Value of 1962 Euro (Finland) today

€100 in 1962
€1,445.92 in 2022

The inflation rate in Finland between 1962 and today has been 1,345.92%, which translates into a total increase of €1,345.92. This means that 100 euro in 1962 are equivalent to 1,445.92 euro in 2022. In other words, the purchasing power of €100 in 1962 equals €1,445.92 today. The average annual inflation rate between these periods has been 4.55%.

Inflation timeline in Finland (1962 - 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 1962-2021 1,232.96%
Cumulative inflation 1962-today 1,345.92%
Avg. Annual inflation 1962-2021 4.49%
CPI 1962 7.94
CPI 2021 105.82
CPI 2022-08 (latest official data) 114.03
CPI today 114.79

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 1962 and 2021, use the corresponding CPI values:

Value2021
=Value1962 ×
CPI2021/CPI1962
=€ 100 ×
105.82/7.94
€1,332.96

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 114.79:

Valuetoday
=Value1962 ×
CPItoday/CPI1962
=€ 100 ×
114.79/7.94
€1,445.92

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 59 years between 1962 and 2021 and the average inflation rate was 4.4876%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.044876)59
€1,332.96

Finland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1962 €13.33 euro in 2021
€5 euro in 1962 €66.65 euro in 2021
€10 euro in 1962 €133.3 euro in 2021
€50 euro in 1962 €666.48 euro in 2021
€100 euro in 1962 €1,332.96 euro in 2021
€500 euro in 1962 €6,664.78 euro in 2021
€1,000 euro in 1962 €13,329.57 euro in 2021
€5,000 euro in 1962 €66,647.84 euro in 2021
€10,000 euro in 1962 €133,295.67 euro in 2021
€50,000 euro in 1962 €666,478.36 euro in 2021
€100,000 euro in 1962 €1,332,956.71 euro in 2021
€500,000 euro in 1962 €6,664,783.56 euro in 2021
€1,000,000 euro in 1962 €13,329,567.11 euro in 2021
Cumulative inflation From 1962 1,345.92%
Avg. annual inflation From 1962 4.55%
CPI 1962 7.94
CPI today 114.79

Value of Euro over time (by year)

Period Value
1962 100
1963 105
1964 115.79
1965 121.51
1966 126.21
1967 133
1968 145.23
1969 148.43
1970 152.5
1971 162.37
1972 173.19
1973 191.81
1974 224.3
1975 264.25
1976 302.15
1977 337.79
1978 364.13
1979 391.32
1980 436.69
1981 486.07
1982 532.66
1983 577.22
1984 618.01
1985 650.12
1986 669.2
1987 696.72
1988 732.16
1989 780.43
1990 828.42
1991 864.13
1992 889.35
1993 908.83
1994 918.73
1995 926
1996 931.82
1997 942.94
1998 956.13
1999 967.24
2000 996.67
2001 1,022.37
2002 1,038.43
2003 1,047.54
2004 1,049.5
2005 1,056.05
2006 1,072.6
2007 1,099.52
2008 1,144.23
2009 1,144.23
2010 1,157.78
2011 1,197.34
2012 1,230.96
2013 1,249.16
2014 1,262.17
2015 1,259.54
2016 1,264.04
2017 1,273.57
2018 1,287.37
2019 1,300.55
2020 1,304.33
2021 1,332.96
2022-08 1,436.33
Today 1,445.92

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: