Value of 1974 Euro (Finland) today

€100 in 1974
€627.38 in 2022

The inflation rate in Finland between 1974 and today has been 527.38%, which translates into a total increase of €527.38. This means that 100 euro in 1974 are equivalent to 627.38 euro in 2022. In other words, the purchasing power of €100 in 1974 equals €627.38 today. The average annual inflation rate between these periods has been 3.9%.

Inflation timeline in Finland (1974 - 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 1974-2021 494.27%
Cumulative inflation 1974-today 527.38%
Avg. Annual inflation 1974-2021 3.86%
CPI 1974 17.81
CPI 2021 105.82
CPI 2022-04 (latest official data) 111.3
CPI today 111.72

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 1974 and 2021, use the corresponding CPI values:

Value2021
=Value1974 ×
CPI2021/CPI1974
=€ 100 ×
105.82/17.81
€594.27

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 111.72:

Valuetoday
=Value1974 ×
CPItoday/CPI1974
=€ 100 ×
111.72/17.81
€627.38

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 47 years between 1974 and 2021 and the average inflation rate was 3.8646%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.038646)47
€594.27

Finland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1974 €5.94 euro in 2021
€5 euro in 1974 €29.71 euro in 2021
€10 euro in 1974 €59.43 euro in 2021
€50 euro in 1974 €297.14 euro in 2021
€100 euro in 1974 €594.27 euro in 2021
€500 euro in 1974 €2,971.35 euro in 2021
€1,000 euro in 1974 €5,942.71 euro in 2021
€5,000 euro in 1974 €29,713.53 euro in 2021
€10,000 euro in 1974 €59,427.05 euro in 2021
€50,000 euro in 1974 €297,135.27 euro in 2021
€100,000 euro in 1974 €594,270.54 euro in 2021
€500,000 euro in 1974 €2,971,352.7 euro in 2021
€1,000,000 euro in 1974 €5,942,705.39 euro in 2021
Cumulative inflation From 1974 527.38%
Avg. annual inflation From 1974 3.9%
CPI 1974 17.81
CPI today 111.72

Value of Euro over time (by year)

Period Value
1974 100
1975 117.81
1976 134.71
1977 150.6
1978 162.34
1979 174.46
1980 194.69
1981 216.7
1982 237.47
1983 257.34
1984 275.53
1985 289.84
1986 298.35
1987 310.62
1988 326.42
1989 347.94
1990 369.33
1991 385.25
1992 396.5
1993 405.18
1994 409.6
1995 412.84
1996 415.43
1997 420.39
1998 426.27
1999 431.23
2000 444.34
2001 455.8
2002 462.96
2003 467.02
2004 467.9
2005 470.82
2006 478.19
2007 490.2
2008 510.13
2009 510.13
2010 516.17
2011 533.81
2012 548.8
2013 556.91
2014 562.71
2015 561.54
2016 563.54
2017 567.79
2018 573.95
2019 579.82
2020 581.51
2021 594.27
2022-04 625.03
Today 627.38

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: