Value of 1961 Euro (Austria) today

€100 in 1961

€659.12 in 2018

The inflation rate in Austria between 1961 and today has been 559.12%, which translates into a total increase of €559.12. This means that 100 euro in 1961 are equivalent to 659.12 euro in 2018. In other words, the purchasing power of €100 in 1961 equals €659.12 today. The average annual inflation rate has been 3.3%.

Inflation timeline in Austria (1961-2018)

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 (1961-2018) 548.54%
Total Inflation* 559.12%
Annual inflation avg. (1961-2018) 3.33%
Annual inflation avg.* 3.3%
CPI 1961 16.08
CPI 2018 104.3
CPI today* 106
€1 in 1961 €6.49 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 57 years between 1961 and 2018 and the average inflation rate has been 3.3047%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.03)57 = €648.54

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 1961 was 16.08 and the CPI today is 106. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
104.3/16.08
= €648.54

Austria inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1961 €6.59 euro today
€5 euro in 1961 €32.96 euro today
€10 euro in 1961 €65.91 euro today
€50 euro in 1961 €329.56 euro today
€100 euro in 1961 €659.12 euro today
€500 euro in 1961 €3,295.59 euro today
€1,000 euro in 1961 €6,591.18 euro today
€5,000 euro in 1961 €32,955.92 euro today
€10,000 euro in 1961 €65,911.84 euro today
€50,000 euro in 1961 €329,559.22 euro today
€100,000 euro in 1961 €659,118.44 euro today
€500,000 euro in 1961 €3,295,592.18 euro today
€1,000,000 euro in 1961 €6,591,184.36 euro today

Value of Euro in time (by year)

Period Value
1961 100
1962 105.34
1963 107.77
1964 112.34
1965 116.23
1966 123.23
1967 125.61
1968 130.18
1969 134.14
1970 138.72
1971 145.14
1972 152.19
1973 163.81
1974 176.67
1975 193.73
1976 206.84
1977 221.8
1978 231.07
1979 239.6
1980 250.85
1981 267.54
1982 284.73
1983 298.08
1984 309.45
1985 325.03
1986 334.18
1987 337.89
1988 343.33
1989 349.76
1990 359.89
1991 372.38
1992 383.75
1993 399.95
1994 414.17
1995 424.92
1996 432.71
1997 442.85
1998 448.91
1999 452
2000 458.18
2001 470.05
2002 479.38
2003 488.2
2004 494.23
2005 508.61
2006 515.75
2007 523.45
2008 542.44
2009 549.62
2010 555.27
2011 568.09
2012 586.13
2013 602.42
2014 613.66
2015 619.84
2016 626.16
2017 634.86
2018 648.54
Today 659.12