Value of 1973 Euro (Finland) today

€100 in 1973
€733.3 in 2022

The inflation rate in Finland between 1973 and today has been 633.3%, which translates into a total increase of €633.3. This means that 100 euro in 1973 are equivalent to 733.3 euro in 2022. In other words, the purchasing power of €100 in 1973 equals €733.3 today. The average annual inflation rate between these periods has been 4.15%.

Inflation timeline in Finland (1973 - 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 1973-2021 594.92%
Cumulative inflation 1973-today 633.3%
Avg. Annual inflation 1973-2021 4.12%
CPI 1973 15.23
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 1973 and 2021, use the corresponding CPI values:

Value2021
=Value1973 ×
CPI2021/CPI1973
=€ 100 ×
105.82/15.23
€694.92

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

Valuetoday
=Value1973 ×
CPItoday/CPI1973
=€ 100 ×
111.67/15.23
€733.3

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 48 years between 1973 and 2021 and the average inflation rate was 4.1215%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.041215)48
€694.92

Finland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1973 €6.95 euro in 2021
€5 euro in 1973 €34.75 euro in 2021
€10 euro in 1973 €69.49 euro in 2021
€50 euro in 1973 €347.46 euro in 2021
€100 euro in 1973 €694.92 euro in 2021
€500 euro in 1973 €3,474.59 euro in 2021
€1,000 euro in 1973 €6,949.18 euro in 2021
€5,000 euro in 1973 €34,745.92 euro in 2021
€10,000 euro in 1973 €69,491.85 euro in 2021
€50,000 euro in 1973 €347,459.25 euro in 2021
€100,000 euro in 1973 €694,918.49 euro in 2021
€500,000 euro in 1973 €3,474,592.47 euro in 2021
€1,000,000 euro in 1973 €6,949,184.93 euro in 2021
Cumulative inflation From 1973 633.3%
Avg. annual inflation From 1973 4.15%
CPI 1973 15.23
CPI today 111.67

Value of Euro over time (by year)

Period Value
1973 100
1974 116.94
1975 137.76
1976 157.52
1977 176.1
1978 189.84
1979 204.01
1980 227.66
1981 253.4
1982 277.69
1983 300.93
1984 322.19
1985 338.93
1986 348.88
1987 363.23
1988 381.7
1989 406.86
1990 431.88
1991 450.5
1992 463.65
1993 473.81
1994 478.97
1995 482.76
1996 485.79
1997 491.59
1998 498.47
1999 504.26
2000 519.6
2001 533
2002 541.37
2003 546.12
2004 547.14
2005 550.56
2006 559.18
2007 573.22
2008 596.53
2009 596.53
2010 603.59
2011 624.22
2012 641.75
2013 651.23
2014 658.01
2015 656.65
2016 658.99
2017 663.96
2018 671.15
2019 678.03
2020 680
2021 694.92
2022-04 730.88
Today 733.3

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: