Value of 1968 Euro (Austria) today

€100 in 1968

€508.37 in 2019

The inflation rate in Austria between 1968 and today has been 408.37%, which translates into a total increase of €408.37. This means that 100 euro in 1968 are equivalent to 508.37 euro in 2019. In other words, the purchasing power of €100 in 1968 equals €508.37 today. The average annual inflation rate has been 3.18%.

Inflation timeline in Austria (1968-2019)

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 (1968-2019) 407.72%
Total Inflation* 408.37%
Annual inflation avg. (1968-2019) 3.24%
Annual inflation avg.* 3.18%
CPI 1968 20.94
CPI 2019 106.3
CPI today* 106.44
€1 in 1968 €5.08 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 51 years between 1968 and 2019 and the average inflation rate has been 3.1764%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.03)51 = €507.72

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 1968 was 20.94 and the CPI today is 106.44. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
106.3/20.94
= €507.72

Austria inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1968 €5.08 euro today
€5 euro in 1968 €25.42 euro today
€10 euro in 1968 €50.84 euro today
€50 euro in 1968 €254.19 euro today
€100 euro in 1968 €508.37 euro today
€500 euro in 1968 €2,541.86 euro today
€1,000 euro in 1968 €5,083.73 euro today
€5,000 euro in 1968 €25,418.64 euro today
€10,000 euro in 1968 €50,837.29 euro today
€50,000 euro in 1968 €254,186.43 euro today
€100,000 euro in 1968 €508,372.86 euro today
€500,000 euro in 1968 €2,541,864.29 euro today
€1,000,000 euro in 1968 €5,083,728.58 euro today

Value of Euro in time (by year)

Period Value
1968 100
1969 103.04
1970 106.55
1971 111.49
1972 116.9
1973 125.83
1974 135.71
1975 148.81
1976 158.88
1977 170.37
1978 177.49
1979 184.05
1980 192.69
1981 205.51
1982 218.71
1983 228.96
1984 237.7
1985 249.67
1986 256.7
1987 259.54
1988 263.72
1989 268.66
1990 276.45
1991 286.04
1992 294.78
1993 307.22
1994 318.14
1995 326.4
1996 332.38
1997 340.17
1998 344.82
1999 347.2
2000 351.95
2001 361.06
2002 368.23
2003 375
2004 379.64
2005 390.69
2006 396.17
2007 402.08
2008 416.67
2009 422.18
2010 426.52
2011 436.38
2012 450.23
2013 462.74
2014 471.38
2015 476.13
2016 480.98
2017 487.66
2018 498.17
2019 507.72
Today 508.37