Value of 1960 Euro (Belgium) today

€100 in 1960

€743.88 in 2018

The inflation rate in Belgium between 1960 and today has been 643.88%, which translates into a total increase of €643.88. This means that 100 euro in 1960 are equivalent to 743.88 euro in 2018. In other words, the purchasing power of €100 in 1960 equals €743.88 today. The average annual inflation rate has been 3.46%.

Inflation timeline in Belgium (1960-2018)

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 (1960-2018) 626.29%
Total Inflation* 643.88%
Annual inflation avg. (1960-2018) 3.48%
Annual inflation avg.* 3.46%
CPI 1960 14.43
CPI 2018 104.8
CPI today* 107.34
€1 in 1960 €7.26 in 2018

* 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 58 years between 1960 and 2018 and the average inflation rate has been 3.4597%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.03)58 = €726.29

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 1960 was 14.43 and the CPI today is 107.34. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
104.8/14.43
= €726.29

Belgium inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1960 €7.44 euro today
€5 euro in 1960 €37.19 euro today
€10 euro in 1960 €74.39 euro today
€50 euro in 1960 €371.94 euro today
€100 euro in 1960 €743.88 euro today
€500 euro in 1960 €3,719.4 euro today
€1,000 euro in 1960 €7,438.8 euro today
€5,000 euro in 1960 €37,194 euro today
€10,000 euro in 1960 €74,387.99 euro today
€50,000 euro in 1960 €371,939.96 euro today
€100,000 euro in 1960 €743,879.92 euro today
€500,000 euro in 1960 €3,719,399.6 euro today
€1,000,000 euro in 1960 €7,438,799.2 euro today

Value of Euro in time (by year)

Period Value
1960 100
1961 99.83
1962 100.83
1963 102
1964 106.32
1965 110.52
1966 115.06
1967 118.69
1968 122.55
1969 125.63
1970 131.12
1971 135.21
1972 142.74
1973 151.88
1974 162.95
1975 188.51
1976 209.3
1977 224.93
1978 239.15
1979 248.39
1980 261.15
1981 280.86
1982 303.7
1983 328.31
1984 351.79
1985 370.59
1986 385.52
1987 387.77
1988 393.38
1989 400.95
1990 415.4
1991 429.9
1992 441.91
1993 452.5
1994 464.71
1995 473.35
1996 480.28
1997 492.51
1998 498.14
1999 501.02
2000 510.71
2001 523.48
2002 534.88
2003 542.23
2004 551.64
2005 564.21
2006 580.49
2007 590.03
2008 608.23
2009 624.23
2010 625.88
2011 645.32
2012 667.78
2013 682.68
2014 689.27
2015 686.66
2016 696.97
2017 711.12
2018 726.29
Today 743.88