Value of 1977 Euro (Finland) today

€100 in 1977
€429.14 in 2022

The inflation rate in Finland between 1977 and today has been 329.14%, which translates into a total increase of €329.14. This means that 100 euro in 1977 are equivalent to 429.14 euro in 2022. In other words, the purchasing power of €100 in 1977 equals €429.14 today. The average annual inflation rate between these periods has been 3.29%.

Inflation timeline in Finland (1977 - 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 1977-2021 294.61%
Cumulative inflation 1977-today 329.14%
Avg. Annual inflation 1977-2021 3.17%
CPI 1977 26.82
CPI 2021 105.82
CPI 2022-07 (latest official data) 113.94
CPI today 115.08

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 1977 and 2021, use the corresponding CPI values:

Value2021
=Value1977 ×
CPI2021/CPI1977
=€ 100 ×
105.82/26.82
€394.61

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 115.08:

Valuetoday
=Value1977 ×
CPItoday/CPI1977
=€ 100 ×
115.08/26.82
€429.14

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 44 years between 1977 and 2021 and the average inflation rate was 3.169%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.03169)44
€394.61

Finland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1977 €3.95 euro in 2021
€5 euro in 1977 €19.73 euro in 2021
€10 euro in 1977 €39.46 euro in 2021
€50 euro in 1977 €197.31 euro in 2021
€100 euro in 1977 €394.61 euro in 2021
€500 euro in 1977 €1,973.07 euro in 2021
€1,000 euro in 1977 €3,946.14 euro in 2021
€5,000 euro in 1977 €19,730.7 euro in 2021
€10,000 euro in 1977 €39,461.41 euro in 2021
€50,000 euro in 1977 €197,307.04 euro in 2021
€100,000 euro in 1977 €394,614.07 euro in 2021
€500,000 euro in 1977 €1,973,070.35 euro in 2021
€1,000,000 euro in 1977 €3,946,140.7 euro in 2021
Cumulative inflation From 1977 329.14%
Avg. annual inflation From 1977 3.29%
CPI 1977 26.82
CPI today 115.08

Value of Euro over time (by year)

Period Value
1977 100
1978 107.8
1979 115.85
1980 129.28
1981 143.9
1982 157.69
1983 170.88
1984 182.96
1985 192.47
1986 198.11
1987 206.26
1988 216.75
1989 231.04
1990 245.25
1991 255.82
1992 263.29
1993 269.06
1994 271.98
1995 274.14
1996 275.86
1997 279.15
1998 283.06
1999 286.35
2000 295.06
2001 302.67
2002 307.42
2003 310.12
2004 310.7
2005 312.64
2006 317.54
2007 325.51
2008 338.74
2009 338.74
2010 342.75
2011 354.47
2012 364.42
2013 369.81
2014 373.66
2015 372.88
2016 374.21
2017 377.03
2018 381.12
2019 385.02
2020 386.14
2021 394.61
2022-07 424.88
Today 429.14

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: