Value of 1963 Euro (Finland) today

€100 in 1963
€1,376.83 in 2022

The inflation rate in Finland between 1963 and today has been 1,276.83%, which translates into a total increase of €1,276.83. This means that 100 euro in 1963 are equivalent to 1,376.83 euro in 2022. In other words, the purchasing power of €100 in 1963 equals €1,376.83 today. The average annual inflation rate between these periods has been 4.54%.

Inflation timeline in Finland (1963 - 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 1963-2021 1,169.53%
Cumulative inflation 1963-today 1,276.83%
Avg. Annual inflation 1963-2021 4.48%
CPI 1963 8.34
CPI 2021 105.82
CPI 2022-08 (latest official data) 114.03
CPI today 114.77

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 1963 and 2021, use the corresponding CPI values:

Value2021
=Value1963 ×
CPI2021/CPI1963
=€ 100 ×
105.82/8.34
€1,269.53

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 114.77:

Valuetoday
=Value1963 ×
CPItoday/CPI1963
=€ 100 ×
114.77/8.34
€1,376.83

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 58 years between 1963 and 2021 and the average inflation rate was 4.4788%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.044788)58
€1,269.53

Finland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1963 €12.7 euro in 2021
€5 euro in 1963 €63.48 euro in 2021
€10 euro in 1963 €126.95 euro in 2021
€50 euro in 1963 €634.76 euro in 2021
€100 euro in 1963 €1,269.53 euro in 2021
€500 euro in 1963 €6,347.63 euro in 2021
€1,000 euro in 1963 €12,695.27 euro in 2021
€5,000 euro in 1963 €63,476.33 euro in 2021
€10,000 euro in 1963 €126,952.65 euro in 2021
€50,000 euro in 1963 €634,763.26 euro in 2021
€100,000 euro in 1963 €1,269,526.52 euro in 2021
€500,000 euro in 1963 €6,347,632.6 euro in 2021
€1,000,000 euro in 1963 €12,695,265.19 euro in 2021
Cumulative inflation From 1963 1,276.83%
Avg. annual inflation From 1963 4.54%
CPI 1963 8.34
CPI today 114.77

Value of Euro over time (by year)

Period Value
1963 100
1964 110.28
1965 115.72
1966 120.21
1967 126.67
1968 138.31
1969 141.37
1970 145.24
1971 154.64
1972 164.95
1973 182.69
1974 213.63
1975 251.68
1976 287.78
1977 321.71
1978 346.81
1979 372.7
1980 415.91
1981 462.94
1982 507.31
1983 549.75
1984 588.61
1985 619.19
1986 637.35
1987 663.57
1988 697.31
1989 743.29
1990 789
1991 823
1992 847.03
1993 865.59
1994 875.01
1995 881.93
1996 887.48
1997 898.07
1998 910.63
1999 921.22
2000 949.24
2001 973.72
2002 989.02
2003 997.69
2004 999.56
2005 1,005.8
2006 1,021.55
2007 1,047.2
2008 1,089.78
2009 1,089.78
2010 1,102.69
2011 1,140.36
2012 1,172.39
2013 1,189.72
2014 1,202.11
2015 1,199.61
2016 1,203.89
2017 1,212.96
2018 1,226.11
2019 1,238.67
2020 1,242.26
2021 1,269.53
2022-08 1,367.98
Today 1,376.83

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: