Value of 1959 Euro (Austria) today

€100 in 1959

€689 in 2019

The inflation rate in Austria between 1959 and today has been 589%, which translates into a total increase of €589. This means that 100 euro in 1959 are equivalent to 689 euro in 2019. In other words, the purchasing power of €100 in 1959 equals €689 today. The average annual inflation rate has been 3.21%.

Inflation timeline in Austria (1959-2019)

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 (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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1959-2019) 588.41%
Total Inflation* 589%
Annual inflation avg. (1959-2019) 3.27%
Annual inflation avg.* 3.21%
CPI 1959 15.44
CPI 2019 106.3
CPI today* 106.39
€1 in 1959 €6.88 in 2019

* 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 in 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 60 years between 1959 and 2019 and the average inflation rate has been 3.2146%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.03)60 = €688.41

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 1959 was 15.44 and the CPI today is 106.39. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
106.3/15.44
= €688.41

Austria inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1959 €6.89 euro today
€5 euro in 1959 €34.45 euro today
€10 euro in 1959 €68.9 euro today
€50 euro in 1959 €344.5 euro today
€100 euro in 1959 €689 euro today
€500 euro in 1959 €3,444.98 euro today
€1,000 euro in 1959 €6,889.96 euro today
€5,000 euro in 1959 €34,449.79 euro today
€10,000 euro in 1959 €68,899.58 euro today
€50,000 euro in 1959 €344,497.89 euro today
€100,000 euro in 1959 €688,995.77 euro today
€500,000 euro in 1959 €3,444,978.87 euro today
€1,000,000 euro in 1959 €6,889,957.74 euro today

Value of Euro in time (by year)

Period Value
1959 100
1960 103.34
1961 104.15
1962 109.72
1963 112.25
1964 117
1965 121.05
1966 128.34
1967 130.82
1968 135.59
1969 139.71
1970 144.47
1971 151.17
1972 158.51
1973 170.61
1974 184
1975 201.77
1976 215.42
1977 231
1978 240.66
1979 249.54
1980 261.26
1981 278.64
1982 296.54
1983 310.45
1984 322.29
1985 338.52
1986 348.05
1987 351.91
1988 357.57
1989 364.27
1990 374.83
1991 387.83
1992 399.68
1993 416.55
1994 431.36
1995 442.56
1996 450.67
1997 461.23
1998 467.54
1999 470.76
2000 477.2
2001 489.56
2002 499.27
2003 508.45
2004 514.74
2005 529.72
2006 537.15
2007 545.17
2008 564.95
2009 572.43
2010 578.31
2011 591.67
2012 610.45
2013 627.42
2014 639.13
2015 645.57
2016 652.14
2017 661.21
2018 675.46
2019 688.41
Today 689