Value of 1973 Euro (Finland) today

€100 in 1973

€725.24 in 2018

The inflation rate in Finland between 1973 and today has been 625.24%, which translates into a total increase of €625.24. This means that 100 euro in 1973 are equivalent to 725.24 euro in 2018. In other words, the purchasing power of €100 in 1973 equals €725.24 today. The average annual inflation rate has been 4.4%.

Inflation timeline in Finland (1973-2018)

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 (1973-2018) 615.79%
Total Inflation* 625.24%
Annual inflation avg. (1973-2018) 4.47%
Annual inflation avg.* 4.4%
CPI 1973 14.18
CPI 2018 101.51
CPI today* 102.85
€1 in 1973 €7.16 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 45 years between 1973 and 2018 and the average inflation rate has been 4.4013%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.04)45 = €715.79

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 1973 was 14.18 and the CPI today is 102.85. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
101.51/14.18
= €715.79

Finland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1973 €7.25 euro today
€5 euro in 1973 €36.26 euro today
€10 euro in 1973 €72.52 euro today
€50 euro in 1973 €362.62 euro today
€100 euro in 1973 €725.24 euro today
€500 euro in 1973 €3,626.19 euro today
€1,000 euro in 1973 €7,252.38 euro today
€5,000 euro in 1973 €36,261.89 euro today
€10,000 euro in 1973 €72,523.79 euro today
€50,000 euro in 1973 €362,618.93 euro today
€100,000 euro in 1973 €725,237.85 euro today
€500,000 euro in 1973 €3,626,189.27 euro today
€1,000,000 euro in 1973 €7,252,378.55 euro today

Value of Euro in time (by year)

Period Value
1973 100
1974 114.06
1975 133.37
1976 157.52
1977 176.92
1978 196.08
1979 208.74
1980 226.71
1981 257.91
1982 281.67
1983 306.71
1984 332.84
1985 353.25
1986 367.62
1987 378.53
1988 394.55
1989 420.03
1990 447.58
1991 470.13
1992 489.56
1993 500.93
1994 508.58
1995 516.88
1996 516.7
1997 521.72
1998 531.57
1999 535.93
2000 546.82
2001 563.32
2002 573.37
2003 582.85
2004 586.37
2005 588.88
2006 592.37
2007 605.37
2008 621.34
2009 642.62
2010 639.07
2011 657.3
2012 676.36
2013 692.3
2014 703.45
2015 706.76
2016 705.07
2017 712.33
2018 715.79
Today 725.24