Value of 1974 Euro (Finland) today

€100 in 1974

€634.27 in 2018

The inflation rate in Finland between 1974 and today has been 534.27%, which translates into a total increase of €534.27. This means that 100 euro in 1974 are equivalent to 634.27 euro in 2018. In other words, the purchasing power of €100 in 1974 equals €634.27 today. The average annual inflation rate has been 4.19%.

Inflation timeline in Finland (1974-2018)

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 (1974-2018) 527.53%
Total Inflation* 534.27%
Annual inflation avg. (1974-2018) 4.26%
Annual inflation avg.* 4.19%
CPI 1974 16.18
CPI 2018 101.51
CPI today* 102.6
€1 in 1974 €6.28 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 44 years between 1974 and 2018 and the average inflation rate has been 4.1905%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.04)44 = €627.53

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 1974 was 16.18 and the CPI today is 102.6. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
101.51/16.18
= €627.53

Finland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1974 €6.34 euro today
€5 euro in 1974 €31.71 euro today
€10 euro in 1974 €63.43 euro today
€50 euro in 1974 €317.14 euro today
€100 euro in 1974 €634.27 euro today
€500 euro in 1974 €3,171.35 euro today
€1,000 euro in 1974 €6,342.7 euro today
€5,000 euro in 1974 €31,713.52 euro today
€10,000 euro in 1974 €63,427.03 euro today
€50,000 euro in 1974 €317,135.16 euro today
€100,000 euro in 1974 €634,270.32 euro today
€500,000 euro in 1974 €3,171,351.6 euro today
€1,000,000 euro in 1974 €6,342,703.2 euro today

Value of Euro in time (by year)

Period Value
1974 100
1975 116.92
1976 138.1
1977 155.1
1978 171.9
1979 183.01
1980 198.75
1981 226.11
1982 246.94
1983 268.89
1984 291.8
1985 309.69
1986 322.29
1987 331.86
1988 345.9
1989 368.24
1990 392.39
1991 412.17
1992 429.2
1993 439.16
1994 445.87
1995 453.15
1996 452.99
1997 457.4
1998 466.03
1999 469.85
2000 479.39
2001 493.87
2002 502.67
2003 510.99
2004 514.07
2005 516.27
2006 519.33
2007 530.73
2008 544.73
2009 563.38
2010 560.27
2011 576.26
2012 592.96
2013 606.94
2014 616.72
2015 619.61
2016 618.13
2017 624.5
2018 627.53
Today 634.27