Value of 1981 Euro (Finland) today

€100 in 1981
€317.56 in 2024

The inflation rate in Finland between 1981 and today has been 217.56%, which translates into a total increase of €217.56. This means that 100 euro in 1981 are equivalent to 317.56 euro in 2024. In other words, the purchasing power of €100 in 1981 equals €317.56 today. The average annual inflation rate between these periods has been 2.72%.

Inflation timeline in Finland (1981 - 2024)

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 1981-2023 212.13%
Cumulative inflation 1981-today 217.56%
Avg. Annual inflation 1981-2023 2.75%
CPI 1981 38.59
CPI 2023 120.45
CPI 2024-04 (latest official data) 122.39
CPI today 122.54

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 1981 and 2023, use the corresponding CPI values:

Value2023
=Value1981 ×
CPI2023/CPI1981
=€ 100 ×
120.45/38.59
€312.13

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 122.54:

Valuetoday
=Value1981 ×
CPItoday/CPI1981
=€ 100 ×
122.54/38.59
€317.56

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 1981 and 2023 and the average inflation rate was 2.7472%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.027472)42
€312.13

Finland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1981 €3.12 euro in 2023
€5 euro in 1981 €15.61 euro in 2023
€10 euro in 1981 €31.21 euro in 2023
€50 euro in 1981 €156.07 euro in 2023
€100 euro in 1981 €312.13 euro in 2023
€500 euro in 1981 €1,560.66 euro in 2023
€1,000 euro in 1981 €3,121.31 euro in 2023
€5,000 euro in 1981 €15,606.56 euro in 2023
€10,000 euro in 1981 €31,213.11 euro in 2023
€50,000 euro in 1981 €156,065.56 euro in 2023
€100,000 euro in 1981 €312,131.13 euro in 2023
€500,000 euro in 1981 €1,560,655.63 euro in 2023
€1,000,000 euro in 1981 €3,121,311.26 euro in 2023
Cumulative inflation From 1981 217.56%
Avg. annual inflation From 1981 2.72%
CPI 1981 38.59
CPI today 122.54

Value of Euro over time (by year)

Period Value
1981 100
1982 109.58
1983 118.75
1984 127.15
1985 133.75
1986 137.68
1987 143.34
1988 150.63
1989 160.56
1990 170.43
1991 177.78
1992 182.97
1993 186.98
1994 189.01
1995 190.51
1996 191.71
1997 193.99
1998 196.71
1999 198.99
2000 205.05
2001 210.33
2002 213.64
2003 215.51
2004 215.92
2005 217.26
2006 220.67
2007 226.21
2008 235.41
2009 235.41
2010 238.19
2011 246.33
2012 253.25
2013 256.99
2014 259.67
2015 259.13
2016 260.05
2017 262.01
2018 264.85
2019 267.57
2020 268.34
2021 274.23
2022 293.77
2023 312.13
2024-04 317.16
Today 317.56

All available years

Today's value of euro (Finland) by year:

1955 | 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 | 2022 | 2023 |

Other currencies: