Value of 1960 Euro (Finland) today

€100 in 1960

€1,393.38 in 2018

The inflation rate in Finland between 1960 and today has been 1,293.38%, which translates into a total increase of €1,293.38. This means that 100 euro in 1960 are equivalent to 1,393.38 euro in 2018. In other words, the purchasing power of €100 in 1960 equals €1,393.38 today. The average annual inflation rate has been 4.57%.

Inflation timeline in Finland (1960-2018)

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 (1960-2018) 1,275.22%
Total Inflation* 1,293.38%
Annual inflation avg. (1960-2018) 4.62%
Annual inflation avg.* 4.57%
CPI 1960 7.38
CPI 2018 101.51
CPI today* 102.85
€1 in 1960 €13.75 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 58 years between 1960 and 2018 and the average inflation rate has been 4.5661%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.05)58 = €1,375.22

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 1960 was 7.38 and the CPI today is 102.85. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
101.51/7.38
= €1,375.22

Finland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1960 €13.93 euro today
€5 euro in 1960 €69.67 euro today
€10 euro in 1960 €139.34 euro today
€50 euro in 1960 €696.69 euro today
€100 euro in 1960 €1,393.38 euro today
€500 euro in 1960 €6,966.9 euro today
€1,000 euro in 1960 €13,933.81 euro today
€5,000 euro in 1960 €69,669.03 euro today
€10,000 euro in 1960 €139,338.06 euro today
€50,000 euro in 1960 €696,690.28 euro today
€100,000 euro in 1960 €1,393,380.55 euro today
€500,000 euro in 1960 €6,966,902.77 euro today
€1,000,000 euro in 1960 €13,933,805.54 euro today

Value of Euro in time (by year)

Period Value
1960 100
1961 102.8
1962 103.74
1963 110.28
1964 115.89
1965 127.1
1966 132.71
1967 139.25
1968 150.2
1969 158.07
1970 160.79
1971 165.79
1972 180.24
1973 192.13
1974 219.15
1975 256.23
1976 302.63
1977 339.9
1978 376.72
1979 401.06
1980 435.57
1981 495.51
1982 541.17
1983 589.28
1984 639.47
1985 678.69
1986 706.29
1987 727.27
1988 758.04
1989 806.99
1990 859.93
1991 903.25
1992 940.59
1993 962.42
1994 977.12
1995 993.07
1996 992.71
1997 1,002.38
1998 1,021.3
1999 1,029.67
2000 1,050.58
2001 1,082.3
2002 1,101.59
2003 1,119.82
2004 1,126.57
2005 1,131.4
2006 1,138.1
2007 1,163.09
2008 1,193.76
2009 1,234.65
2010 1,227.83
2011 1,262.85
2012 1,299.47
2013 1,330.1
2014 1,351.52
2015 1,357.87
2016 1,354.63
2017 1,368.58
2018 1,375.22
Today 1,393.38