Value of 1966 Euro (Finland) today

€100 in 1966
€1,145.38 in 2022

The inflation rate in Finland between 1966 and today has been 1,045.38%, which translates into a total increase of €1,045.38. This means that 100 euro in 1966 are equivalent to 1,145.38 euro in 2022. In other words, the purchasing power of €100 in 1966 equals €1,145.38 today. The average annual inflation rate between these periods has been 4.45%.

Inflation timeline in Finland (1966 - 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 1966-2021 956.12%
Cumulative inflation 1966-today 1,045.38%
Avg. Annual inflation 1966-2021 4.38%
CPI 1966 10.02
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 1966 and 2021, use the corresponding CPI values:

Value2021
=Value1966 ×
CPI2021/CPI1966
=€ 100 ×
105.82/10.02
€1,056.12

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

Valuetoday
=Value1966 ×
CPItoday/CPI1966
=€ 100 ×
114.77/10.02
€1,145.38

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 55 years between 1966 and 2021 and the average inflation rate was 4.379%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.04379)55
€1,056.12

Finland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1966 €10.56 euro in 2021
€5 euro in 1966 €52.81 euro in 2021
€10 euro in 1966 €105.61 euro in 2021
€50 euro in 1966 €528.06 euro in 2021
€100 euro in 1966 €1,056.12 euro in 2021
€500 euro in 1966 €5,280.59 euro in 2021
€1,000 euro in 1966 €10,561.18 euro in 2021
€5,000 euro in 1966 €52,805.88 euro in 2021
€10,000 euro in 1966 €105,611.76 euro in 2021
€50,000 euro in 1966 €528,058.8 euro in 2021
€100,000 euro in 1966 €1,056,117.6 euro in 2021
€500,000 euro in 1966 €5,280,587.98 euro in 2021
€1,000,000 euro in 1966 €10,561,175.96 euro in 2021
Cumulative inflation From 1966 1,045.38%
Avg. annual inflation From 1966 4.45%
CPI 1966 10.02
CPI today 114.77

Value of Euro over time (by year)

Period Value
1966 100
1967 105.38
1968 115.06
1969 117.6
1970 120.82
1971 128.65
1972 137.22
1973 151.98
1974 177.72
1975 209.37
1976 239.4
1977 267.63
1978 288.51
1979 310.05
1980 346
1981 385.12
1982 422.03
1983 457.34
1984 489.66
1985 515.1
1986 530.21
1987 552.02
1988 580.1
1989 618.34
1990 656.37
1991 684.66
1992 704.64
1993 720.08
1994 727.92
1995 733.68
1996 738.29
1997 747.1
1998 757.55
1999 766.36
2000 789.67
2001 810.03
2002 822.76
2003 829.98
2004 831.53
2005 836.72
2006 849.83
2007 871.17
2008 906.59
2009 906.59
2010 917.32
2011 948.67
2012 975.31
2013 989.73
2014 1,000.03
2015 997.95
2016 1,001.51
2017 1,009.06
2018 1,020
2019 1,030.44
2020 1,033.44
2021 1,056.12
2022-08 1,138.02
Today 1,145.38

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: