# Value of 1993 US Dollars today

\$100 in 1993

\$181.39 in 2020

The inflation rate in the United States between 1993 and today has been 81.39%, which translates into a total increase of \$81.39. This means that 100 dollars in 1993 are equivalent to 181.39 dollars in 2020. In other words, the purchasing power of \$100 in 1993 equals \$181.39 today. The average annual inflation rate has been 2.15%.

## Inflation timeline in the United States (1993-2020)

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 (USD) 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 (1993-2020) 81.1%
Total Inflation* 81.39%
Annual inflation avg. (1993-2020) 2.22%
Annual inflation avg.* 2.15%
CPI 1993 59.87
CPI 2020 108.42
CPI today* 108.6
\$1 in 1993 \$1.81 in 2020

* 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 with 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 27 years between 1993 and 2020 and the average inflation rate has been 2.1496%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = \$100 * (1 + 0.02)27 = \$181.1

#### 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 1993 was 59.87 and the CPI today is 108.6. Therefore,

Final value = Initial value *
CPI final/CPI initial
= \$100 *
108.42/59.87
= \$181.1

### USA inflation - Conversion table

Initial Value Equivalent value
\$1 dollar in 1993 \$1.81 dollars today
\$5 dollars in 1993 \$9.07 dollars today
\$10 dollars in 1993 \$18.14 dollars today
\$50 dollars in 1993 \$90.7 dollars today
\$100 dollars in 1993 \$181.39 dollars today
\$500 dollars in 1993 \$906.97 dollars today
\$1,000 dollars in 1993 \$1,813.94 dollars today
\$5,000 dollars in 1993 \$9,069.7 dollars today
\$10,000 dollars in 1993 \$18,139.41 dollars today
\$50,000 dollars in 1993 \$90,697.04 dollars today
\$100,000 dollars in 1993 \$181,394.07 dollars today
\$500,000 dollars in 1993 \$906,970.36 dollars today
\$1,000,000 dollars in 1993 \$1,813,940.71 dollars today

Period Value
1993 100
1994 102.75
1995 105.5
1996 108.17
1997 111.77
1998 113.67
1999 115.5
2000 118.6
2001 122.62
2002 124.52
2003 127.48
2004 129.88
2005 134.11
2006 138.69
2007 142.21
2008 148.02
2009 148.15
2010 152.18
2011 154.46
2012 159.04
2013 161.8
2014 164.23
2015 165.48
2016 166.68
2017 170.14
2018 173.73
2019 177.05
2020 181.1
Today 181.39