$

Value of 1993 US Dollars today

$100 in 1993
$217.61 in 2024

The inflation rate in the United States between 1993 and today has been 117.61%, which translates into a total increase of $117.61. This means that 100 dollars in 1993 are equivalent to 217.61 dollars in 2024. In other words, the purchasing power of $100 in 1993 equals $217.61 today. The average annual inflation rate between these periods has been 2.54%.

Inflation timeline in the United States (1993 - 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 (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 extrapolated from the latest 12-month rolling average official data.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation 1993-2023 110.93%
Cumulative inflation 1993-today 117.61%
Avg. Annual inflation 1993-2023 2.52%
CPI 1993 144.46
CPI 2023 304.7
CPI 2024-04 (latest official data) 313.55
CPI today 314.36

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 1993 and 2023, use the corresponding CPI values:

Value2023
=Value1993 ×
CPI2023/CPI1993
=$ 100 ×
304.7/144.46
$210.93

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 314.36:

Valuetoday
=Value1993 ×
CPItoday/CPI1993
=$ 100 ×
314.36/144.46
$217.61

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 30 years between 1993 and 2023 and the average inflation rate was 2.519%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=$100 × (1 + 0.02519)30
$210.93

US inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1993 $2.11 dollars in 2023
$5 dollars in 1993 $10.55 dollars in 2023
$10 dollars in 1993 $21.09 dollars in 2023
$50 dollars in 1993 $105.46 dollars in 2023
$100 dollars in 1993 $210.93 dollars in 2023
$500 dollars in 1993 $1,054.63 dollars in 2023
$1,000 dollars in 1993 $2,109.27 dollars in 2023
$5,000 dollars in 1993 $10,546.35 dollars in 2023
$10,000 dollars in 1993 $21,092.7 dollars in 2023
$50,000 dollars in 1993 $105,463.48 dollars in 2023
$100,000 dollars in 1993 $210,926.97 dollars in 2023
$500,000 dollars in 1993 $1,054,634.84 dollars in 2023
$1,000,000 dollars in 1993 $2,109,269.69 dollars in 2023
Cumulative inflation From 1993 117.61%
Avg. annual inflation From 1993 2.54%
CPI 1993 144.46
CPI today 314.36

Value of Dollar over time (by year)

Period Value
1993 100
1994 102.61
1995 105.49
1996 108.58
1997 111.12
1998 112.84
1999 115.31
2000 119.2
2001 122.57
2002 124.52
2003 127.34
2004 130.75
2005 135.19
2006 139.55
2007 143.53
2008 149.04
2009 148.51
2010 150.95
2011 155.71
2012 158.93
2013 161.26
2014 163.88
2015 164.07
2016 166.14
2017 169.68
2018 173.83
2019 176.98
2020 179.16
2021 187.58
2022 202.59
2023 210.93
2024-04 217.05
Today 217.61

All available years

Today's value of US dollars by year:

1913 | 1914 | 1915 | 1916 | 1917 | 1918 | 1919 | 1920 | 1921 | 1922 | 1923 | 1924 | 1925 | 1926 | 1927 | 1928 | 1929 | 1930 | 1931 | 1932 | 1933 | 1934 | 1935 | 1936 | 1937 | 1938 | 1939 | 1940 | 1941 | 1942 | 1943 | 1944 | 1945 | 1946 | 1947 | 1948 | 1949 | 1950 | 1951 | 1952 | 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 | 2023 |

Other currencies: