Value of 1964 Euro (Finland) today

€100 in 1964
€1,248.79 in 2022

The inflation rate in Finland between 1964 and today has been 1,148.79%, which translates into a total increase of €1,148.79. This means that 100 euro in 1964 are equivalent to 1,248.79 euro in 2022. In other words, the purchasing power of €100 in 1964 equals €1,248.79 today. The average annual inflation rate between these periods has been 4.45%.

Inflation timeline in Finland (1964 - 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 1964-2021 1,051.23%
Cumulative inflation 1964-today 1,148.79%
Avg. Annual inflation 1964-2021 4.38%
CPI 1964 9.19
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 1964 and 2021, use the corresponding CPI values:

Value2021
=Value1964 ×
CPI2021/CPI1964
=€ 100 ×
105.82/9.19
€1,151.23

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

Valuetoday
=Value1964 ×
CPItoday/CPI1964
=€ 100 ×
114.79/9.19
€1,248.79

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 57 years between 1964 and 2021 and the average inflation rate was 4.3799%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.043799)57
€1,151.23

Finland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1964 €11.51 euro in 2021
€5 euro in 1964 €57.56 euro in 2021
€10 euro in 1964 €115.12 euro in 2021
€50 euro in 1964 €575.61 euro in 2021
€100 euro in 1964 €1,151.23 euro in 2021
€500 euro in 1964 €5,756.14 euro in 2021
€1,000 euro in 1964 €11,512.28 euro in 2021
€5,000 euro in 1964 €57,561.39 euro in 2021
€10,000 euro in 1964 €115,122.78 euro in 2021
€50,000 euro in 1964 €575,613.9 euro in 2021
€100,000 euro in 1964 €1,151,227.8 euro in 2021
€500,000 euro in 1964 €5,756,139 euro in 2021
€1,000,000 euro in 1964 €11,512,278 euro in 2021
Cumulative inflation From 1964 1,148.79%
Avg. annual inflation From 1964 4.45%
CPI 1964 9.19
CPI today 114.79

Value of Euro over time (by year)

Period Value
1964 100
1965 104.94
1966 109.01
1967 114.87
1968 125.43
1969 128.19
1970 131.71
1971 140.23
1972 149.58
1973 165.66
1974 193.72
1975 228.23
1976 260.96
1977 291.74
1978 314.49
1979 337.97
1980 377.16
1981 419.8
1982 460.04
1983 498.52
1984 533.76
1985 561.49
1986 577.96
1987 601.73
1988 632.34
1989 674.03
1990 715.48
1991 746.31
1992 768.1
1993 784.93
1994 793.47
1995 799.75
1996 804.78
1997 814.38
1998 825.78
1999 835.37
2000 860.79
2001 882.98
2002 896.86
2003 904.73
2004 906.42
2005 912.07
2006 926.36
2007 949.62
2008 988.23
2009 988.23
2010 999.93
2011 1,034.1
2012 1,063.14
2013 1,078.86
2014 1,090.09
2015 1,087.82
2016 1,091.7
2017 1,099.93
2018 1,111.86
2019 1,123.24
2020 1,126.51
2021 1,151.23
2022-08 1,240.51
Today 1,248.79

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: