Value of 1962 Euro (Finland) today

€100 in 1962

€1,339.9 in 2018

The inflation rate in Finland between 1962 and today has been 1,239.9%, which translates into a total increase of €1,239.9. This means that 100 euro in 1962 are equivalent to 1,339.9 euro in 2018. In other words, the purchasing power of €100 in 1962 equals €1,339.9 today. The average annual inflation rate has been 4.66%.

Inflation timeline in Finland (1962-2018)

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 (1962-2018) 1,225.66%
Total Inflation* 1,239.9%
Annual inflation avg. (1962-2018) 4.72%
Annual inflation avg.* 4.66%
CPI 1962 7.66
CPI 2018 101.51
CPI today* 102.6
€1 in 1962 €13.26 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 56 years between 1962 and 2018 and the average inflation rate has been 4.6582%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.05)56 = €1,325.66

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 1962 was 7.66 and the CPI today is 102.6. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
101.51/7.66
= €1,325.66

Finland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1962 €13.4 euro today
€5 euro in 1962 €67 euro today
€10 euro in 1962 €133.99 euro today
€50 euro in 1962 €669.95 euro today
€100 euro in 1962 €1,339.9 euro today
€500 euro in 1962 €6,699.51 euro today
€1,000 euro in 1962 €13,399.02 euro today
€5,000 euro in 1962 €66,995.09 euro today
€10,000 euro in 1962 €133,990.18 euro today
€50,000 euro in 1962 €669,950.91 euro today
€100,000 euro in 1962 €1,339,901.81 euro today
€500,000 euro in 1962 €6,699,509.05 euro today
€1,000,000 euro in 1962 €13,399,018.1 euro today

Value of Euro in time (by year)

Period Value
1962 100
1963 106.31
1964 111.71
1965 122.52
1966 127.93
1967 134.23
1968 144.79
1969 152.37
1970 154.99
1971 159.82
1972 173.75
1973 185.2
1974 211.25
1975 247
1976 291.73
1977 327.65
1978 363.14
1979 386.6
1980 419.87
1981 477.65
1982 521.67
1983 568.04
1984 616.43
1985 654.23
1986 680.84
1987 701.06
1988 730.72
1989 777.91
1990 828.94
1991 870.7
1992 906.69
1993 927.74
1994 941.91
1995 957.28
1996 956.94
1997 966.25
1998 984.5
1999 992.56
2000 1,012.72
2001 1,043.3
2002 1,061.9
2003 1,079.46
2004 1,085.98
2005 1,090.63
2006 1,097.09
2007 1,121.18
2008 1,150.74
2009 1,190.16
2010 1,183.59
2011 1,217.35
2012 1,252.64
2013 1,282.17
2014 1,302.82
2015 1,308.94
2016 1,305.81
2017 1,319.26
2018 1,325.66
Today 1,339.9