Value of 1977 Euro (Finland) today

€100 in 1977

€408.94 in 2018

The inflation rate in Finland between 1977 and today has been 308.94%, which translates into a total increase of €308.94. This means that 100 euro in 1977 are equivalent to 408.94 euro in 2018. In other words, the purchasing power of €100 in 1977 equals €408.94 today. The average annual inflation rate has been 3.41%.

Inflation timeline in Finland (1977-2018)

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 (1977-2018) 304.59%
Total Inflation* 308.94%
Annual inflation avg. (1977-2018) 3.47%
Annual inflation avg.* 3.41%
CPI 1977 25.09
CPI 2018 101.51
CPI today* 102.6
€1 in 1977 €4.05 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 41 years between 1977 and 2018 and the average inflation rate has been 3.4102%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.03)41 = €404.59

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 1977 was 25.09 and the CPI today is 102.6. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
101.51/25.09
= €404.59

Finland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1977 €4.09 euro today
€5 euro in 1977 €20.45 euro today
€10 euro in 1977 €40.89 euro today
€50 euro in 1977 €204.47 euro today
€100 euro in 1977 €408.94 euro today
€500 euro in 1977 €2,044.69 euro today
€1,000 euro in 1977 €4,089.37 euro today
€5,000 euro in 1977 €20,446.87 euro today
€10,000 euro in 1977 €40,893.75 euro today
€50,000 euro in 1977 €204,468.74 euro today
€100,000 euro in 1977 €408,937.48 euro today
€500,000 euro in 1977 €2,044,687.4 euro today
€1,000,000 euro in 1977 €4,089,374.8 euro today

Value of Euro in time (by year)

Period Value
1977 100
1978 110.83
1979 117.99
1980 128.14
1981 145.78
1982 159.21
1983 173.37
1984 188.13
1985 199.67
1986 207.79
1987 213.96
1988 223.02
1989 237.42
1990 252.99
1991 265.74
1992 276.72
1993 283.14
1994 287.47
1995 292.16
1996 292.06
1997 294.9
1998 300.47
1999 302.93
2000 309.08
2001 318.41
2002 324.09
2003 329.45
2004 331.44
2005 332.86
2006 334.83
2007 342.18
2008 351.21
2009 363.23
2010 361.23
2011 371.53
2012 382.3
2013 391.32
2014 397.62
2015 399.49
2016 398.53
2017 402.64
2018 404.59
Today 408.94