Value of 1970 Euro (Finland) today

€100 in 1970
€922.8 in 2022

The inflation rate in Finland between 1970 and today has been 822.8%, which translates into a total increase of €822.8. This means that 100 euro in 1970 are equivalent to 922.8 euro in 2022. In other words, the purchasing power of €100 in 1970 equals €922.8 today. The average annual inflation rate between these periods has been 4.37%.

Inflation timeline in Finland (1970 - 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 1970-2021 774.09%
Cumulative inflation 1970-today 822.8%
Avg. Annual inflation 1970-2021 4.34%
CPI 1970 12.11
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 1970 and 2021, use the corresponding CPI values:

Value2021
=Value1970 ×
CPI2021/CPI1970
=€ 100 ×
105.82/12.11
€874.09

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

Valuetoday
=Value1970 ×
CPItoday/CPI1970
=€ 100 ×
111.72/12.11
€922.8

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 51 years between 1970 and 2021 and the average inflation rate was 4.3427%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.043427)51
€874.09

Finland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1970 €8.74 euro in 2021
€5 euro in 1970 €43.7 euro in 2021
€10 euro in 1970 €87.41 euro in 2021
€50 euro in 1970 €437.05 euro in 2021
€100 euro in 1970 €874.09 euro in 2021
€500 euro in 1970 €4,370.47 euro in 2021
€1,000 euro in 1970 €8,740.93 euro in 2021
€5,000 euro in 1970 €43,704.65 euro in 2021
€10,000 euro in 1970 €87,409.31 euro in 2021
€50,000 euro in 1970 €437,046.53 euro in 2021
€100,000 euro in 1970 €874,093.06 euro in 2021
€500,000 euro in 1970 €4,370,465.3 euro in 2021
€1,000,000 euro in 1970 €8,740,930.6 euro in 2021
Cumulative inflation From 1970 822.8%
Avg. annual inflation From 1970 4.37%
CPI 1970 12.11
CPI today 111.72

Value of Euro over time (by year)

Period Value
1970 100
1971 106.48
1972 113.57
1973 125.78
1974 147.09
1975 173.28
1976 198.14
1977 221.51
1978 238.78
1979 256.61
1980 286.36
1981 318.74
1982 349.29
1983 378.51
1984 405.27
1985 426.32
1986 438.83
1987 456.88
1988 480.11
1989 511.77
1990 543.24
1991 566.65
1992 583.2
1993 595.97
1994 602.46
1995 607.23
1996 611.05
1997 618.33
1998 626.99
1999 634.28
2000 653.57
2001 670.42
2002 680.96
2003 686.93
2004 688.22
2005 692.51
2006 703.36
2007 721.02
2008 750.33
2009 750.33
2010 759.22
2011 785.16
2012 807.21
2013 819.14
2014 827.67
2015 825.95
2016 828.9
2017 835.15
2018 844.2
2019 852.84
2020 855.32
2021 874.09
2022-04 919.33
Today 922.8

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: