Value of 1978 Euro (Finland) today

€100 in 1978
€403.24 in 2022

The inflation rate in Finland between 1978 and today has been 303.24%, which translates into a total increase of €303.24. This means that 100 euro in 1978 are equivalent to 403.24 euro in 2022. In other words, the purchasing power of €100 in 1978 equals €403.24 today. The average annual inflation rate between these periods has been 3.22%.

Inflation timeline in Finland (1978 - 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 1978-2021 266.06%
Cumulative inflation 1978-today 303.24%
Avg. Annual inflation 1978-2021 3.06%
CPI 1978 28.91
CPI 2021 105.82
CPI 2022-10 (latest official data) 115.99
CPI today 116.57

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 1978 and 2021, use the corresponding CPI values:

Value2021
=Value1978 ×
CPI2021/CPI1978
=€ 100 ×
105.82/28.91
€366.06

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 116.57:

Valuetoday
=Value1978 ×
CPItoday/CPI1978
=€ 100 ×
116.57/28.91
€403.24

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 43 years between 1978 and 2021 and the average inflation rate was 3.0638%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.030638)43
€366.06

Finland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1978 €3.66 euro in 2021
€5 euro in 1978 €18.3 euro in 2021
€10 euro in 1978 €36.61 euro in 2021
€50 euro in 1978 €183.03 euro in 2021
€100 euro in 1978 €366.06 euro in 2021
€500 euro in 1978 €1,830.32 euro in 2021
€1,000 euro in 1978 €3,660.63 euro in 2021
€5,000 euro in 1978 €18,303.17 euro in 2021
€10,000 euro in 1978 €36,606.34 euro in 2021
€50,000 euro in 1978 €183,031.71 euro in 2021
€100,000 euro in 1978 €366,063.43 euro in 2021
€500,000 euro in 1978 €1,830,317.15 euro in 2021
€1,000,000 euro in 1978 €3,660,634.29 euro in 2021
Cumulative inflation From 1978 303.24%
Avg. annual inflation From 1978 3.22%
CPI 1978 28.91
CPI today 116.57

Value of Euro over time (by year)

Period Value
1978 100
1979 107.47
1980 119.93
1981 133.49
1982 146.28
1983 158.52
1984 169.72
1985 178.54
1986 183.78
1987 191.34
1988 201.07
1989 214.32
1990 227.5
1991 237.31
1992 244.24
1993 249.59
1994 252.31
1995 254.3
1996 255.9
1997 258.95
1998 262.58
1999 265.63
2000 273.71
2001 280.77
2002 285.18
2003 287.68
2004 288.22
2005 290.02
2006 294.56
2007 301.96
2008 314.23
2009 314.23
2010 317.96
2011 328.82
2012 338.05
2013 343.05
2014 346.62
2015 345.9
2016 347.14
2017 349.75
2018 353.54
2019 357.16
2020 358.2
2021 366.06
2022-10 401.23
Today 403.24

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: