Value of 1962 Euro (Belgium) today

€100 in 1962
€884.53 in 2024

The inflation rate in Belgium between 1962 and today has been 784.53%, which translates into a total increase of €784.53. This means that 100 euro in 1962 are equivalent to 884.53 euro in 2024. In other words, the purchasing power of €100 in 1962 equals €884.53 today. The average annual inflation rate between these periods has been 3.58%.

Inflation timeline in Belgium (1962 - 2024)

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 1962-2023 762.87%
Cumulative inflation 1962-today 784.53%
Avg. Annual inflation 1962-2023 3.6%
CPI 1962 14.7
CPI 2023 126.87
CPI 2024-02 (latest official data) 129.84
CPI today 130.05

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 1962 and 2023, use the corresponding CPI values:

Value2023
=Value1962 ×
CPI2023/CPI1962
=€ 100 ×
126.87/14.7
€862.87

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 130.05:

Valuetoday
=Value1962 ×
CPItoday/CPI1962
=€ 100 ×
130.05/14.7
€884.53

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 1962 and 2023 and the average inflation rate was 3.5961%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.035961)61
€862.87

Belgium inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1962 €8.63 euro in 2023
€5 euro in 1962 €43.14 euro in 2023
€10 euro in 1962 €86.29 euro in 2023
€50 euro in 1962 €431.44 euro in 2023
€100 euro in 1962 €862.87 euro in 2023
€500 euro in 1962 €4,314.37 euro in 2023
€1,000 euro in 1962 €8,628.74 euro in 2023
€5,000 euro in 1962 €43,143.68 euro in 2023
€10,000 euro in 1962 €86,287.35 euro in 2023
€50,000 euro in 1962 €431,436.77 euro in 2023
€100,000 euro in 1962 €862,873.55 euro in 2023
€500,000 euro in 1962 €4,314,367.74 euro in 2023
€1,000,000 euro in 1962 €8,628,735.47 euro in 2023
Cumulative inflation From 1962 784.53%
Avg. annual inflation From 1962 3.58%
CPI 1962 14.7
CPI today 130.05

Value of Euro over time (by year)

Period Value
1962 100
1963 102.15
1964 106.41
1965 110.73
1966 115.35
1967 118.5
1968 121.71
1969 126.27
1970 131.21
1971 136.91
1972 144.37
1973 154.41
1974 173.98
1975 196.2
1976 213.99
1977 229.18
1978 239.42
1979 250.12
1980 266.75
1981 287.1
1982 312.15
1983 336.07
1984 357.38
1985 374.78
1986 379.63
1987 385.53
1988 390.01
1989 402.12
1990 415.99
1991 429.36
1992 439.79
1993 451.9
1994 462.65
1995 469.44
1996 479.19
1997 486.99
1998 491.61
1999 497.12
2000 509.77
2001 522.36
2002 530.96
2003 539.39
2004 550.7
2005 566.02
2006 576.16
2007 586.66
2008 613
2009 612.68
2010 626.09
2011 648.2
2012 666.61
2013 674.03
2014 676.32
2015 680.12
2016 693.54
2017 708.29
2018 722.83
2019 733.22
2020 738.65
2021 756.67
2022 829.3
2023 862.87
2024-02 883.06
Today 884.53

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 | 2022 | 2023 |

Other currencies: