Value of 1965 Euro (Finland) today

€100 in 1965

€1,093.6 in 2018

The inflation rate in Finland between 1965 and today has been 993.6%, which translates into a total increase of €993.6. This means that 100 euro in 1965 are equivalent to 1,093.6 euro in 2018. In other words, the purchasing power of €100 in 1965 equals €1,093.6 today. The average annual inflation rate has been 4.53%.

Inflation timeline in Finland (1965-2018)

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 (1965-2018) 981.97%
Total Inflation* 993.6%
Annual inflation avg. (1965-2018) 4.6%
Annual inflation avg.* 4.53%
CPI 1965 9.38
CPI 2018 101.51
CPI today* 102.6
€1 in 1965 €10.82 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 53 years between 1965 and 2018 and the average inflation rate has been 4.5293%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.05)53 = €1,081.97

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 1965 was 9.38 and the CPI today is 102.6. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
101.51/9.38
= €1,081.97

Finland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1965 €10.94 euro today
€5 euro in 1965 €54.68 euro today
€10 euro in 1965 €109.36 euro today
€50 euro in 1965 €546.8 euro today
€100 euro in 1965 €1,093.6 euro today
€500 euro in 1965 €5,467.98 euro today
€1,000 euro in 1965 €10,935.96 euro today
€5,000 euro in 1965 €54,679.81 euro today
€10,000 euro in 1965 €109,359.63 euro today
€50,000 euro in 1965 €546,798.14 euro today
€100,000 euro in 1965 €1,093,596.28 euro today
€500,000 euro in 1965 €5,467,981.4 euro today
€1,000,000 euro in 1965 €10,935,962.8 euro today

Value of Euro in time (by year)

Period Value
1965 100
1966 104.41
1967 109.56
1968 118.17
1969 124.36
1970 126.5
1971 130.44
1972 141.81
1973 151.16
1974 172.42
1975 201.59
1976 238.1
1977 267.42
1978 296.39
1979 315.54
1980 342.69
1981 389.85
1982 425.78
1983 463.62
1984 503.12
1985 533.97
1986 555.68
1987 572.19
1988 596.4
1989 634.91
1990 676.56
1991 710.65
1992 740.02
1993 757.2
1994 768.76
1995 781.31
1996 781.03
1997 788.63
1998 803.52
1999 810.1
2000 826.56
2001 851.51
2002 866.7
2003 881.03
2004 886.35
2005 890.14
2006 895.42
2007 915.08
2008 939.21
2009 971.38
2010 966.01
2011 993.57
2012 1,022.37
2013 1,046.48
2014 1,063.33
2015 1,068.33
2016 1,065.77
2017 1,076.75
2018 1,081.97
Today 1,093.6