 won today
₩500 won in 1990 ₩1,370.05 won today
₩1,000 won in 1990 ₩2,740.09 won today
₩5,000 won in 1990 ₩13,700.47 won today
₩10,000 won in 1990 ₩27,400.94 won today
₩50,000 won in 1990 ₩137,004.7 won today
₩100,000 won in 1990 ₩274,009.39 won today
₩500,000 won in 1990 ₩1,370,046.96 won today
₩1,000,000 won in 1990 ₩2,740,093.91 won today

Value of Won in time (by year)

Period Value
1990 100
1991 109.34
1992 119.45
1993 124.78
1994 132.02
1995 139.37
1996 145.99
1997 153.18
1998 163.25
1999 169.73
2000 172.03
2001 176.81
2002 182.4
2003 189.21
2004 195.68
2005 201.62
2006 206.9
2007 211.22
2008 218.84
2009 227.9
2010 234.28
2011 241.39
2012 251.43
2013 255.01
2014 257.93
2015 260.08
2016 263.02
2017 266.54
2018 270.29
2019 273.86
Today 274.01