Value of 1993 Euro (Belgium) today

€100 in 1993
€196.7 in 2024

The inflation rate in Belgium between 1993 and today has been 96.7%, which translates into a total increase of €96.7. This means that 100 euro in 1993 are equivalent to 196.7 euro in 2024. In other words, the purchasing power of €100 in 1993 equals €196.7 today. The average annual inflation rate between these periods has been 2.21%.

Inflation timeline in Belgium (1993 - 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 1993-2023 90.94%
Cumulative inflation 1993-today 96.7%
Avg. Annual inflation 1993-2023 2.18%
CPI 1993 66.44
CPI 2023 126.87
CPI 2024-03 (latest official data) 130.55
CPI today 130.7

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 1993 and 2023, use the corresponding CPI values:

Value2023
=Value1993 ×
CPI2023/CPI1993
=€ 100 ×
126.87/66.44
€190.94

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 130.7:

Valuetoday
=Value1993 ×
CPItoday/CPI1993
=€ 100 ×
130.7/66.44
€196.7

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 30 years between 1993 and 2023 and the average inflation rate was 2.1794%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.021794)30
€190.94

Belgium inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1993 €1.91 euro in 2023
€5 euro in 1993 €9.55 euro in 2023
€10 euro in 1993 €19.09 euro in 2023
€50 euro in 1993 €95.47 euro in 2023
€100 euro in 1993 €190.94 euro in 2023
€500 euro in 1993 €954.71 euro in 2023
€1,000 euro in 1993 €1,909.42 euro in 2023
€5,000 euro in 1993 €9,547.1 euro in 2023
€10,000 euro in 1993 €19,094.2 euro in 2023
€50,000 euro in 1993 €95,471 euro in 2023
€100,000 euro in 1993 €190,942 euro in 2023
€500,000 euro in 1993 €954,709.99 euro in 2023
€1,000,000 euro in 1993 €1,909,419.99 euro in 2023
Cumulative inflation From 1993 96.7%
Avg. annual inflation From 1993 2.21%
CPI 1993 66.44
CPI today 130.7

Value of Euro over time (by year)

Period Value
1993 100
1994 102.38
1995 103.88
1996 106.04
1997 107.76
1998 108.79
1999 110.01
2000 112.81
2001 115.59
2002 117.49
2003 119.36
2004 121.86
2005 125.25
2006 127.5
2007 129.82
2008 135.65
2009 135.58
2010 138.55
2011 143.44
2012 147.51
2013 149.15
2014 149.66
2015 150.5
2016 153.47
2017 156.73
2018 159.95
2019 162.25
2020 163.45
2021 167.44
2022 183.51
2023 190.94
2024-03 196.48
Today 196.7

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: