Value of 1960 Euro (Belgium) today

€100 in 1960
€863.3 in 2022

The inflation rate in Belgium between 1960 and today has been 763.3%, which translates into a total increase of €763.3. This means that 100 euro in 1960 are equivalent to 863.3 euro in 2022. In other words, the purchasing power of €100 in 1960 equals €863.3 today. The average annual inflation rate between these periods has been 3.54%.

Inflation timeline in Belgium (1960 - 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 1960-2021 674.92%
Cumulative inflation 1960-today 763.3%
Avg. Annual inflation 1960-2021 3.41%
CPI 1960 14.36
CPI 2021 111.26
CPI 2022-08 (latest official data) 122.94
CPI today 123.95

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 1960 and 2021, use the corresponding CPI values:

Value2021
=Value1960 ×
CPI2021/CPI1960
=€ 100 ×
111.26/14.36
€774.92

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 123.95:

Valuetoday
=Value1960 ×
CPItoday/CPI1960
=€ 100 ×
123.95/14.36
€863.3

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 61 years between 1960 and 2021 and the average inflation rate was 3.4137%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.034137)61
€774.92

Belgium inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1960 €7.75 euro in 2021
€5 euro in 1960 €38.75 euro in 2021
€10 euro in 1960 €77.49 euro in 2021
€50 euro in 1960 €387.46 euro in 2021
€100 euro in 1960 €774.92 euro in 2021
€500 euro in 1960 €3,874.59 euro in 2021
€1,000 euro in 1960 €7,749.18 euro in 2021
€5,000 euro in 1960 €38,745.92 euro in 2021
€10,000 euro in 1960 €77,491.85 euro in 2021
€50,000 euro in 1960 €387,459.24 euro in 2021
€100,000 euro in 1960 €774,918.49 euro in 2021
€500,000 euro in 1960 €3,874,592.45 euro in 2021
€1,000,000 euro in 1960 €7,749,184.9 euro in 2021
Cumulative inflation From 1960 763.3%
Avg. annual inflation From 1960 3.54%
CPI 1960 14.36
CPI today 123.95

Value of Euro over time (by year)

Period Value
1960 100
1961 100.99
1962 102.41
1963 104.61
1964 108.97
1965 113.4
1966 118.14
1967 121.36
1968 124.64
1969 129.32
1970 134.37
1971 140.21
1972 147.85
1973 158.13
1974 178.18
1975 200.93
1976 219.15
1977 234.7
1978 245.2
1979 256.15
1980 273.18
1981 294.02
1982 319.68
1983 344.17
1984 366
1985 383.82
1986 388.79
1987 394.83
1988 399.41
1989 411.82
1990 426.02
1991 439.72
1992 450.39
1993 462.8
1994 473.8
1995 480.76
1996 490.74
1997 498.73
1998 503.47
1999 509.11
2000 522.07
2001 534.96
2002 543.76
2003 552.4
2004 563.98
2005 579.67
2006 590.05
2007 600.81
2008 627.78
2009 627.45
2010 641.19
2011 663.83
2012 682.68
2013 690.28
2014 692.63
2015 696.52
2016 710.27
2017 725.37
2018 740.26
2019 750.9
2020 756.46
2021 774.92
2022-08 856.3
Today 863.3

All available years

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

1956 | 1957 | 1958 | 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: