Value of 1961 Euro (Finland) today

€100 in 1961

€1,355.38 in 2018

The inflation rate in Finland between 1961 and today has been 1,255.38%, which translates into a total increase of €1,255.38. This means that 100 euro in 1961 are equivalent to 1,355.38 euro in 2018. In other words, the purchasing power of €100 in 1961 equals €1,355.38 today. The average annual inflation rate has been 4.6%.

Inflation timeline in Finland (1961-2018)

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 (1961-2018) 1,237.71%
Total Inflation* 1,255.38%
Annual inflation avg. (1961-2018) 4.66%
Annual inflation avg.* 4.6%
CPI 1961 7.59
CPI 2018 101.51
CPI today* 102.85
€1 in 1961 €13.38 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 57 years between 1961 and 2018 and the average inflation rate has been 4.5968%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.05)57 = €1,337.71

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 1961 was 7.59 and the CPI today is 102.85. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
101.51/7.59
= €1,337.71

Finland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1961 €13.55 euro today
€5 euro in 1961 €67.77 euro today
€10 euro in 1961 €135.54 euro today
€50 euro in 1961 €677.69 euro today
€100 euro in 1961 €1,355.38 euro today
€500 euro in 1961 €6,776.9 euro today
€1,000 euro in 1961 €13,553.79 euro today
€5,000 euro in 1961 €67,768.96 euro today
€10,000 euro in 1961 €135,537.93 euro today
€50,000 euro in 1961 €677,689.64 euro today
€100,000 euro in 1961 €1,355,379.28 euro today
€500,000 euro in 1961 €6,776,896.42 euro today
€1,000,000 euro in 1961 €13,553,792.85 euro today

Value of Euro in time (by year)

Period Value
1961 100
1962 100.91
1963 107.27
1964 112.73
1965 123.64
1966 129.09
1967 135.45
1968 146.1
1969 153.76
1970 156.4
1971 161.27
1972 175.32
1973 186.89
1974 213.17
1975 249.24
1976 294.38
1977 330.63
1978 366.44
1979 390.12
1980 423.69
1981 481.99
1982 526.41
1983 573.21
1984 622.03
1985 660.18
1986 687.03
1987 707.43
1988 737.36
1989 784.98
1990 836.47
1991 878.62
1992 914.94
1993 936.17
1994 950.47
1995 965.99
1996 965.64
1997 975.04
1998 993.45
1999 1,001.58
2000 1,021.93
2001 1,052.78
2002 1,071.55
2003 1,089.28
2004 1,095.85
2005 1,100.54
2006 1,107.06
2007 1,131.37
2008 1,161.2
2009 1,200.97
2010 1,194.35
2011 1,228.41
2012 1,264.03
2013 1,293.83
2014 1,314.66
2015 1,320.84
2016 1,317.68
2017 1,331.26
2018 1,337.71
Today 1,355.38