Value of 1959 Euro (Finland) today

€100 in 1959
€1,545.63 in 2022

The inflation rate in Finland between 1959 and today has been 1,445.63%, which translates into a total increase of €1,445.63. This means that 100 euro in 1959 are equivalent to 1,545.63 euro in 2022. In other words, the purchasing power of €100 in 1959 equals €1,545.63 today. The average annual inflation rate between these periods has been 4.44%.

Inflation timeline in Finland (1959 - 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 1959-2021 1,363.29%
Cumulative inflation 1959-today 1,445.63%
Avg. Annual inflation 1959-2021 4.42%
CPI 1959 7.23
CPI 2021 105.82
CPI 2022-03 (latest official data) 110.95
CPI today 111.78

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 1959 and 2021, use the corresponding CPI values:

Value2021
=Value1959 ×
CPI2021/CPI1959
=€ 100 ×
105.82/7.23
€1,463.29

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 111.78:

Valuetoday
=Value1959 ×
CPItoday/CPI1959
=€ 100 ×
111.78/7.23
€1,545.63

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 62 years between 1959 and 2021 and the average inflation rate was 4.4229%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.044229)62
€1,463.29

Finland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1959 €14.63 euro in 2021
€5 euro in 1959 €73.16 euro in 2021
€10 euro in 1959 €146.33 euro in 2021
€50 euro in 1959 €731.64 euro in 2021
€100 euro in 1959 €1,463.29 euro in 2021
€500 euro in 1959 €7,316.43 euro in 2021
€1,000 euro in 1959 €14,632.86 euro in 2021
€5,000 euro in 1959 €73,164.28 euro in 2021
€10,000 euro in 1959 €146,328.57 euro in 2021
€50,000 euro in 1959 €731,642.85 euro in 2021
€100,000 euro in 1959 €1,463,285.7 euro in 2021
€500,000 euro in 1959 €7,316,428.5 euro in 2021
€1,000,000 euro in 1959 €14,632,857 euro in 2021
Cumulative inflation From 1959 1,445.63%
Avg. annual inflation From 1959 4.44%
CPI 1959 7.23
CPI today 111.78

Value of Euro over time (by year)

Period Value
1959 100
1960 103.42
1961 105.17
1962 109.78
1963 115.26
1964 127.11
1965 133.39
1966 138.55
1967 146
1968 159.42
1969 162.94
1970 167.41
1971 178.25
1972 190.12
1973 210.57
1974 246.23
1975 290.09
1976 331.7
1977 370.81
1978 399.74
1979 429.58
1980 479.39
1981 533.59
1982 584.74
1983 633.66
1984 678.44
1985 713.69
1986 734.63
1987 764.84
1988 803.74
1989 856.73
1990 909.42
1991 948.61
1992 976.31
1993 997.69
1994 1,008.56
1995 1,016.54
1996 1,022.93
1997 1,035.13
1998 1,049.62
1999 1,061.82
2000 1,094.12
2001 1,122.33
2002 1,139.96
2003 1,149.97
2004 1,152.12
2005 1,159.3
2006 1,177.47
2007 1,207.03
2008 1,256.11
2009 1,256.11
2010 1,270.98
2011 1,314.41
2012 1,351.32
2013 1,371.3
2014 1,385.58
2015 1,382.69
2016 1,387.63
2017 1,398.09
2018 1,413.24
2019 1,427.71
2020 1,431.86
2021 1,463.29
2022-03 1,534.18
Today 1,545.63

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: