Value of 1959 Euro (Finland) today

€100 in 1959

€1,430.09 in 2018

The inflation rate in Finland between 1959 and today has been 1,330.09%, which translates into a total increase of €1,330.09. This means that 100 euro in 1959 are equivalent to 1,430.09 euro in 2018. In other words, the purchasing power of €100 in 1959 equals €1,430.09 today. The average annual inflation rate has been 4.53%.

Inflation timeline in Finland (1959-2018)

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 (1959-2018) 1,314.89%
Total Inflation* 1,330.09%
Annual inflation avg. (1959-2018) 4.59%
Annual inflation avg.* 4.53%
CPI 1959 7.17
CPI 2018 101.51
CPI today* 102.6
€1 in 1959 €14.15 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 59 years between 1959 and 2018 and the average inflation rate has been 4.5336%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.05)59 = €1,414.89

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 1959 was 7.17 and the CPI today is 102.6. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
101.51/7.17
= €1,414.89

Finland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1959 €14.3 euro today
€5 euro in 1959 €71.5 euro today
€10 euro in 1959 €143.01 euro today
€50 euro in 1959 €715.04 euro today
€100 euro in 1959 €1,430.09 euro today
€500 euro in 1959 €7,150.44 euro today
€1,000 euro in 1959 €14,300.88 euro today
€5,000 euro in 1959 €71,504.38 euro today
€10,000 euro in 1959 €143,008.75 euro today
€50,000 euro in 1959 €715,043.76 euro today
€100,000 euro in 1959 €1,430,087.52 euro today
€500,000 euro in 1959 €7,150,437.62 euro today
€1,000,000 euro in 1959 €14,300,875.25 euro today

Value of Euro in time (by year)

Period Value
1959 100
1960 102.88
1961 105.77
1962 106.73
1963 113.46
1964 119.23
1965 130.77
1966 136.54
1967 143.27
1968 154.53
1969 162.63
1970 165.42
1971 170.58
1972 185.44
1973 197.67
1974 225.47
1975 263.62
1976 311.36
1977 349.71
1978 387.58
1979 412.62
1980 448.13
1981 509.8
1982 556.78
1983 606.28
1984 657.92
1985 698.27
1986 726.66
1987 748.25
1988 779.9
1989 830.27
1990 884.73
1991 929.31
1992 967.72
1993 990.18
1994 1,005.31
1995 1,021.72
1996 1,021.35
1997 1,031.29
1998 1,050.76
1999 1,059.37
2000 1,080.89
2001 1,113.52
2002 1,133.37
2003 1,152.12
2004 1,159.07
2005 1,164.03
2006 1,170.93
2007 1,196.64
2008 1,228.19
2009 1,270.26
2010 1,263.25
2011 1,299.28
2012 1,336.95
2013 1,368.47
2014 1,390.51
2015 1,397.04
2016 1,393.7
2017 1,408.06
2018 1,414.89
Today 1,430.09