Value of 1958 Euro (Finland) today

€100 in 1958

€1,469.52 in 2018

The inflation rate in Finland between 1958 and today has been 1,369.52%, which translates into a total increase of €1,369.52. This means that 100 euro in 1958 are equivalent to 1,469.52 euro in 2018. In other words, the purchasing power of €100 in 1958 equals €1,469.52 today. The average annual inflation rate has been 4.5%.

Inflation timeline in Finland (1958-2018)

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 (1958-2018) 1,353.9%
Total Inflation* 1,369.52%
Annual inflation avg. (1958-2018) 4.56%
Annual inflation avg.* 4.5%
CPI 1958 6.98
CPI 2018 101.51
CPI today* 102.6
€1 in 1958 €14.54 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 60 years between 1958 and 2018 and the average inflation rate has been 4.5043%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.05)60 = €1,453.9

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 1958 was 6.98 and the CPI today is 102.6. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
101.51/6.98
= €1,453.9

Finland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1958 €14.7 euro today
€5 euro in 1958 €73.48 euro today
€10 euro in 1958 €146.95 euro today
€50 euro in 1958 €734.76 euro today
€100 euro in 1958 €1,469.52 euro today
€500 euro in 1958 €7,347.6 euro today
€1,000 euro in 1958 €14,695.2 euro today
€5,000 euro in 1958 €73,476 euro today
€10,000 euro in 1958 €146,952 euro today
€50,000 euro in 1958 €734,760 euro today
€100,000 euro in 1958 €1,469,519.99 euro today
€500,000 euro in 1958 €7,347,599.96 euro today
€1,000,000 euro in 1958 €14,695,199.91 euro today

Value of Euro in time (by year)

Period Value
1958 100
1959 102.76
1960 105.72
1961 108.69
1962 109.67
1963 116.59
1964 122.52
1965 134.37
1966 140.3
1967 147.22
1968 158.79
1969 167.11
1970 169.99
1971 175.28
1972 190.55
1973 203.12
1974 231.69
1975 270.89
1976 319.95
1977 359.35
1978 398.27
1979 424
1980 460.49
1981 523.86
1982 572.14
1983 622.99
1984 676.06
1985 717.52
1986 746.7
1987 768.88
1988 801.41
1989 853.16
1990 909.13
1991 954.93
1992 994.4
1993 1,017.48
1994 1,033.03
1995 1,049.89
1996 1,049.51
1997 1,059.73
1998 1,079.73
1999 1,088.58
2000 1,110.69
2001 1,144.22
2002 1,164.62
2003 1,183.89
2004 1,191.03
2005 1,196.13
2006 1,203.22
2007 1,229.64
2008 1,262.06
2009 1,305.29
2010 1,298.08
2011 1,335.11
2012 1,373.82
2013 1,406.2
2014 1,428.85
2015 1,435.56
2016 1,432.13
2017 1,446.89
2018 1,453.9
Today 1,469.52