Value of 1966 Euro (Austria) today

€100 in 1966
€619.49 in 2022

The inflation rate in Austria between 1966 and today has been 519.49%, which translates into a total increase of €519.49. This means that 100 euro in 1966 are equivalent to 619.49 euro in 2022. In other words, the purchasing power of €100 in 1966 equals €619.49 today. The average annual inflation rate between these periods has been 3.31%.

Inflation timeline in Austria (1966 - 2022)

The following chart depicts the equivalence of €100 due to compound 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 extrapolated from the latest 12-month rolling average official data.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation 1966-2021 458.89%
Cumulative inflation 1966-today 519.49%
Avg. Annual inflation 1966-2021 3.18%
CPI 1966 19.88
CPI 2021 111.12
CPI 2022-07 (latest official data) 121.65
CPI today 123.17

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 Consumer Price Index (CPI) formula or the compound interest formula.

Using the CPI formula

When we have both the start and end years, we can use the following formula:

Valuet =Value0 ×
CPIt/CPI0

To obtain the values equivalent in buying power between 1966 and 2021, use the corresponding CPI values:

Value2021
=Value1966 ×
CPI2021/CPI1966
=€ 100 ×
111.12/19.88
€558.89

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 123.17:

Valuetoday
=Value1966 ×
CPItoday/CPI1966
=€ 100 ×
123.17/19.88
€619.49

Alternative: Using the compound interest formula

Given that money changes with time as a result of an inflation rate that acts as compound interest, we can use the following formula: 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 1966 and 2021 and the average inflation rate was 3.1782%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.031782)55
€558.89

Austria inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1966 €5.59 euro in 2021
€5 euro in 1966 €27.94 euro in 2021
€10 euro in 1966 €55.89 euro in 2021
€50 euro in 1966 €279.45 euro in 2021
€100 euro in 1966 €558.89 euro in 2021
€500 euro in 1966 €2,794.46 euro in 2021
€1,000 euro in 1966 €5,588.92 euro in 2021
€5,000 euro in 1966 €27,944.59 euro in 2021
€10,000 euro in 1966 €55,889.19 euro in 2021
€50,000 euro in 1966 €279,445.94 euro in 2021
€100,000 euro in 1966 €558,891.89 euro in 2021
€500,000 euro in 1966 €2,794,459.43 euro in 2021
€1,000,000 euro in 1966 €5,588,918.86 euro in 2021
Cumulative inflation From 1966 519.49%
Avg. annual inflation From 1966 3.31%
CPI 1966 19.88
CPI today 123.17

Value of Euro over time (by year)

Period Value
1966 100
1967 103.97
1968 106.85
1969 110.14
1970 114.96
1971 120.36
1972 128.01
1973 137.66
1974 150.76
1975 163.49
1976 175.46
1977 185.1
1978 191.72
1979 198.83
1980 211.41
1981 225.79
1982 238.06
1983 246.01
1984 259.95
1985 268.24
1986 272.81
1987 276.64
1988 281.93
1989 289.18
1990 298.61
1991 308.57
1992 320.98
1993 332.64
1994 342.46
1995 350.15
1996 356.66
1997 361.32
1998 364.65
1999 366.73
2000 375.33
2001 385.27
2002 392.25
2003 397.57
2004 405.76
2005 415.09
2006 421.07
2007 430.2
2008 444.04
2009 446.29
2010 454.38
2011 469.31
2012 480.98
2013 490.6
2014 498.48
2015 502.95
2016 507.43
2017 517.99
2018 528.34
2019 536.43
2020 543.85
2021 558.89
2022-07 611.83
Today 619.49

All available years

Today's value of euro (Austria) by year:

1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |

Other currencies: