Value of 1966 Euro (Belgium) today

€100 in 1966

€646.49 in 2018

The inflation rate in Belgium between 1966 and today has been 546.49%, which translates into a total increase of €546.49. This means that 100 euro in 1966 are equivalent to 646.49 euro in 2018. In other words, the purchasing power of €100 in 1966 equals €646.49 today. The average annual inflation rate has been 3.58%.

Inflation timeline in Belgium (1966-2018)

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 (1966-2018) 531.21%
Total Inflation* 546.49%
Annual inflation avg. (1966-2018) 3.61%
Annual inflation avg.* 3.58%
CPI 1966 16.6
CPI 2018 104.8
CPI today* 107.34
€1 in 1966 €6.31 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 52 years between 1966 and 2018 and the average inflation rate has been 3.5842%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.04)52 = €631.21

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 1966 was 16.6 and the CPI today is 107.34. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
104.8/16.6
= €631.21

Belgium inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1966 €6.46 euro today
€5 euro in 1966 €32.32 euro today
€10 euro in 1966 €64.65 euro today
€50 euro in 1966 €323.25 euro today
€100 euro in 1966 €646.49 euro today
€500 euro in 1966 €3,232.47 euro today
€1,000 euro in 1966 €6,464.94 euro today
€5,000 euro in 1966 €32,324.68 euro today
€10,000 euro in 1966 €64,649.37 euro today
€50,000 euro in 1966 €323,246.84 euro today
€100,000 euro in 1966 €646,493.69 euro today
€500,000 euro in 1966 €3,232,468.44 euro today
€1,000,000 euro in 1966 €6,464,936.88 euro today

Value of Euro in time (by year)

Period Value
1966 100
1967 103.15
1968 106.5
1969 109.18
1970 113.96
1971 117.51
1972 124.05
1973 131.99
1974 141.62
1975 163.83
1976 181.9
1977 195.48
1978 207.84
1979 215.87
1980 226.96
1981 244.09
1982 263.94
1983 285.33
1984 305.74
1985 322.07
1986 335.05
1987 337
1988 341.88
1989 348.46
1990 361.02
1991 373.62
1992 384.06
1993 393.26
1994 403.87
1995 411.38
1996 417.41
1997 428.03
1998 432.92
1999 435.43
2000 443.85
2001 454.95
2002 464.86
2003 471.24
2004 479.42
2005 490.34
2006 504.49
2007 512.79
2008 528.6
2009 542.51
2010 543.94
2011 560.84
2012 580.35
2013 593.31
2014 599.04
2015 596.77
2016 605.72
2017 618.02
2018 631.21
Today 646.49