Value of 1984 Euro (Finland) today

€100 in 1984
€241.33 in 2023

The inflation rate in Finland between 1984 and today has been 141.33%, which translates into a total increase of €141.33. This means that 100 euro in 1984 are equivalent to 241.33 euro in 2023. In other words, the purchasing power of €100 in 1984 equals €241.33 today. The average annual inflation rate between these periods has been 2.28%.

Inflation timeline in Finland (1984 - 2023)

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 1984-2022 131.05%
Cumulative inflation 1984-today 141.33%
Avg. Annual inflation 1984-2022 2.23%
CPI 1984 49.06
CPI 2022 113.36
CPI 2022-12 (latest official data) 117.32
CPI today 118.41

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 1984 and 2022, use the corresponding CPI values:

Value2022
=Value1984 ×
CPI2022/CPI1984
=€ 100 ×
113.36/49.06
€231.05

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 118.41:

Valuetoday
=Value1984 ×
CPItoday/CPI1984
=€ 100 ×
118.41/49.06
€241.33

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 1984 and 2022 and the average inflation rate was 2.2283%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=€100 × (1 + 0.022283)38
€231.05

Finland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1984 €2.31 euro in 2022
€5 euro in 1984 €11.55 euro in 2022
€10 euro in 1984 €23.1 euro in 2022
€50 euro in 1984 €115.52 euro in 2022
€100 euro in 1984 €231.05 euro in 2022
€500 euro in 1984 €1,155.24 euro in 2022
€1,000 euro in 1984 €2,310.48 euro in 2022
€5,000 euro in 1984 €11,552.4 euro in 2022
€10,000 euro in 1984 €23,104.8 euro in 2022
€50,000 euro in 1984 €115,524.01 euro in 2022
€100,000 euro in 1984 €231,048.02 euro in 2022
€500,000 euro in 1984 €1,155,240.09 euro in 2022
€1,000,000 euro in 1984 €2,310,480.18 euro in 2022
Cumulative inflation From 1984 141.33%
Avg. annual inflation From 1984 2.28%
CPI 1984 49.06
CPI today 118.41

Value of Euro over time (by year)

Period Value
1984 100
1985 105.2
1986 108.28
1987 112.74
1988 118.47
1989 126.28
1990 134.05
1991 139.82
1992 143.9
1993 147.06
1994 148.66
1995 149.83
1996 150.78
1997 152.57
1998 154.71
1999 156.51
2000 161.27
2001 165.43
2002 168.03
2003 169.5
2004 169.82
2005 170.88
2006 173.55
2007 177.91
2008 185.15
2009 185.15
2010 187.34
2011 193.74
2012 199.18
2013 202.12
2014 204.23
2015 203.8
2016 204.53
2017 206.07
2018 208.31
2019 210.44
2020 211.05
2021 215.68
2022 231.05
2022-12 239.12
Today 241.33

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 | 2022 |

Other currencies: