Value of 1978 Euro (Finland) today

€100 in 1978

€368.98 in 2018

The inflation rate in Finland between 1978 and today has been 268.98%, which translates into a total increase of €268.98. This means that 100 euro in 1978 are equivalent to 368.98 euro in 2018. In other words, the purchasing power of €100 in 1978 equals €368.98 today. The average annual inflation rate has been 3.24%.

Inflation timeline in Finland (1978-2018)

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 (1978-2018) 265.05%
Total Inflation* 268.98%
Annual inflation avg. (1978-2018) 3.29%
Annual inflation avg.* 3.24%
CPI 1978 27.81
CPI 2018 101.51
CPI today* 102.6
€1 in 1978 €3.65 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 40 years between 1978 and 2018 and the average inflation rate has been 3.2355%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.03)40 = €365.05

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 1978 was 27.81 and the CPI today is 102.6. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
101.51/27.81
= €365.05

Finland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1978 €3.69 euro today
€5 euro in 1978 €18.45 euro today
€10 euro in 1978 €36.9 euro today
€50 euro in 1978 €184.49 euro today
€100 euro in 1978 €368.98 euro today
€500 euro in 1978 €1,844.88 euro today
€1,000 euro in 1978 €3,689.75 euro today
€5,000 euro in 1978 €18,448.77 euro today
€10,000 euro in 1978 €36,897.54 euro today
€50,000 euro in 1978 €184,487.7 euro today
€100,000 euro in 1978 €368,975.41 euro today
€500,000 euro in 1978 €1,844,877.05 euro today
€1,000,000 euro in 1978 €3,689,754.1 euro today

Value of Euro in time (by year)

Period Value
1978 100
1979 106.46
1980 115.62
1981 131.53
1982 143.66
1983 156.42
1984 169.75
1985 180.16
1986 187.49
1987 193.05
1988 201.22
1989 214.22
1990 228.27
1991 239.77
1992 249.68
1993 255.48
1994 259.38
1995 263.61
1996 263.52
1997 266.08
1998 271.11
1999 273.33
2000 278.88
2001 287.3
2002 292.42
2003 297.26
2004 299.05
2005 300.33
2006 302.11
2007 308.74
2008 316.88
2009 327.74
2010 325.93
2011 335.23
2012 344.95
2013 353.08
2014 358.76
2015 360.45
2016 359.59
2017 363.29
2018 365.05
Today 368.98