Value of 1963 Euro (Finland) today

€100 in 1963

€1,263.49 in 2018

The inflation rate in Finland between 1963 and today has been 1,163.49%, which translates into a total increase of €1,163.49. This means that 100 euro in 1963 are equivalent to 1,263.49 euro in 2018. In other words, the purchasing power of €100 in 1963 equals €1,263.49 today. The average annual inflation rate has been 4.63%.

Inflation timeline in Finland (1963-2018)

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 (1963-2018) 1,147.02%
Total Inflation* 1,163.49%
Annual inflation avg. (1963-2018) 4.69%
Annual inflation avg.* 4.63%
CPI 1963 8.14
CPI 2018 101.51
CPI today* 102.85
€1 in 1963 €12.47 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 55 years between 1963 and 2018 and the average inflation rate has been 4.6335%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.05)55 = €1,247.02

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 1963 was 8.14 and the CPI today is 102.85. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
101.51/8.14
= €1,247.02

Finland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1963 €12.63 euro today
€5 euro in 1963 €63.17 euro today
€10 euro in 1963 €126.35 euro today
€50 euro in 1963 €631.74 euro today
€100 euro in 1963 €1,263.49 euro today
€500 euro in 1963 €6,317.45 euro today
€1,000 euro in 1963 €12,634.89 euro today
€5,000 euro in 1963 €63,174.46 euro today
€10,000 euro in 1963 €126,348.91 euro today
€50,000 euro in 1963 €631,744.55 euro today
€100,000 euro in 1963 €1,263,489.1 euro today
€500,000 euro in 1963 €6,317,445.51 euro today
€1,000,000 euro in 1963 €12,634,891.02 euro today

Value of Euro in time (by year)

Period Value
1963 100
1964 105.08
1965 115.25
1966 120.34
1967 126.27
1968 136.2
1969 143.33
1970 145.8
1971 150.34
1972 163.44
1973 174.22
1974 198.72
1975 232.35
1976 274.42
1977 308.22
1978 341.6
1979 363.67
1980 394.96
1981 449.32
1982 490.73
1983 534.35
1984 579.86
1985 615.42
1986 640.45
1987 659.47
1988 687.37
1989 731.76
1990 779.76
1991 819.05
1992 852.91
1993 872.7
1994 886.03
1995 900.5
1996 900.17
1997 908.93
1998 926.09
1999 933.68
2000 952.65
2001 981.41
2002 998.9
2003 1,015.43
2004 1,021.55
2005 1,025.93
2006 1,032.01
2007 1,054.67
2008 1,082.47
2009 1,119.55
2010 1,113.37
2011 1,145.13
2012 1,178.33
2013 1,206.11
2014 1,225.53
2015 1,231.29
2016 1,228.35
2017 1,241
2018 1,247.02
Today 1,263.49