Value of 1979 Euro (Finland) today

€100 in 1979
€369.42 in 2022

The inflation rate in Finland between 1979 and today has been 269.42%, which translates into a total increase of €269.42. This means that 100 euro in 1979 are equivalent to 369.42 euro in 2022. In other words, the purchasing power of €100 in 1979 equals €369.42 today. The average annual inflation rate between these periods has been 3.09%.

Inflation timeline in Finland (1979 - 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 1979-2021 240.63%
Cumulative inflation 1979-today 269.42%
Avg. Annual inflation 1979-2021 2.96%
CPI 1979 31.07
CPI 2021 105.82
CPI 2022-08 (latest official data) 114.03
CPI today 114.77

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 1979 and 2021, use the corresponding CPI values:

Value2021
=Value1979 ×
CPI2021/CPI1979
=€ 100 ×
105.82/31.07
€340.63

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 114.77:

Valuetoday
=Value1979 ×
CPItoday/CPI1979
=€ 100 ×
114.77/31.07
€369.42

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 42 years between 1979 and 2021 and the average inflation rate was 2.9611%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.029611)42
€340.63

Finland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1979 €3.41 euro in 2021
€5 euro in 1979 €17.03 euro in 2021
€10 euro in 1979 €34.06 euro in 2021
€50 euro in 1979 €170.31 euro in 2021
€100 euro in 1979 €340.63 euro in 2021
€500 euro in 1979 €1,703.14 euro in 2021
€1,000 euro in 1979 €3,406.29 euro in 2021
€5,000 euro in 1979 €17,031.44 euro in 2021
€10,000 euro in 1979 €34,062.88 euro in 2021
€50,000 euro in 1979 €170,314.42 euro in 2021
€100,000 euro in 1979 €340,628.85 euro in 2021
€500,000 euro in 1979 €1,703,144.23 euro in 2021
€1,000,000 euro in 1979 €3,406,288.47 euro in 2021
Cumulative inflation From 1979 269.42%
Avg. annual inflation From 1979 3.09%
CPI 1979 31.07
CPI today 114.77

Value of Euro over time (by year)

Period Value
1979 100
1980 111.59
1981 124.21
1982 136.12
1983 147.5
1984 157.93
1985 166.14
1986 171.01
1987 178.04
1988 187.1
1989 199.43
1990 211.7
1991 220.82
1992 227.27
1993 232.25
1994 234.78
1995 236.63
1996 238.12
1997 240.96
1998 244.33
1999 247.17
2000 254.69
2001 261.26
2002 265.36
2003 267.69
2004 268.19
2005 269.87
2006 274.1
2007 280.98
2008 292.4
2009 292.4
2010 295.86
2011 305.97
2012 314.57
2013 319.22
2014 322.54
2015 321.87
2016 323.02
2017 325.45
2018 328.98
2019 332.35
2020 333.31
2021 340.63
2022-08 367.04
Today 369.42

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: