Value of 1968 Euro (Finland) today

€100 in 1968

€927.68 in 2018

The inflation rate in Finland between 1968 and today has been 827.68%, which translates into a total increase of €827.68. This means that 100 euro in 1968 are equivalent to 927.68 euro in 2018. In other words, the purchasing power of €100 in 1968 equals €927.68 today. The average annual inflation rate has been 4.46%.

Inflation timeline in Finland (1968-2018)

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 (1968-2018) 815.59%
Total Inflation* 827.68%
Annual inflation avg. (1968-2018) 4.53%
Annual inflation avg.* 4.46%
CPI 1968 11.09
CPI 2018 101.51
CPI today* 102.85
€1 in 1968 €9.16 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 50 years between 1968 and 2018 and the average inflation rate has been 4.4645%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.04)50 = €915.59

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 1968 was 11.09 and the CPI today is 102.85. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
101.51/11.09
= €915.59

Finland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1968 €9.28 euro today
€5 euro in 1968 €46.38 euro today
€10 euro in 1968 €92.77 euro today
€50 euro in 1968 €463.84 euro today
€100 euro in 1968 €927.68 euro today
€500 euro in 1968 €4,638.41 euro today
€1,000 euro in 1968 €9,276.82 euro today
€5,000 euro in 1968 €46,384.08 euro today
€10,000 euro in 1968 €92,768.16 euro today
€50,000 euro in 1968 €463,840.78 euro today
€100,000 euro in 1968 €927,681.55 euro today
€500,000 euro in 1968 €4,638,407.76 euro today
€1,000,000 euro in 1968 €9,276,815.53 euro today

Value of Euro in time (by year)

Period Value
1968 100
1969 105.24
1970 107.05
1971 110.38
1972 120
1973 127.91
1974 145.9
1975 170.59
1976 201.49
1977 226.3
1978 250.81
1979 267.01
1980 289.99
1981 329.9
1982 360.3
1983 392.33
1984 425.75
1985 451.86
1986 470.23
1987 484.2
1988 504.68
1989 537.27
1990 572.52
1991 601.37
1992 626.22
1993 640.76
1994 650.55
1995 661.16
1996 660.93
1997 667.36
1998 679.96
1999 685.53
2000 699.45
2001 720.57
2002 733.42
2003 745.55
2004 750.05
2005 753.26
2006 757.72
2007 774.36
2008 794.78
2009 822
2010 817.46
2011 840.78
2012 865.16
2013 885.55
2014 899.81
2015 904.04
2016 901.88
2017 911.17
2018 915.59
Today 927.68