Value of 1980 Euro (Finland) today

€100 in 1980

€319.9 in 2018

The inflation rate in Finland between 1980 and today has been 219.9%, which translates into a total increase of €219.9. This means that 100 euro in 1980 are equivalent to 319.9 euro in 2018. In other words, the purchasing power of €100 in 1980 equals €319.9 today. The average annual inflation rate has been 3.03%.

Inflation timeline in Finland (1980-2018)

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 (1980-2018) 215.73%
Total Inflation* 219.9%
Annual inflation avg. (1980-2018) 3.07%
Annual inflation avg.* 3.03%
CPI 1980 32.15
CPI 2018 101.51
CPI today* 102.85
€1 in 1980 €3.16 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 38 years between 1980 and 2018 and the average inflation rate has been 3.0265%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.03)38 = €315.73

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 1980 was 32.15 and the CPI today is 102.85. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
101.51/32.15
= €315.73

Finland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1980 €3.2 euro today
€5 euro in 1980 €16 euro today
€10 euro in 1980 €31.99 euro today
€50 euro in 1980 €159.95 euro today
€100 euro in 1980 €319.9 euro today
€500 euro in 1980 €1,599.5 euro today
€1,000 euro in 1980 €3,199 euro today
€5,000 euro in 1980 €15,995.01 euro today
€10,000 euro in 1980 €31,990.02 euro today
€50,000 euro in 1980 €159,950.1 euro today
€100,000 euro in 1980 €319,900.21 euro today
€500,000 euro in 1980 €1,599,501.05 euro today
€1,000,000 euro in 1980 €3,199,002.1 euro today

Value of Euro in time (by year)

Period Value
1980 100
1981 113.76
1982 124.25
1983 135.29
1984 146.81
1985 155.82
1986 162.15
1987 166.97
1988 174.03
1989 185.27
1990 197.43
1991 207.37
1992 215.95
1993 220.96
1994 224.33
1995 227.99
1996 227.91
1997 230.13
1998 234.48
1999 236.4
2000 241.2
2001 248.48
2002 252.91
2003 257.09
2004 258.64
2005 259.75
2006 261.29
2007 267.03
2008 274.07
2009 283.46
2010 281.89
2011 289.93
2012 298.34
2013 305.37
2014 310.29
2015 311.75
2016 311
2017 314.21
2018 315.73
Today 319.9