Value of 1983 Euro (Finland) today

€100 in 1983
€247.71 in 2022

The inflation rate in Finland between 1983 and today has been 147.71%, which translates into a total increase of €147.71. This means that 100 euro in 1983 are equivalent to 247.71 euro in 2022. In other words, the purchasing power of €100 in 1983 equals €247.71 today. The average annual inflation rate between these periods has been 2.35%.

Inflation timeline in Finland (1983 - 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 1983-2021 130.93%
Cumulative inflation 1983-today 147.71%
Avg. Annual inflation 1983-2021 2.23%
CPI 1983 45.83
CPI 2021 105.82
CPI 2022-05 (latest official data) 112.76
CPI today 113.51

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 1983 and 2021, use the corresponding CPI values:

Value2021
=Value1983 ×
CPI2021/CPI1983
=€ 100 ×
105.82/45.83
€230.93

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 113.51:

Valuetoday
=Value1983 ×
CPItoday/CPI1983
=€ 100 ×
113.51/45.83
€247.71

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 38 years between 1983 and 2021 and the average inflation rate was 2.2269%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.022269)38
€230.93

Finland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1983 €2.31 euro in 2021
€5 euro in 1983 €11.55 euro in 2021
€10 euro in 1983 €23.09 euro in 2021
€50 euro in 1983 €115.46 euro in 2021
€100 euro in 1983 €230.93 euro in 2021
€500 euro in 1983 €1,154.64 euro in 2021
€1,000 euro in 1983 €2,309.27 euro in 2021
€5,000 euro in 1983 €11,546.37 euro in 2021
€10,000 euro in 1983 €23,092.74 euro in 2021
€50,000 euro in 1983 €115,463.71 euro in 2021
€100,000 euro in 1983 €230,927.42 euro in 2021
€500,000 euro in 1983 €1,154,637.12 euro in 2021
€1,000,000 euro in 1983 €2,309,274.23 euro in 2021
Cumulative inflation From 1983 147.71%
Avg. annual inflation From 1983 2.35%
CPI 1983 45.83
CPI today 113.51

Value of Euro over time (by year)

Period Value
1983 100
1984 107.07
1985 112.63
1986 115.93
1987 120.7
1988 126.84
1989 135.2
1990 143.52
1991 149.7
1992 154.08
1993 157.45
1994 159.16
1995 160.42
1996 161.43
1997 163.36
1998 165.64
1999 167.57
2000 172.67
2001 177.12
2002 179.9
2003 181.48
2004 181.82
2005 182.95
2006 185.82
2007 190.49
2008 198.23
2009 198.23
2010 200.58
2011 207.43
2012 213.26
2013 216.41
2014 218.66
2015 218.21
2016 218.99
2017 220.64
2018 223.03
2019 225.31
2020 225.97
2021 230.93
2022-05 246.06
Today 247.71

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: