Value of 1968 Euro (Austria) today

€100 in 1968
€563.44 in 2022

The inflation rate in Austria between 1968 and today has been 463.44%, which translates into a total increase of €463.44. This means that 100 euro in 1968 are equivalent to 563.44 euro in 2022. In other words, the purchasing power of €100 in 1968 equals €563.44 today. The average annual inflation rate between these periods has been 3.25%.

Inflation timeline in Austria (1968 - 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 1968-2021 423.06%
Cumulative inflation 1968-today 463.44%
Avg. Annual inflation 1968-2021 3.17%
CPI 1968 21.24
CPI 2021 111.12
CPI 2022-05 (latest official data) 118.94
CPI today 119.7

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 1968 and 2021, use the corresponding CPI values:

Value2021
=Value1968 ×
CPI2021/CPI1968
=€ 100 ×
111.12/21.24
€523.06

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 119.7:

Valuetoday
=Value1968 ×
CPItoday/CPI1968
=€ 100 ×
119.7/21.24
€563.44

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 53 years between 1968 and 2021 and the average inflation rate was 3.171%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.03171)53
€523.06

Austria inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1968 €5.23 euro in 2021
€5 euro in 1968 €26.15 euro in 2021
€10 euro in 1968 €52.31 euro in 2021
€50 euro in 1968 €261.53 euro in 2021
€100 euro in 1968 €523.06 euro in 2021
€500 euro in 1968 €2,615.32 euro in 2021
€1,000 euro in 1968 €5,230.65 euro in 2021
€5,000 euro in 1968 €26,153.24 euro in 2021
€10,000 euro in 1968 €52,306.49 euro in 2021
€50,000 euro in 1968 €261,532.43 euro in 2021
€100,000 euro in 1968 €523,064.87 euro in 2021
€500,000 euro in 1968 €2,615,324.33 euro in 2021
€1,000,000 euro in 1968 €5,230,648.66 euro in 2021
Cumulative inflation From 1968 463.44%
Avg. annual inflation From 1968 3.25%
CPI 1968 21.24
CPI today 119.7

Value of Euro over time (by year)

Period Value
1968 100
1969 103.08
1970 107.59
1971 112.65
1972 119.81
1973 128.83
1974 141.1
1975 153.01
1976 164.21
1977 173.24
1978 179.43
1979 186.08
1980 197.86
1981 211.32
1982 222.8
1983 230.24
1984 243.28
1985 251.04
1986 255.32
1987 258.9
1988 263.86
1989 270.64
1990 279.47
1991 288.79
1992 300.41
1993 311.32
1994 320.51
1995 327.7
1996 333.8
1997 338.16
1998 341.28
1999 343.22
2000 351.27
2001 360.58
2002 367.1
2003 372.08
2004 379.75
2005 388.48
2006 394.08
2007 402.63
2008 415.57
2009 417.68
2010 425.25
2011 439.23
2012 450.15
2013 459.15
2014 466.52
2015 470.71
2016 474.9
2017 484.79
2018 494.48
2019 502.05
2020 508.98
2021 523.06
2022-05 559.88
Today 563.44

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: