Value of 1957 Euro (Finland) today

€100 in 1957
€1,816.39 in 2024

The inflation rate in Finland between 1957 and today has been 1,716.39%, which translates into a total increase of €1,716.39. This means that 100 euro in 1957 are equivalent to 1,816.39 euro in 2024. In other words, the purchasing power of €100 in 1957 equals €1,816.39 today. The average annual inflation rate between these periods has been 4.42%.

Inflation timeline in Finland (1957 - 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 1957-2023 1,688%
Cumulative inflation 1957-today 1,716.39%
Avg. Annual inflation 1957-2023 4.47%
CPI 1957 6.74
CPI 2023 120.45
CPI 2024-05 (latest official data) 122.25
CPI today 122.36

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 1957 and 2023, use the corresponding CPI values:

Value2023
=Value1957 ×
CPI2023/CPI1957
=€ 100 ×
120.45/6.74
€1,788

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 122.36:

Valuetoday
=Value1957 ×
CPItoday/CPI1957
=€ 100 ×
122.36/6.74
€1,816.39

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 66 years between 1957 and 2023 and the average inflation rate was 4.4661%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.044661)66
€1,788

Finland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1957 €17.88 euro in 2023
€5 euro in 1957 €89.4 euro in 2023
€10 euro in 1957 €178.8 euro in 2023
€50 euro in 1957 €894 euro in 2023
€100 euro in 1957 €1,788 euro in 2023
€500 euro in 1957 €8,940 euro in 2023
€1,000 euro in 1957 €17,880 euro in 2023
€5,000 euro in 1957 €89,400 euro in 2023
€10,000 euro in 1957 €178,800.01 euro in 2023
€50,000 euro in 1957 €894,000.05 euro in 2023
€100,000 euro in 1957 €1,788,000.1 euro in 2023
€500,000 euro in 1957 €8,940,000.48 euro in 2023
€1,000,000 euro in 1957 €17,880,000.96 euro in 2023
Cumulative inflation From 1957 1,716.39%
Avg. annual inflation From 1957 4.42%
CPI 1957 6.74
CPI today 122.36

Value of Euro over time (by year)

Period Value
1957 100
1958 105.82
1959 107.35
1960 111.02
1961 112.9
1962 117.85
1963 123.74
1964 136.46
1965 143.2
1966 148.74
1967 156.74
1968 171.15
1969 174.92
1970 179.72
1971 191.36
1972 204.11
1973 226.06
1974 264.34
1975 311.43
1976 356.09
1977 398.09
1978 429.14
1979 461.18
1980 514.65
1981 572.84
1982 627.74
1983 680.26
1984 728.34
1985 766.18
1986 788.66
1987 821.1
1988 862.86
1989 919.74
1990 976.3
1991 1,018.38
1992 1,048.11
1993 1,071.07
1994 1,082.73
1995 1,091.3
1996 1,098.17
1997 1,111.26
1998 1,126.82
1999 1,139.91
2000 1,174.59
2001 1,204.87
2002 1,223.81
2003 1,234.54
2004 1,236.85
2005 1,244.57
2006 1,264.07
2007 1,295.81
2008 1,348.49
2009 1,348.49
2010 1,364.46
2011 1,411.08
2012 1,450.71
2013 1,472.15
2014 1,487.48
2015 1,484.39
2016 1,489.69
2017 1,500.92
2018 1,517.18
2019 1,532.72
2020 1,537.17
2021 1,570.91
2022 1,682.81
2023 1,788
2024-05 1,814.76
Today 1,816.39

All available years

Today's value of euro (Finland) by year:

1955 | 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: