Value of 1958 Euro (Finland) today

€100 in 1958
€1,635.3 in 2022

The inflation rate in Finland between 1958 and today has been 1,535.3%, which translates into a total increase of €1,535.3. This means that 100 euro in 1958 are equivalent to 1,635.3 euro in 2022. In other words, the purchasing power of €100 in 1958 equals €1,635.3 today. The average annual inflation rate between these periods has been 4.46%.

Inflation timeline in Finland (1958 - 2022)

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 1958-2021 1,384.53%
Cumulative inflation 1958-today 1,535.3%
Avg. Annual inflation 1958-2021 4.38%
CPI 1958 7.13
CPI 2021 105.82
CPI 2022-10 (latest official data) 115.99
CPI today 116.57

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 1958 and 2021, use the corresponding CPI values:

Value2021
=Value1958 ×
CPI2021/CPI1958
=€ 100 ×
105.82/7.13
€1,484.53

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 116.57:

Valuetoday
=Value1958 ×
CPItoday/CPI1958
=€ 100 ×
116.57/7.13
€1,635.3

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 63 years between 1958 and 2021 and the average inflation rate was 4.375%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.04375)63
€1,484.53

Finland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1958 €14.85 euro in 2021
€5 euro in 1958 €74.23 euro in 2021
€10 euro in 1958 €148.45 euro in 2021
€50 euro in 1958 €742.26 euro in 2021
€100 euro in 1958 €1,484.53 euro in 2021
€500 euro in 1958 €7,422.63 euro in 2021
€1,000 euro in 1958 €14,845.27 euro in 2021
€5,000 euro in 1958 €74,226.35 euro in 2021
€10,000 euro in 1958 €148,452.69 euro in 2021
€50,000 euro in 1958 €742,263.47 euro in 2021
€100,000 euro in 1958 €1,484,526.93 euro in 2021
€500,000 euro in 1958 €7,422,634.67 euro in 2021
€1,000,000 euro in 1958 €14,845,269.34 euro in 2021
Cumulative inflation From 1958 1,535.3%
Avg. annual inflation From 1958 4.46%
CPI 1958 7.13
CPI today 116.57

Value of Euro over time (by year)

Period Value
1958 100
1959 101.45
1960 104.92
1961 106.69
1962 111.37
1963 116.94
1964 128.95
1965 135.32
1966 140.56
1967 148.12
1968 161.74
1969 165.31
1970 169.84
1971 180.83
1972 192.88
1973 213.63
1974 249.81
1975 294.3
1976 336.51
1977 376.2
1978 405.54
1979 435.82
1980 486.35
1981 541.34
1982 593.22
1983 642.85
1984 688.29
1985 724.05
1986 745.29
1987 775.94
1988 815.41
1989 869.17
1990 922.62
1991 962.38
1992 990.48
1993 1,012.18
1994 1,023.2
1995 1,031.29
1996 1,037.78
1997 1,050.16
1998 1,064.85
1999 1,077.23
2000 1,110
2001 1,138.62
2002 1,156.51
2003 1,166.66
2004 1,168.84
2005 1,176.13
2006 1,194.56
2007 1,224.55
2008 1,274.34
2009 1,274.34
2010 1,289.43
2011 1,333.49
2012 1,370.94
2013 1,391.2
2014 1,405.69
2015 1,402.77
2016 1,407.77
2017 1,418.38
2018 1,433.76
2019 1,448.44
2020 1,452.65
2021 1,484.53
2022-10 1,627.15
Today 1,635.3

All available years

Today's value of euro (Finland) 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 |

Other currencies: