Value of 1960 Euro (Austria) today

€100 in 1960

€665.54 today

The inflation rate in Austria between 1960 and today has been 565.54%, which translates into a total increase of €565.54. This means that 100 euro in 1960 are equivalent to 665.54 euro in 2018. In other words, the purchasing power of €100 in 1960 equals €665.54 today. The average annual inflation rate has been 3.26%.

Inflation timeline in Austria (1960-2019)

The following chart ilustrates the equivalence of €100 throughout the years due to inflation and CPI changes. All values are equivalent in terms of purchashing 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 (1960-2018) 553.63%
Total Inflation* 565.54%
Annual inflation avg. (1960-2018) 3.29%
Annual inflation avg.* 3.26%
CPI 1960 15.96
CPI 2018 104.3
CPI today* 106.2
€1 in 1960 €6.54 in 2018

* 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 58 years between 1960 and 2018 and the average inflation rate has been 3.2647%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.03)58 = €653.63

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 1960 was 15.96 and the CPI today is 106.2. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
104.3/15.96
= €653.63

Austria inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1960 €6.66 euro today
€5 euro in 1960 €33.28 euro today
€10 euro in 1960 €66.55 euro today
€50 euro in 1960 €332.77 euro today
€100 euro in 1960 €665.54 euro today
€500 euro in 1960 €3,327.69 euro today
€1,000 euro in 1960 €6,655.38 euro today
€5,000 euro in 1960 €33,276.89 euro today
€10,000 euro in 1960 €66,553.78 euro today
€50,000 euro in 1960 €332,768.88 euro today
€100,000 euro in 1960 €665,537.77 euro today
€500,000 euro in 1960 €3,327,688.85 euro today
€1,000,000 euro in 1960 €6,655,377.7 euro today

Value of Euro in time (by year)

Period Value
1960 100
1961 100.78
1962 106.17
1963 108.62
1964 113.22
1965 117.14
1966 124.19
1967 126.59
1968 131.21
1969 135.19
1970 139.8
1971 146.28
1972 153.38
1973 165.1
1974 178.06
1975 195.25
1976 208.46
1977 223.53
1978 232.88
1979 241.48
1980 252.82
1981 269.64
1982 286.96
1983 300.41
1984 311.88
1985 327.58
1986 336.8
1987 340.53
1988 346.02
1989 352.5
1990 362.71
1991 375.3
1992 386.76
1993 403.08
1994 417.41
1995 428.25
1996 436.1
1997 446.32
1998 452.43
1999 455.54
2000 461.77
2001 473.73
2002 483.13
2003 492.02
2004 498.1
2005 512.6
2006 519.79
2007 527.55
2008 546.69
2009 553.93
2010 559.62
2011 572.55
2012 590.72
2013 607.14
2014 618.47
2015 624.7
2016 631.07
2017 639.84
2018 653.63
Today 665.54