Value of 1971 Euro (Finland) today

€100 in 1971
€866.27 in 2022

The inflation rate in Finland between 1971 and today has been 766.27%, which translates into a total increase of €766.27. This means that 100 euro in 1971 are equivalent to 866.27 euro in 2022. In other words, the purchasing power of €100 in 1971 equals €866.27 today. The average annual inflation rate between these periods has been 4.32%.

Inflation timeline in Finland (1971 - 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 1971-2021 720.93%
Cumulative inflation 1971-today 766.27%
Avg. Annual inflation 1971-2021 4.3%
CPI 1971 12.89
CPI 2021 105.82
CPI 2022-04 (latest official data) 111.3
CPI today 111.67

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 1971 and 2021, use the corresponding CPI values:

Value2021
=Value1971 ×
CPI2021/CPI1971
=€ 100 ×
105.82/12.89
€820.93

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 111.67:

Valuetoday
=Value1971 ×
CPItoday/CPI1971
=€ 100 ×
111.67/12.89
€866.27

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 50 years between 1971 and 2021 and the average inflation rate was 4.3004%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.043004)50
€820.93

Finland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1971 €8.21 euro in 2021
€5 euro in 1971 €41.05 euro in 2021
€10 euro in 1971 €82.09 euro in 2021
€50 euro in 1971 €410.47 euro in 2021
€100 euro in 1971 €820.93 euro in 2021
€500 euro in 1971 €4,104.66 euro in 2021
€1,000 euro in 1971 €8,209.31 euro in 2021
€5,000 euro in 1971 €41,046.57 euro in 2021
€10,000 euro in 1971 €82,093.13 euro in 2021
€50,000 euro in 1971 €410,465.66 euro in 2021
€100,000 euro in 1971 €820,931.31 euro in 2021
€500,000 euro in 1971 €4,104,656.56 euro in 2021
€1,000,000 euro in 1971 €8,209,313.11 euro in 2021
Cumulative inflation From 1971 766.27%
Avg. annual inflation From 1971 4.32%
CPI 1971 12.89
CPI today 111.67

Value of Euro over time (by year)

Period Value
1971 100
1972 106.66
1973 118.13
1974 138.14
1975 162.75
1976 186.09
1977 208.03
1978 224.26
1979 241
1980 268.95
1981 299.35
1982 328.05
1983 355.49
1984 380.62
1985 400.39
1986 412.14
1987 429.09
1988 450.91
1989 480.64
1990 510.2
1991 532.19
1992 547.73
1993 559.73
1994 565.82
1995 570.3
1996 573.88
1997 580.73
1998 588.86
1999 595.7
2000 613.82
2001 629.65
2002 639.54
2003 645.15
2004 646.36
2005 650.39
2006 660.58
2007 677.17
2008 704.7
2009 704.7
2010 713.04
2011 737.41
2012 758.12
2013 769.32
2014 777.33
2015 775.72
2016 778.49
2017 784.35
2018 792.86
2019 800.97
2020 803.3
2021 820.93
2022-04 863.42
Today 866.27

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: