Value of 1968 Euro (Finland) today

€100 in 1968
€969 in 2022

The inflation rate in Finland between 1968 and today has been 869%, which translates into a total increase of €869. This means that 100 euro in 1968 are equivalent to 969 euro in 2022. In other words, the purchasing power of €100 in 1968 equals €969 today. The average annual inflation rate between these periods has been 4.3%.

Inflation timeline in Finland (1968 - 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 1968-2021 817.85%
Cumulative inflation 1968-today 869%
Avg. Annual inflation 1968-2021 4.27%
CPI 1968 11.53
CPI 2021 105.82
CPI 2022-04 (latest official data) 111.3
CPI today 111.72

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 1968 and 2021, use the corresponding CPI values:

Value2021
=Value1968 ×
CPI2021/CPI1968
=€ 100 ×
105.82/11.53
€917.85

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 111.72:

Valuetoday
=Value1968 ×
CPItoday/CPI1968
=€ 100 ×
111.72/11.53
€969

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 53 years between 1968 and 2021 and the average inflation rate was 4.2715%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.042715)53
€917.85

Finland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1968 €9.18 euro in 2021
€5 euro in 1968 €45.89 euro in 2021
€10 euro in 1968 €91.79 euro in 2021
€50 euro in 1968 €458.93 euro in 2021
€100 euro in 1968 €917.85 euro in 2021
€500 euro in 1968 €4,589.27 euro in 2021
€1,000 euro in 1968 €9,178.54 euro in 2021
€5,000 euro in 1968 €45,892.72 euro in 2021
€10,000 euro in 1968 €91,785.45 euro in 2021
€50,000 euro in 1968 €458,927.25 euro in 2021
€100,000 euro in 1968 €917,854.5 euro in 2021
€500,000 euro in 1968 €4,589,272.49 euro in 2021
€1,000,000 euro in 1968 €9,178,544.97 euro in 2021
Cumulative inflation From 1968 869%
Avg. annual inflation From 1968 4.3%
CPI 1968 11.53
CPI today 111.72

Value of Euro over time (by year)

Period Value
1968 100
1969 102.21
1970 105.01
1971 111.81
1972 119.26
1973 132.08
1974 154.45
1975 181.96
1976 208.06
1977 232.6
1978 250.74
1979 269.46
1980 300.7
1981 334.7
1982 366.78
1983 397.46
1984 425.56
1985 447.67
1986 460.8
1987 479.75
1988 504.15
1989 537.39
1990 570.44
1991 595.02
1992 612.39
1993 625.81
1994 632.62
1995 637.63
1996 641.64
1997 649.29
1998 658.38
1999 666.03
2000 686.29
2001 703.99
2002 715.05
2003 721.32
2004 722.67
2005 727.18
2006 738.57
2007 757.12
2008 787.9
2009 787.9
2010 797.23
2011 824.47
2012 847.62
2013 860.15
2014 869.11
2015 867.3
2016 870.4
2017 876.96
2018 886.46
2019 895.54
2020 898.14
2021 917.85
2022-04 965.36
Today 969

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: