Value of 2010 South Korean Won today

₩100 in 2010
₩132.81 in 2024

The inflation rate in South Korea between 2010 and today has been 32.81%, which translates into a total increase of ₩32.81. This means that 100 won in 2010 are equivalent to 132.81 won in 2024. In other words, the purchasing power of ₩100 in 2010 equals ₩132.81 today. The average annual inflation rate between these periods has been 2.05%.

Inflation timeline in South Korea (2010 - 2024)

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 2010-2023 29.2%
Cumulative inflation 2010-today 32.81%
Avg. Annual inflation 2010-2023 1.99%
CPI 2010 91.05
CPI 2023 117.64
CPI 2024-09 (latest official data) 120.86
CPI today 120.92

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 2010 and 2023, use the corresponding CPI values:

Value2023
=Value2010 ×
CPI2023/CPI2010
=₩ 100 ×
117.64/91.05
₩129.2

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 120.92:

Valuetoday
=Value2010 ×
CPItoday/CPI2010
=₩ 100 ×
120.92/91.05
₩132.81

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 13 years between 2010 and 2023 and the average inflation rate was 1.99%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=₩100 × (1 + 0.0199)13
₩129.2

South Korea inflation - Conversion table

Initial Value Equivalent value
₩1 won in 2010 ₩1.29 won in 2023
₩5 won in 2010 ₩6.46 won in 2023
₩10 won in 2010 ₩12.92 won in 2023
₩50 won in 2010 ₩64.6 won in 2023
₩100 won in 2010 ₩129.2 won in 2023
₩500 won in 2010 ₩645.98 won in 2023
₩1,000 won in 2010 ₩1,291.96 won in 2023
₩5,000 won in 2010 ₩6,459.8 won in 2023
₩10,000 won in 2010 ₩12,919.6 won in 2023
₩50,000 won in 2010 ₩64,597.99 won in 2023
₩100,000 won in 2010 ₩129,195.99 won in 2023
₩500,000 won in 2010 ₩645,979.93 won in 2023
₩1,000,000 won in 2010 ₩1,291,959.86 won in 2023
Cumulative inflation From 2010 32.81%
Avg. annual inflation From 2010 2.05%
CPI 2010 91.05
CPI today 120.92

Value of Won over time (by year)

Period Value
2010 100
2011 104.03
2012 106.3
2013 107.68
2014 109.06
2015 109.83
2016 110.89
2017 113.05
2018 114.72
2019 115.16
2020 115.78
2021 118.67
2022 124.71
2023 129.2
2024-09 132.74
Today 132.81

All available years

Today's value of south korean won by year:

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 | 2023 |

Other currencies: