Value of 1987 Euro (Finland) today

€100 in 1987

€191.12 in 2018

The inflation rate in Finland between 1987 and today has been 91.12%, which translates into a total increase of €91.12. This means that 100 euro in 1987 are equivalent to 191.12 euro in 2018. In other words, the purchasing power of €100 in 1987 equals €191.12 today. The average annual inflation rate has been 2.04%.

Inflation timeline in Finland (1987-2018)

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 (1987-2018) 89.09%
Total Inflation* 91.12%
Annual inflation avg. (1987-2018) 2.08%
Annual inflation avg.* 2.04%
CPI 1987 53.68
CPI 2018 101.51
CPI today* 102.6
€1 in 1987 €1.89 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 31 years between 1987 and 2018 and the average inflation rate has been 2.0449%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.02)31 = €189.09

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 1987 was 53.68 and the CPI today is 102.6. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
101.51/53.68
= €189.09

Finland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1987 €1.91 euro today
€5 euro in 1987 €9.56 euro today
€10 euro in 1987 €19.11 euro today
€50 euro in 1987 €95.56 euro today
€100 euro in 1987 €191.12 euro today
€500 euro in 1987 €955.62 euro today
€1,000 euro in 1987 €1,911.25 euro today
€5,000 euro in 1987 €9,556.25 euro today
€10,000 euro in 1987 €19,112.5 euro today
€50,000 euro in 1987 €95,562.49 euro today
€100,000 euro in 1987 €191,124.99 euro today
€500,000 euro in 1987 €955,624.94 euro today
€1,000,000 euro in 1987 €1,911,249.89 euro today

Value of Euro in time (by year)

Period Value
1987 100
1988 104.23
1989 110.96
1990 118.24
1991 124.2
1992 129.33
1993 132.33
1994 134.35
1995 136.55
1996 136.5
1997 137.83
1998 140.43
1999 141.58
2000 144.46
2001 148.82
2002 151.47
2003 153.98
2004 154.9
2005 155.57
2006 156.49
2007 159.93
2008 164.14
2009 169.76
2010 168.83
2011 173.64
2012 178.68
2013 182.89
2014 185.84
2015 186.71
2016 186.26
2017 188.18
2018 189.09
Today 191.12