Value of 1957 Euro (Finland) today

€100 in 1957

€1,597.94 in 2018

The inflation rate in Finland between 1957 and today has been 1,497.94%, which translates into a total increase of €1,497.94. This means that 100 euro in 1957 are equivalent to 1,597.94 euro in 2018. In other words, the purchasing power of €100 in 1957 equals €1,597.94 today. The average annual inflation rate has been 4.57%.

Inflation timeline in Finland (1957-2018)

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 (1957-2018) 1,477.12%
Total Inflation* 1,497.94%
Annual inflation avg. (1957-2018) 4.63%
Annual inflation avg.* 4.57%
CPI 1957 6.44
CPI 2018 101.51
CPI today* 102.85
€1 in 1957 €15.77 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 61 years between 1957 and 2018 and the average inflation rate has been 4.5712%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.05)61 = €1,577.12

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 1957 was 6.44 and the CPI today is 102.85. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
101.51/6.44
= €1,577.12

Finland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1957 €15.98 euro today
€5 euro in 1957 €79.9 euro today
€10 euro in 1957 €159.79 euro today
€50 euro in 1957 €798.97 euro today
€100 euro in 1957 €1,597.94 euro today
€500 euro in 1957 €7,989.71 euro today
€1,000 euro in 1957 €15,979.42 euro today
€5,000 euro in 1957 €79,897.11 euro today
€10,000 euro in 1957 €159,794.22 euro today
€50,000 euro in 1957 €798,971.08 euro today
€100,000 euro in 1957 €1,597,942.16 euro today
€500,000 euro in 1957 €7,989,710.81 euro today
€1,000,000 euro in 1957 €15,979,421.63 euro today

Value of Euro in time (by year)

Period Value
1957 100
1958 108.47
1959 111.47
1960 114.68
1961 117.9
1962 118.97
1963 126.47
1964 132.9
1965 145.76
1966 152.19
1967 159.7
1968 172.25
1969 181.27
1970 184.39
1971 190.13
1972 206.7
1973 220.33
1974 251.32
1975 293.85
1976 347.06
1977 389.8
1978 432.02
1979 459.93
1980 499.51
1981 568.25
1982 620.62
1983 675.79
1984 733.36
1985 778.33
1986 809.98
1987 834.04
1988 869.32
1989 925.46
1990 986.17
1991 1,035.86
1992 1,078.68
1993 1,103.71
1994 1,120.57
1995 1,138.86
1996 1,138.45
1997 1,149.53
1998 1,171.24
1999 1,180.83
2000 1,204.82
2001 1,241.19
2002 1,263.32
2003 1,284.22
2004 1,291.96
2005 1,297.5
2006 1,305.19
2007 1,333.84
2008 1,369.01
2009 1,415.91
2010 1,408.09
2011 1,448.25
2012 1,490.24
2013 1,525.37
2014 1,549.94
2015 1,557.22
2016 1,553.5
2017 1,569.5
2018 1,577.12
Today 1,597.94