Value of 1979 Euro (Finland) today

€100 in 1979

€346.58 in 2018

The inflation rate in Finland between 1979 and today has been 246.58%, which translates into a total increase of €246.58. This means that 100 euro in 1979 are equivalent to 346.58 euro in 2018. In other words, the purchasing power of €100 in 1979 equals €346.58 today. The average annual inflation rate has been 3.16%.

Inflation timeline in Finland (1979-2018)

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 (1979-2018) 242.9%
Total Inflation* 246.58%
Annual inflation avg. (1979-2018) 3.21%
Annual inflation avg.* 3.16%
CPI 1979 29.6
CPI 2018 101.51
CPI today* 102.6
€1 in 1979 €3.43 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 39 years between 1979 and 2018 and the average inflation rate has been 3.1562%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.03)39 = €342.9

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 1979 was 29.6 and the CPI today is 102.6. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
101.51/29.6
= €342.9

Finland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1979 €3.47 euro today
€5 euro in 1979 €17.33 euro today
€10 euro in 1979 €34.66 euro today
€50 euro in 1979 €173.29 euro today
€100 euro in 1979 €346.58 euro today
€500 euro in 1979 €1,732.91 euro today
€1,000 euro in 1979 €3,465.83 euro today
€5,000 euro in 1979 €17,329.15 euro today
€10,000 euro in 1979 €34,658.29 euro today
€50,000 euro in 1979 €173,291.46 euro today
€100,000 euro in 1979 €346,582.92 euro today
€500,000 euro in 1979 €1,732,914.6 euro today
€1,000,000 euro in 1979 €3,465,829.2 euro today

Value of Euro in time (by year)

Period Value
1979 100
1980 108.61
1981 123.55
1982 134.94
1983 146.93
1984 159.45
1985 169.23
1986 176.11
1987 181.34
1988 189.01
1989 201.22
1990 214.42
1991 225.22
1992 234.53
1993 239.97
1994 243.64
1995 247.61
1996 247.53
1997 249.93
1998 254.65
1999 256.74
2000 261.95
2001 269.86
2002 274.67
2003 279.22
2004 280.9
2005 282.1
2006 283.78
2007 290.01
2008 297.65
2009 307.85
2010 306.15
2011 314.88
2012 324.01
2013 331.65
2014 336.99
2015 338.57
2016 337.77
2017 341.24
2018 342.9
Today 346.58