Value of 1964 Euro (Belgium) today

€100 in 1964

€700.8 in 2018

The inflation rate in Belgium between 1964 and today has been 600.8%, which translates into a total increase of €600.8. This means that 100 euro in 1964 are equivalent to 700.8 euro in 2018. In other words, the purchasing power of €100 in 1964 equals €700.8 today. The average annual inflation rate has been 3.6%.

Inflation timeline in Belgium (1964-2018)

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 (1964-2018) 583.15%
Total Inflation* 600.8%
Annual inflation avg. (1964-2018) 3.62%
Annual inflation avg.* 3.6%
CPI 1964 15.34
CPI 2018 104.8
CPI today* 107.51
€1 in 1964 €6.83 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 54 years between 1964 and 2018 and the average inflation rate has been 3.6035%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.04)54 = €683.15

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 1964 was 15.34 and the CPI today is 107.51. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
104.8/15.34
= €683.15

Belgium inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1964 €7.01 euro today
€5 euro in 1964 €35.04 euro today
€10 euro in 1964 €70.08 euro today
€50 euro in 1964 €350.4 euro today
€100 euro in 1964 €700.8 euro today
€500 euro in 1964 €3,503.98 euro today
€1,000 euro in 1964 €7,007.95 euro today
€5,000 euro in 1964 €35,039.77 euro today
€10,000 euro in 1964 €70,079.54 euro today
€50,000 euro in 1964 €350,397.71 euro today
€100,000 euro in 1964 €700,795.42 euro today
€500,000 euro in 1964 €3,503,977.1 euro today
€1,000,000 euro in 1964 €7,007,954.19 euro today

Value of Euro in time (by year)

Period Value
1964 100
1965 103.96
1966 108.23
1967 111.64
1968 115.27
1969 118.17
1970 123.33
1971 127.18
1972 134.26
1973 142.86
1974 153.27
1975 177.31
1976 196.86
1977 211.57
1978 224.95
1979 233.64
1980 245.64
1981 264.17
1982 285.66
1983 308.81
1984 330.89
1985 348.57
1986 362.62
1987 364.74
1988 370.02
1989 377.14
1990 390.73
1991 404.37
1992 415.66
1993 425.63
1994 437.11
1995 445.23
1996 451.75
1997 463.25
1998 468.55
1999 471.26
2000 480.37
2001 492.39
2002 503.11
2003 510.02
2004 518.87
2005 530.69
2006 546
2007 554.98
2008 572.1
2009 587.16
2010 588.71
2011 606.99
2012 628.11
2013 642.13
2014 648.33
2015 645.88
2016 655.57
2017 668.88
2018 683.15
Today 700.8