Value of 2003 Swiss Francs today - Inflation Calculator

Fr.100 in 2003

Fr.112.32 in 2024

The inflation rate in Switzerland between 2003 and today has been 12.32%, which translates into a total increase of Fr.12.32. This means that 100 francs in 2003 are equivalent to 112.32 francs in 2024. In other words, the purchasing power of Fr.100 in 2003 equals Fr.112.32 today. The average annual inflation rate between these periods has been 0.55%.

Inflation timeline in Switzerland (2003 - 2024)

The following chart depicts the equivalence of Fr.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 (EUR) 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 2003-2023	11.24%
Cumulative inflation 2003-today	12.32%
Avg. Annual inflation 2003-2023	0.53%
CPI 2003	95.6
CPI 2023	106.34
CPI 2024-10 (latest official data)	107.33
CPI today	107.37

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:

Value_t =Value₀ ×

CPI_t/CPI₀

To obtain the values equivalent in buying power between 2003 and 2023, use the corresponding CPI values:

Value₂₀₂₃

=Value₂₀₀₃ ×

CPI₂₀₂₃/CPI₂₀₀₃

=Fr. 100 ×

106.34/95.6

≈Fr.111.24

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 107.37:

Value_today

=Value₂₀₀₃ ×

CPI_today/CPI₂₀₀₃

=Fr. 100 ×

107.37/95.6

≈Fr.112.32

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 Fr.100 worth today. There are 20 years between 2003 and 2023 and the average inflation rate was 0.5342%. Therefore, we can resolve the formula like this:

Value₂₀₂₃

=PV × (1 + i)ⁿ

=Fr.100 × (1 + 0.005342)²⁰

≈Fr.111.24

Switzerland inflation - Conversion table

Initial Value		Equivalent value
Fr.1 franc in 2003	→	Fr.1.11 francs in 2023
Fr.5 francs in 2003	→	Fr.5.56 francs in 2023
Fr.10 francs in 2003	→	Fr.11.12 francs in 2023
Fr.50 francs in 2003	→	Fr.55.62 francs in 2023
Fr.100 francs in 2003	→	Fr.111.24 francs in 2023
Fr.500 francs in 2003	→	Fr.556.22 francs in 2023
Fr.1,000 francs in 2003	→	Fr.1,112.44 francs in 2023
Fr.5,000 francs in 2003	→	Fr.5,562.21 francs in 2023
Fr.10,000 francs in 2003	→	Fr.11,124.42 francs in 2023
Fr.50,000 francs in 2003	→	Fr.55,622.08 francs in 2023
Fr.100,000 francs in 2003	→	Fr.111,244.16 francs in 2023
Fr.500,000 francs in 2003	→	Fr.556,220.8 francs in 2023
Fr.1,000,000 francs in 2003	→	Fr.1,112,441.6 francs in 2023

Cumulative inflation From 2003	12.32%
Avg. annual inflation From 2003	0.55%
CPI 2003	95.6
CPI today	107.37

Value of Franc over time (by year)

Period	Value
2003	100
2004	100.8
2005	101.98
2006	103.06
2007	103.82
2008	106.34
2009	105.83
2010	106.56
2011	106.8
2012	106.06
2013	105.83
2014	105.82
2015	104.61
2016	104.15
2017	104.71
2018	105.69
2019	106.07
2020	105.3
2021	105.92
2022	108.92
2023	111.24
2024-10	112.28
Today	112.32