Value of 1962 Euro (Belgium) today

€100 in 1962

€738.9 in 2018

The inflation rate in Belgium between 1962 and today has been 638.9%, which translates into a total increase of €638.9. This means that 100 euro in 1962 are equivalent to 738.9 euro in 2018. In other words, the purchasing power of €100 in 1962 equals €738.9 today. The average annual inflation rate has been 3.57%.

Inflation timeline in Belgium (1962-2018)

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 (1962-2018) 620.3%
Total Inflation* 638.9%
Annual inflation avg. (1962-2018) 3.59%
Annual inflation avg.* 3.57%
CPI 1962 14.55
CPI 2018 104.8
CPI today* 107.51
€1 in 1962 €7.2 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 56 years between 1962 and 2018 and the average inflation rate has been 3.571%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.04)56 = €720.3

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 1962 was 14.55 and the CPI today is 107.51. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
104.8/14.55
= €720.3

Belgium inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1962 €7.39 euro today
€5 euro in 1962 €36.95 euro today
€10 euro in 1962 €73.89 euro today
€50 euro in 1962 €369.45 euro today
€100 euro in 1962 €738.9 euro today
€500 euro in 1962 €3,694.5 euro today
€1,000 euro in 1962 €7,389 euro today
€5,000 euro in 1962 €36,945 euro today
€10,000 euro in 1962 €73,890.01 euro today
€50,000 euro in 1962 €369,450.04 euro today
€100,000 euro in 1962 €738,900.09 euro today
€500,000 euro in 1962 €3,694,500.44 euro today
€1,000,000 euro in 1962 €7,389,000.88 euro today

Value of Euro in time (by year)

Period Value
1962 100
1963 101.16
1964 105.44
1965 109.61
1966 114.11
1967 117.71
1968 121.53
1969 124.6
1970 130.04
1971 134.09
1972 141.56
1973 150.62
1974 161.61
1975 186.95
1976 207.57
1977 223.07
1978 237.18
1979 246.34
1980 258.99
1981 278.54
1982 301.2
1983 325.6
1984 348.89
1985 367.53
1986 382.34
1987 384.57
1988 390.14
1989 397.64
1990 411.97
1991 426.35
1992 438.26
1993 448.77
1994 460.87
1995 469.44
1996 476.32
1997 488.44
1998 494.03
1999 496.89
2000 506.49
2001 519.16
2002 530.47
2003 537.75
2004 547.09
2005 559.55
2006 575.69
2007 585.16
2008 603.21
2009 619.08
2010 620.72
2011 639.99
2012 662.27
2013 677.05
2014 683.58
2015 681
2016 691.21
2017 705.24
2018 720.3
Today 738.9