Value of 1987 Euro (Belgium) today

€100 in 1987

€192.14 in 2018

The inflation rate in Belgium between 1987 and today has been 92.14%, which translates into a total increase of €92.14. This means that 100 euro in 1987 are equivalent to 192.14 euro in 2018. In other words, the purchasing power of €100 in 1987 equals €192.14 today. The average annual inflation rate has been 2.06%.

Inflation timeline in Belgium (1987-2018)

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 (1987-2018) 87.3%
Total Inflation* 92.14%
Annual inflation avg. (1987-2018) 2.04%
Annual inflation avg.* 2.06%
CPI 1987 55.96
CPI 2018 104.8
CPI today* 107.51
€1 in 1987 €1.87 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 31 years between 1987 and 2018 and the average inflation rate has been 2.0617%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.02)31 = €187.3

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 1987 was 55.96 and the CPI today is 107.51. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
104.8/55.96
= €187.3

Belgium inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1987 €1.92 euro today
€5 euro in 1987 €9.61 euro today
€10 euro in 1987 €19.21 euro today
€50 euro in 1987 €96.07 euro today
€100 euro in 1987 €192.14 euro today
€500 euro in 1987 €960.68 euro today
€1,000 euro in 1987 €1,921.37 euro today
€5,000 euro in 1987 €9,606.85 euro today
€10,000 euro in 1987 €19,213.7 euro today
€50,000 euro in 1987 €96,068.5 euro today
€100,000 euro in 1987 €192,137 euro today
€500,000 euro in 1987 €960,684.99 euro today
€1,000,000 euro in 1987 €1,921,369.97 euro today

Value of Euro in time (by year)

Period Value
1987 100
1988 101.45
1989 103.4
1990 107.13
1991 110.86
1992 113.96
1993 116.69
1994 119.84
1995 122.07
1996 123.86
1997 127.01
1998 128.46
1999 129.21
2000 131.7
2001 135
2002 137.94
2003 139.83
2004 142.26
2005 145.5
2006 149.7
2007 152.16
2008 156.85
2009 160.98
2010 161.41
2011 166.42
2012 172.21
2013 176.05
2014 177.75
2015 177.08
2016 179.74
2017 183.39
2018 187.3
Today 192.14