Value of 1960 Euro (Finland) today

€100 in 1960
€1,516.01 in 2022

The inflation rate in Finland between 1960 and today has been 1,416.01%, which translates into a total increase of €1,416.01. This means that 100 euro in 1960 are equivalent to 1,516.01 euro in 2022. In other words, the purchasing power of €100 in 1960 equals €1,516.01 today. The average annual inflation rate between these periods has been 4.48%.

Inflation timeline in Finland (1960 - 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 1960-2021 1,314.92%
Cumulative inflation 1960-today 1,416.01%
Avg. Annual inflation 1960-2021 4.44%
CPI 1960 7.48
CPI 2021 105.82
CPI 2022-05 (latest official data) 112.76
CPI today 113.38

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 1960 and 2021, use the corresponding CPI values:

Value2021
=Value1960 ×
CPI2021/CPI1960
=€ 100 ×
105.82/7.48
€1,414.92

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 113.38:

Valuetoday
=Value1960 ×
CPItoday/CPI1960
=€ 100 ×
113.38/7.48
€1,516.01

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 61 years between 1960 and 2021 and the average inflation rate was 4.4394%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.044394)61
€1,414.92

Finland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1960 €14.15 euro in 2021
€5 euro in 1960 €70.75 euro in 2021
€10 euro in 1960 €141.49 euro in 2021
€50 euro in 1960 €707.46 euro in 2021
€100 euro in 1960 €1,414.92 euro in 2021
€500 euro in 1960 €7,074.61 euro in 2021
€1,000 euro in 1960 €14,149.22 euro in 2021
€5,000 euro in 1960 €70,746.09 euro in 2021
€10,000 euro in 1960 €141,492.18 euro in 2021
€50,000 euro in 1960 €707,460.88 euro in 2021
€100,000 euro in 1960 €1,414,921.76 euro in 2021
€500,000 euro in 1960 €7,074,608.79 euro in 2021
€1,000,000 euro in 1960 €14,149,217.58 euro in 2021
Cumulative inflation From 1960 1,416.01%
Avg. annual inflation From 1960 4.48%
CPI 1960 7.48
CPI today 113.38

Value of Euro over time (by year)

Period Value
1960 100
1961 101.69
1962 106.15
1963 111.45
1964 122.91
1965 128.98
1966 133.97
1967 141.18
1968 154.16
1969 157.56
1970 161.87
1971 172.36
1972 183.84
1973 203.61
1974 238.09
1975 280.5
1976 320.73
1977 358.56
1978 386.52
1979 415.39
1980 463.55
1981 515.96
1982 565.41
1983 612.71
1984 656.02
1985 690.1
1986 710.35
1987 739.56
1988 777.18
1989 828.42
1990 879.36
1991 917.26
1992 944.04
1993 964.72
1994 975.22
1995 982.94
1996 989.12
1997 1,000.92
1998 1,014.93
1999 1,026.72
2000 1,057.96
2001 1,085.23
2002 1,102.29
2003 1,111.96
2004 1,114.04
2005 1,120.99
2006 1,138.55
2007 1,167.14
2008 1,214.59
2009 1,214.59
2010 1,228.97
2011 1,270.96
2012 1,306.66
2013 1,325.97
2014 1,339.78
2015 1,336.99
2016 1,341.76
2017 1,351.88
2018 1,366.53
2019 1,380.53
2020 1,384.54
2021 1,414.92
2022-05 1,507.67
Today 1,516.01

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: