Value of 1994 South Korean Won today

₩100 in 1994
₩215.52 in 2022

The inflation rate in South Korea between 1994 and today has been 115.52%, which translates into a total increase of ₩115.52. This means that 100 won in 1994 are equivalent to 215.52 won in 2022. In other words, the purchasing power of ₩100 in 1994 equals ₩215.52 today. The average annual inflation rate between these periods has been 2.78%.

Inflation timeline in South Korea (1994 - 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 1994-2021 105.97%
Cumulative inflation 1994-today 115.52%
Avg. Annual inflation 1994-2021 2.71%
CPI 1994 52.46
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 1994 and 2021, use the corresponding CPI values:

Value2021
=Value1994 ×
CPI2021/CPI1994
=₩ 100 ×
108.05/52.46
₩205.97

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

Valuetoday
=Value1994 ×
CPItoday/CPI1994
=₩ 100 ×
113.07/52.46
₩215.52

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 27 years between 1994 and 2021 and the average inflation rate was 2.7122%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=₩100 × (1 + 0.027122)27
₩205.97

South Korea inflation - Conversion table

Initial Value Equivalent value
₩1 won in 1994 ₩2.06 won in 2021
₩5 won in 1994 ₩10.3 won in 2021
₩10 won in 1994 ₩20.6 won in 2021
₩50 won in 1994 ₩102.98 won in 2021
₩100 won in 1994 ₩205.97 won in 2021
₩500 won in 1994 ₩1,029.83 won in 2021
₩1,000 won in 1994 ₩2,059.65 won in 2021
₩5,000 won in 1994 ₩10,298.27 won in 2021
₩10,000 won in 1994 ₩20,596.54 won in 2021
₩50,000 won in 1994 ₩102,982.72 won in 2021
₩100,000 won in 1994 ₩205,965.44 won in 2021
₩500,000 won in 1994 ₩1,029,827.2 won in 2021
₩1,000,000 won in 1994 ₩2,059,654.4 won in 2021
Cumulative inflation From 1994 115.52%
Avg. annual inflation From 1994 2.78%
CPI 1994 52.46
CPI today 113.07

Value of Won over time (by year)

Period Value
1994 100
1995 104.48
1996 109.63
1997 114.49
1998 123.09
1999 124.1
2000 126.9
2001 132.06
2002 135.71
2003 140.48
2004 145.52
2005 149.53
2006 152.88
2007 156.76
2008 164.08
2009 168.61
2010 173.56
2011 180.55
2012 184.5
2013 186.9
2014 189.28
2015 190.62
2016 192.47
2017 196.21
2018 199.11
2019 199.87
2020 200.95
2021 205.97
2022-04 214.71
Today 215.52

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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