Value of 1963 Euro (Austria) today

€100 in 1963

€611.57 in 2018

The inflation rate in Austria between 1963 and today has been 511.57%, which translates into a total increase of €511.57. This means that 100 euro in 1963 are equivalent to 611.57 euro in 2018. In other words, the purchasing power of €100 in 1963 equals €611.57 today. The average annual inflation rate has been 3.29%.

Inflation timeline in Austria (1963-2018)

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 (1963-2018) 501.76%
Total Inflation* 511.57%
Annual inflation avg. (1963-2018) 3.32%
Annual inflation avg.* 3.29%
CPI 1963 17.33
CPI 2018 104.3
CPI today* 106
€1 in 1963 €6.02 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 55 years between 1963 and 2018 and the average inflation rate has been 3.2865%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.03)55 = €601.76

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 1963 was 17.33 and the CPI today is 106. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
104.3/17.33
= €601.76

Austria inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1963 €6.12 euro today
€5 euro in 1963 €30.58 euro today
€10 euro in 1963 €61.16 euro today
€50 euro in 1963 €305.79 euro today
€100 euro in 1963 €611.57 euro today
€500 euro in 1963 €3,057.86 euro today
€1,000 euro in 1963 €6,115.72 euro today
€5,000 euro in 1963 €30,578.59 euro today
€10,000 euro in 1963 €61,157.18 euro today
€50,000 euro in 1963 €305,785.89 euro today
€100,000 euro in 1963 €611,571.78 euro today
€500,000 euro in 1963 €3,057,858.91 euro today
€1,000,000 euro in 1963 €6,115,717.82 euro today

Value of Euro in time (by year)

Period Value
1963 100
1964 104.24
1965 107.84
1966 114.34
1967 116.55
1968 120.79
1969 124.46
1970 128.71
1971 134.67
1972 141.21
1973 152
1974 163.93
1975 179.76
1976 191.92
1977 205.8
1978 214.4
1979 222.32
1980 232.75
1981 248.24
1982 264.19
1983 276.58
1984 287.13
1985 301.58
1986 310.07
1987 313.51
1988 318.56
1989 324.53
1990 333.93
1991 345.52
1992 356.07
1993 371.1
1994 384.29
1995 394.27
1996 401.5
1997 410.91
1998 416.53
1999 419.39
2000 425.13
2001 436.14
2002 444.8
2003 452.98
2004 458.58
2005 471.92
2006 478.55
2007 485.69
2008 503.31
2009 509.97
2010 515.21
2011 527.11
2012 543.85
2013 558.97
2014 569.39
2015 575.13
2016 580.99
2017 589.07
2018 601.76
Today 611.57