Value of 1966 Euro (Austria) today

€100 in 1966

€536.99 in 2019

The inflation rate in Austria between 1966 and today has been 436.99%, which translates into a total increase of €436.99. This means that 100 euro in 1966 are equivalent to 536.99 euro in 2019. In other words, the purchasing power of €100 in 1966 equals €536.99 today. The average annual inflation rate has been 3.16%.

Inflation timeline in Austria (1966-2019)

The following chart depicts the equivalence of €100 throughout the years due to 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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1966-2019) 436.39%
Total Inflation* 436.99%
Annual inflation avg. (1966-2019) 3.22%
Annual inflation avg.* 3.16%
CPI 1966 19.82
CPI 2019 106.3
CPI today* 106.42
€1 in 1966 €5.36 in 2019

* 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 53 years between 1966 and 2019 and the average inflation rate has been 3.1616%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.03)53 = €536.39

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 1966 was 19.82 and the CPI today is 106.42. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
106.3/19.82
= €536.39

Austria inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1966 €5.37 euro today
€5 euro in 1966 €26.85 euro today
€10 euro in 1966 €53.7 euro today
€50 euro in 1966 €268.5 euro today
€100 euro in 1966 €536.99 euro today
€500 euro in 1966 €2,684.97 euro today
€1,000 euro in 1966 €5,369.95 euro today
€5,000 euro in 1966 €26,849.73 euro today
€10,000 euro in 1966 €53,699.46 euro today
€50,000 euro in 1966 €268,497.3 euro today
€100,000 euro in 1966 €536,994.59 euro today
€500,000 euro in 1966 €2,684,972.97 euro today
€1,000,000 euro in 1966 €5,369,945.95 euro today

Value of Euro in time (by year)

Period Value
1966 100
1967 101.93
1968 105.65
1969 108.86
1970 112.57
1971 117.79
1972 123.51
1973 132.94
1974 143.37
1975 157.22
1976 167.85
1977 179.99
1978 187.52
1979 194.44
1980 203.57
1981 217.11
1982 231.06
1983 241.89
1984 251.12
1985 263.77
1986 271.19
1987 274.2
1988 278.61
1989 283.83
1990 292.06
1991 302.19
1992 311.42
1993 324.57
1994 336.1
1995 344.83
1996 351.15
1997 359.38
1998 364.3
1999 366.8
2000 371.82
2001 381.45
2002 389.02
2003 396.18
2004 401.07
2005 412.75
2006 418.54
2007 424.79
2008 440.19
2009 446.02
2010 450.61
2011 461.02
2012 475.65
2013 488.88
2014 498
2015 503.01
2016 508.14
2017 515.2
2018 526.3
2019 536.39
Today 536.99