Value of 2007 South Korean Won today

₩100 in 2007
₩145.77 in 2023

The inflation rate in South Korea between 2007 and today has been 45.77%, which translates into a total increase of ₩45.77. This means that 100 won in 2007 are equivalent to 145.77 won in 2023. In other words, the purchasing power of ₩100 in 2007 equals ₩145.77 today. The average annual inflation rate between these periods has been 2.38%.

Inflation timeline in South Korea (2007 - 2023)

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 2007-2022 38.08%
Cumulative inflation 2007-today 45.77%
Avg. Annual inflation 2007-2022 2.17%
CPI 2007 82.24
CPI 2022 113.55
CPI 2023-10 (latest official data) 119.51
CPI today 119.87

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 2007 and 2022, use the corresponding CPI values:

Value2022
=Value2007 ×
CPI2022/CPI2007
=₩ 100 ×
113.55/82.24
₩138.08

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 119.87:

Valuetoday
=Value2007 ×
CPItoday/CPI2007
=₩ 100 ×
119.87/82.24
₩145.77

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 2007 and 2022 and the average inflation rate was 2.1743%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=₩100 × (1 + 0.021743)15
₩138.08

South Korea inflation - Conversion table

Initial Value Equivalent value
₩1 won in 2007 ₩1.38 won in 2022
₩5 won in 2007 ₩6.9 won in 2022
₩10 won in 2007 ₩13.81 won in 2022
₩50 won in 2007 ₩69.04 won in 2022
₩100 won in 2007 ₩138.08 won in 2022
₩500 won in 2007 ₩690.39 won in 2022
₩1,000 won in 2007 ₩1,380.77 won in 2022
₩5,000 won in 2007 ₩6,903.86 won in 2022
₩10,000 won in 2007 ₩13,807.72 won in 2022
₩50,000 won in 2007 ₩69,038.6 won in 2022
₩100,000 won in 2007 ₩138,077.2 won in 2022
₩500,000 won in 2007 ₩690,386.02 won in 2022
₩1,000,000 won in 2007 ₩1,380,772.04 won in 2022
Cumulative inflation From 2007 45.77%
Avg. annual inflation From 2007 2.38%
CPI 2007 82.24
CPI today 119.87

Value of Won over time (by year)

Period Value
2007 100
2008 104.67
2009 107.56
2010 110.72
2011 115.18
2012 117.7
2013 119.23
2014 120.75
2015 121.6
2016 122.78
2017 125.17
2018 127.02
2019 127.5
2020 128.19
2021 131.39
2022 138.08
2023-10 145.33
Today 145.77

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 | 2022 |

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