Value of 1966 Euro (Finland) today

€100 in 1966

€1,047.39 in 2018

The inflation rate in Finland between 1966 and today has been 947.39%, which translates into a total increase of €947.39. This means that 100 euro in 1966 are equivalent to 1,047.39 euro in 2018. In other words, the purchasing power of €100 in 1966 equals €1,047.39 today. The average annual inflation rate has been 4.53%.

Inflation timeline in Finland (1966-2018)

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 (1966-2018) 936.26%
Total Inflation* 947.39%
Annual inflation avg. (1966-2018) 4.6%
Annual inflation avg.* 4.53%
CPI 1966 9.8
CPI 2018 101.51
CPI today* 102.6
€1 in 1966 €10.36 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 52 years between 1966 and 2018 and the average inflation rate has been 4.5315%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.05)52 = €1,036.26

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 1966 was 9.8 and the CPI today is 102.6. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
101.51/9.8
= €1,036.26

Finland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1966 €10.47 euro today
€5 euro in 1966 €52.37 euro today
€10 euro in 1966 €104.74 euro today
€50 euro in 1966 €523.69 euro today
€100 euro in 1966 €1,047.39 euro today
€500 euro in 1966 €5,236.94 euro today
€1,000 euro in 1966 €10,473.88 euro today
€5,000 euro in 1966 €52,369.4 euro today
€10,000 euro in 1966 €104,738.8 euro today
€50,000 euro in 1966 €523,694.01 euro today
€100,000 euro in 1966 €1,047,388.01 euro today
€500,000 euro in 1966 €5,236,940.06 euro today
€1,000,000 euro in 1966 €10,473,880.12 euro today

Value of Euro in time (by year)

Period Value
1966 100
1967 104.93
1968 113.18
1969 119.11
1970 121.16
1971 124.93
1972 135.81
1973 144.77
1974 165.13
1975 193.08
1976 228.04
1977 256.12
1978 283.86
1979 302.2
1980 328.21
1981 373.38
1982 407.79
1983 444.03
1984 481.86
1985 511.41
1986 532.2
1987 548.01
1988 571.2
1989 608.08
1990 647.97
1991 680.62
1992 708.75
1993 725.2
1994 736.28
1995 748.3
1996 748.03
1997 755.31
1998 769.57
1999 775.88
2000 791.64
2001 815.53
2002 830.07
2003 843.81
2004 848.9
2005 852.53
2006 857.58
2007 876.41
2008 899.52
2009 930.33
2010 925.2
2011 951.59
2012 979.18
2013 1,002.26
2014 1,018.4
2015 1,023.18
2016 1,020.74
2017 1,031.26
2018 1,036.26
Today 1,047.39