Value of 1964 Euro (Austria) today

€100 in 1964

€587.81 today

The inflation rate in Austria between 1964 and today has been 487.81%, which translates into a total increase of €487.81. This means that 100 euro in 1964 are equivalent to 587.81 euro in 2018. In other words, the purchasing power of €100 in 1964 equals €587.81 today. The average annual inflation rate has been 3.27%.

Inflation timeline in Austria (1964-2019)

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 (1964-2018) 477.29%
Total Inflation* 487.81%
Annual inflation avg. (1964-2018) 3.3%
Annual inflation avg.* 3.27%
CPI 1964 18.07
CPI 2018 104.3
CPI today* 106.2
€1 in 1964 €5.77 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 54 years between 1964 and 2018 and the average inflation rate has been 3.2729%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.03)54 = €577.29

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 1964 was 18.07 and the CPI today is 106.2. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
104.3/18.07
= €577.29

Austria inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1964 €5.88 euro today
€5 euro in 1964 €29.39 euro today
€10 euro in 1964 €58.78 euro today
€50 euro in 1964 €293.91 euro today
€100 euro in 1964 €587.81 euro today
€500 euro in 1964 €2,939.07 euro today
€1,000 euro in 1964 €5,878.15 euro today
€5,000 euro in 1964 €29,390.74 euro today
€10,000 euro in 1964 €58,781.48 euro today
€50,000 euro in 1964 €293,907.42 euro today
€100,000 euro in 1964 €587,814.84 euro today
€500,000 euro in 1964 €2,939,074.21 euro today
€1,000,000 euro in 1964 €5,878,148.42 euro today

Value of Euro in time (by year)

Period Value
1964 100
1965 103.46
1966 109.69
1967 111.81
1968 115.88
1969 119.4
1970 123.48
1971 129.2
1972 135.47
1973 145.82
1974 157.26
1975 172.45
1976 184.11
1977 197.43
1978 205.68
1979 213.28
1980 223.29
1981 238.15
1982 253.45
1983 265.33
1984 275.46
1985 289.32
1986 297.47
1987 300.77
1988 305.61
1989 311.33
1990 320.36
1991 331.47
1992 341.6
1993 356.01
1994 368.67
1995 378.24
1996 385.17
1997 394.2
1998 399.59
1999 402.34
2000 407.85
2001 418.41
2002 426.71
2003 434.56
2004 439.93
2005 452.74
2006 459.09
2007 465.94
2008 482.84
2009 489.24
2010 494.26
2011 505.68
2012 521.73
2013 536.24
2014 546.24
2015 551.75
2016 557.37
2017 565.12
2018 577.29
Today 587.81