Value of 1970 Euro (Finland) today

€100 in 1970

€864.5 in 2018

The inflation rate in Finland between 1970 and today has been 764.5%, which translates into a total increase of €764.5. This means that 100 euro in 1970 are equivalent to 864.5 euro in 2018. In other words, the purchasing power of €100 in 1970 equals €864.5 today. The average annual inflation rate has been 4.5%.

Inflation timeline in Finland (1970-2018)

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 (1970-2018) 755.31%
Total Inflation* 764.5%
Annual inflation avg. (1970-2018) 4.57%
Annual inflation avg.* 4.5%
CPI 1970 11.87
CPI 2018 101.51
CPI today* 102.6
€1 in 1970 €8.55 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 48 years between 1970 and 2018 and the average inflation rate has been 4.5003%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.05)48 = €855.31

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 1970 was 11.87 and the CPI today is 102.6. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
101.51/11.87
= €855.31

Finland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1970 €8.64 euro today
€5 euro in 1970 €43.22 euro today
€10 euro in 1970 €86.45 euro today
€50 euro in 1970 €432.25 euro today
€100 euro in 1970 €864.5 euro today
€500 euro in 1970 €4,322.49 euro today
€1,000 euro in 1970 €8,644.99 euro today
€5,000 euro in 1970 €43,224.93 euro today
€10,000 euro in 1970 €86,449.85 euro today
€50,000 euro in 1970 €432,249.27 euro today
€100,000 euro in 1970 €864,498.53 euro today
€500,000 euro in 1970 €4,322,492.65 euro today
€1,000,000 euro in 1970 €8,644,985.3 euro today

Value of Euro in time (by year)

Period Value
1970 100
1971 103.11
1972 112.1
1973 119.49
1974 136.3
1975 159.36
1976 188.22
1977 211.4
1978 234.3
1979 249.43
1980 270.9
1981 308.18
1982 336.58
1983 366.5
1984 397.72
1985 422.11
1986 439.27
1987 452.32
1988 471.46
1989 501.9
1990 534.83
1991 561.77
1992 584.99
1993 598.57
1994 607.72
1995 617.64
1996 617.41
1997 623.42
1998 635.19
1999 640.4
2000 653.4
2001 673.13
2002 685.13
2003 696.47
2004 700.67
2005 703.67
2006 707.84
2007 723.38
2008 742.45
2009 767.88
2010 763.64
2011 785.43
2012 808.2
2013 827.25
2014 840.57
2015 844.52
2016 842.5
2017 851.18
2018 855.31
Today 864.5