Result: Kč1 in 1993 → Kč3.67 in 2024
Value of Kč1 from 1993 to 2024
Updated: April 10, 2025Kč1 in 1993 is equivalent in purchasing power to about Kč3.67 today, an increase of Kč2.67 over 31 years. The koruna had an average inflation rate of 4.29% per year between 1993 and today, producing a cumulative price increase of 267.39%.
This means that today's prices are 3.67 times as high as average prices since 1993, according to the OECD and the World Bank consumer price index for Czechia. A koruna today only buys 27.248% of what it could buy back then.
The inflation rate in 1993 was 20.81%. The current inflation rate compared to the end of last year is now 7.53%. If this number holds, Kč1 today will be equivalent in buying power to Kč1.08 next year.
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| Cumulative price change | 267.39% |
| Average inflation rate | 4.29% |
| Converted amount Kč1 base | Kč3.67 |
| Price difference Kč1 base | Kč2.67 |
| CPI in 1993 | 43.552 |
| CPI in 2024 | 160.004 |
| Inflation in 1993 | 20.81% |
| Inflation in 2024 | 7.53% |
| Kč1 in 1993 | Kč3.67 in 2024 |
Buying power of Kč1 in 1993
This chart shows a calculation of buying power equivalence for Kč1 in 1993 (price index tracking began in 1991).
For example, if you started with Kč1, you would need to end with Kč3.67 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
When Kč1 is equivalent to Kč3.67 over time, that means that the "real value" of a single Czech koruna decreases over time. In other words, a koruna will pay for fewer items at the store.
This effect explains how inflation erodes the value of a koruna over time. By calculating the value in 1993 dollars, the chart below shows how Kč1 is worth less over 31 years.
According to the OECD and the World Bank, each of these CZK amounts below is equal in terms of what it could buy at the time:
This conversion table shows various other 1993 amounts in today's korunas, based on the 267.39% change in prices:
| Initial value | Equivalent value |
|---|---|
| Kč1 koruna in 1993 | Kč3.67 korunas today |
| Kč5 korunas in 1993 | Kč18.37 korunas today |
| Kč10 korunas in 1993 | Kč36.74 korunas today |
| Kč50 korunas in 1993 | Kč183.69 korunas today |
| Kč100 korunas in 1993 | Kč367.39 korunas today |
| Kč500 korunas in 1993 | Kč1,836.93 korunas today |
| Kč1,000 korunas in 1993 | Kč3,673.85 korunas today |
| Kč5,000 korunas in 1993 | Kč18,369.25 korunas today |
| Kč10,000 korunas in 1993 | Kč36,738.50 korunas today |
| Kč50,000 korunas in 1993 | Kč183,692.52 korunas today |
| Kč100,000 korunas in 1993 | Kč367,385.04 korunas today |
| Kč500,000 korunas in 1993 | Kč1,836,925.22 korunas today |
| Kč1,000,000 korunas in 1993 | Kč3,673,850.44 korunas today |
How to calculate inflation rate for Kč1 since 1993
Our calculations use the following inflation rate formula to calculate the change in value between 1993 and today:
CPI today CPI in 1993
×
1993 CZK value
=
Today's value
Then plug in historical CPI values. The Czech CPI was 43.55226 in the year 1993 and 160.00448950036204 in 2024:
160.0044895003620443.55226
×
Kč1
=
Kč3.67
Kč1 in 1993 has the same "purchasing power" or "buying power" as Kč3.67 in 2024.
To get the total inflation rate for the 31 years between 1993 and 2024, we use the following formula:
CPI in 2024 - CPI in 1993CPI in 1993
×
100
=
Cumulative inflation rate (31 years)
Plugging in the values to this equation, we get:
160.00448950036204 - 43.5522643.55226
×
100
=
267%
Data source & citation
You may use the following MLA citation for this page: “Kč1 in 1993 → 2024 | Czechia Inflation Calculator.” Official Inflation Data, Alioth Finance, 15 May. 2025, https://www.officialdata.org/czechia/inflation/1993?amount=1.
Special thanks to QuickChart for their chart image API, which is used for chart downloads.
| Cumulative price change | 267.39% |
| Average inflation rate | 4.29% |
| Converted amount Kč1 base | Kč3.67 |
| Price difference Kč1 base | Kč2.67 |
| CPI in 1993 | 43.552 |
| CPI in 2024 | 160.004 |
| Inflation in 1993 | 20.81% |
| Inflation in 2024 | 7.53% |
| Kč1 in 1993 | Kč3.67 in 2024 |
