Value of 1981 Euro (Finland) today

€100 in 1981

€280.52 in 2018

The inflation rate in Finland between 1981 and today has been 180.52%, which translates into a total increase of €180.52. This means that 100 euro in 1981 are equivalent to 280.52 euro in 2018. In other words, the purchasing power of €100 in 1981 equals €280.52 today. The average annual inflation rate has been 2.75%.

Inflation timeline in Finland (1981-2018)

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 (1981-2018) 177.54%
Total Inflation* 180.52%
Annual inflation avg. (1981-2018) 2.8%
Annual inflation avg.* 2.75%
CPI 1981 36.58
CPI 2018 101.51
CPI today* 102.6
€1 in 1981 €2.78 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 37 years between 1981 and 2018 and the average inflation rate has been 2.7516%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.03)37 = €277.54

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 1981 was 36.58 and the CPI today is 102.6. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
101.51/36.58
= €277.54

Finland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1981 €2.81 euro today
€5 euro in 1981 €14.03 euro today
€10 euro in 1981 €28.05 euro today
€50 euro in 1981 €140.26 euro today
€100 euro in 1981 €280.52 euro today
€500 euro in 1981 €1,402.59 euro today
€1,000 euro in 1981 €2,805.19 euro today
€5,000 euro in 1981 €14,025.93 euro today
€10,000 euro in 1981 €28,051.87 euro today
€50,000 euro in 1981 €140,259.35 euro today
€100,000 euro in 1981 €280,518.69 euro today
€500,000 euro in 1981 €1,402,593.45 euro today
€1,000,000 euro in 1981 €2,805,186.9 euro today

Value of Euro in time (by year)

Period Value
1981 100
1982 109.22
1983 118.92
1984 129.05
1985 136.97
1986 142.54
1987 146.77
1988 152.98
1989 162.86
1990 173.54
1991 182.29
1992 189.82
1993 194.23
1994 197.2
1995 200.41
1996 200.34
1997 202.29
1998 206.11
1999 207.8
2000 212.02
2001 218.42
2002 222.32
2003 225.99
2004 227.36
2005 228.33
2006 229.68
2007 234.73
2008 240.92
2009 249.17
2010 247.79
2011 254.86
2012 262.25
2013 268.43
2014 272.75
2015 274.04
2016 273.38
2017 276.2
2018 277.54
Today 280.52