Value of 1970 Euro (Belgium) today

€100 in 1970

€567.31 in 2018

The inflation rate in Belgium between 1970 and today has been 467.31%, which translates into a total increase of €467.31. This means that 100 euro in 1970 are equivalent to 567.31 euro in 2018. In other words, the purchasing power of €100 in 1970 equals €567.31 today. The average annual inflation rate has been 3.61%.

Inflation timeline in Belgium (1970-2018)

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 (1970-2018) 453.9%
Total Inflation* 467.31%
Annual inflation avg. (1970-2018) 3.63%
Annual inflation avg.* 3.61%
CPI 1970 18.92
CPI 2018 104.8
CPI today* 107.34
€1 in 1970 €5.54 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 48 years between 1970 and 2018 and the average inflation rate has been 3.6058%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.04)48 = €553.9

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 1970 was 18.92 and the CPI today is 107.34. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
104.8/18.92
= €553.9

Belgium inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1970 €5.67 euro today
€5 euro in 1970 €28.37 euro today
€10 euro in 1970 €56.73 euro today
€50 euro in 1970 €283.66 euro today
€100 euro in 1970 €567.31 euro today
€500 euro in 1970 €2,836.56 euro today
€1,000 euro in 1970 €5,673.12 euro today
€5,000 euro in 1970 €28,365.59 euro today
€10,000 euro in 1970 €56,731.19 euro today
€50,000 euro in 1970 €283,655.93 euro today
€100,000 euro in 1970 €567,311.87 euro today
€500,000 euro in 1970 €2,836,559.33 euro today
€1,000,000 euro in 1970 €5,673,118.66 euro today

Value of Euro in time (by year)

Period Value
1970 100
1971 103.11
1972 108.86
1973 115.83
1974 124.27
1975 143.77
1976 159.62
1977 171.54
1978 182.39
1979 189.43
1980 199.16
1981 214.19
1982 231.62
1983 250.38
1984 268.29
1985 282.62
1986 294.02
1987 295.73
1988 300.01
1989 305.78
1990 316.8
1991 327.86
1992 337.02
1993 345.1
1994 354.41
1995 361
1996 366.28
1997 375.6
1998 379.9
1999 382.1
2000 389.48
2001 399.23
2002 407.92
2003 413.53
2004 420.7
2005 430.29
2006 442.7
2007 449.98
2008 463.86
2009 476.07
2010 477.32
2011 492.15
2012 509.27
2013 520.64
2014 525.67
2015 523.68
2016 531.53
2017 542.32
2018 553.9
Today 567.31