Value of 2006 South Korean Won today

₩100 in 2006
₩140.96 in 2022

The inflation rate in South Korea between 2006 and today has been 40.96%, which translates into a total increase of ₩40.96. This means that 100 won in 2006 are equivalent to 140.96 won in 2022. In other words, the purchasing power of ₩100 in 2006 equals ₩140.96 today. The average annual inflation rate between these periods has been 2.17%.

Inflation timeline in South Korea (2006 - 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 2006-2021 34.72%
Cumulative inflation 2006-today 40.96%
Avg. Annual inflation 2006-2021 2.01%
CPI 2006 80.2
CPI 2021 108.05
CPI 2022-04 (latest official data) 112.64
CPI today 113.05

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 2006 and 2021, use the corresponding CPI values:

Value2021
=Value2006 ×
CPI2021/CPI2006
=₩ 100 ×
108.05/80.2
₩134.72

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 113.05:

Valuetoday
=Value2006 ×
CPItoday/CPI2006
=₩ 100 ×
113.05/80.2
₩140.96

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 15 years between 2006 and 2021 and the average inflation rate was 2.0068%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=₩100 × (1 + 0.020068)15
₩134.72

South Korea inflation - Conversion table

Initial Value Equivalent value
₩1 won in 2006 ₩1.35 won in 2021
₩5 won in 2006 ₩6.74 won in 2021
₩10 won in 2006 ₩13.47 won in 2021
₩50 won in 2006 ₩67.36 won in 2021
₩100 won in 2006 ₩134.72 won in 2021
₩500 won in 2006 ₩673.61 won in 2021
₩1,000 won in 2006 ₩1,347.22 won in 2021
₩5,000 won in 2006 ₩6,736.12 won in 2021
₩10,000 won in 2006 ₩13,472.24 won in 2021
₩50,000 won in 2006 ₩67,361.19 won in 2021
₩100,000 won in 2006 ₩134,722.38 won in 2021
₩500,000 won in 2006 ₩673,611.89 won in 2021
₩1,000,000 won in 2006 ₩1,347,223.78 won in 2021
Cumulative inflation From 2006 40.96%
Avg. annual inflation From 2006 2.17%
CPI 2006 80.2
CPI today 113.05

Value of Won over time (by year)

Period Value
2006 100
2007 102.53
2008 107.33
2009 110.29
2010 113.53
2011 118.1
2012 120.68
2013 122.25
2014 123.81
2015 124.68
2016 125.9
2017 128.34
2018 130.24
2019 130.74
2020 131.44
2021 134.72
2022-04 140.44
Today 140.96

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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