Value of 1987 Euro (Finland) today

€100 in 1987
€210.8 in 2022

The inflation rate in Finland between 1987 and today has been 110.8%, which translates into a total increase of €110.8. This means that 100 euro in 1987 are equivalent to 210.8 euro in 2022. In other words, the purchasing power of €100 in 1987 equals €210.8 today. The average annual inflation rate between these periods has been 2.15%.

Inflation timeline in Finland (1987 - 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 1987-2021 91.32%
Cumulative inflation 1987-today 110.8%
Avg. Annual inflation 1987-2021 1.93%
CPI 1987 55.31
CPI 2021 105.82
CPI 2022-10 (latest official data) 115.99
CPI today 116.6

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 1987 and 2021, use the corresponding CPI values:

Value2021
=Value1987 ×
CPI2021/CPI1987
=€ 100 ×
105.82/55.31
€191.32

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 116.6:

Valuetoday
=Value1987 ×
CPItoday/CPI1987
=€ 100 ×
116.6/55.31
€210.8

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 34 years between 1987 and 2021 and the average inflation rate was 1.9265%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.019265)34
€191.32

Finland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1987 €1.91 euro in 2021
€5 euro in 1987 €9.57 euro in 2021
€10 euro in 1987 €19.13 euro in 2021
€50 euro in 1987 €95.66 euro in 2021
€100 euro in 1987 €191.32 euro in 2021
€500 euro in 1987 €956.59 euro in 2021
€1,000 euro in 1987 €1,913.19 euro in 2021
€5,000 euro in 1987 €9,565.93 euro in 2021
€10,000 euro in 1987 €19,131.87 euro in 2021
€50,000 euro in 1987 €95,659.34 euro in 2021
€100,000 euro in 1987 €191,318.68 euro in 2021
€500,000 euro in 1987 €956,593.42 euro in 2021
€1,000,000 euro in 1987 €1,913,186.84 euro in 2021
Cumulative inflation From 1987 110.8%
Avg. annual inflation From 1987 2.15%
CPI 1987 55.31
CPI today 116.6

Value of Euro over time (by year)

Period Value
1987 100
1988 105.09
1989 112.01
1990 118.9
1991 124.03
1992 127.65
1993 130.44
1994 131.86
1995 132.91
1996 133.74
1997 135.34
1998 137.23
1999 138.83
2000 143.05
2001 146.74
2002 149.05
2003 150.35
2004 150.63
2005 151.57
2006 153.95
2007 157.81
2008 164.23
2009 164.23
2010 166.18
2011 171.85
2012 176.68
2013 179.29
2014 181.16
2015 180.78
2016 181.43
2017 182.79
2018 184.78
2019 186.67
2020 187.21
2021 191.32
2022-10 209.7
Today 210.8

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: