Value of 1989 Euro (Finland) today

€100 in 1989

€172.24 in 2018

The inflation rate in Finland between 1989 and today has been 72.24%, which translates into a total increase of €72.24. This means that 100 euro in 1989 are equivalent to 172.24 euro in 2018. In other words, the purchasing power of €100 in 1989 equals €172.24 today. The average annual inflation rate has been 1.83%.

Inflation timeline in Finland (1989-2018)

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 (1989-2018) 70.41%
Total Inflation* 72.24%
Annual inflation avg. (1989-2018) 1.86%
Annual inflation avg.* 1.83%
CPI 1989 59.57
CPI 2018 101.51
CPI today* 102.6
€1 in 1989 €1.7 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 29 years between 1989 and 2018 and the average inflation rate has been 1.829%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.02)29 = €170.41

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 1989 was 59.57 and the CPI today is 102.6. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
101.51/59.57
= €170.41

Finland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1989 €1.72 euro today
€5 euro in 1989 €8.61 euro today
€10 euro in 1989 €17.22 euro today
€50 euro in 1989 €86.12 euro today
€100 euro in 1989 €172.24 euro today
€500 euro in 1989 €861.22 euro today
€1,000 euro in 1989 €1,722.44 euro today
€5,000 euro in 1989 €8,612.22 euro today
€10,000 euro in 1989 €17,224.44 euro today
€50,000 euro in 1989 €86,122.18 euro today
€100,000 euro in 1989 €172,244.35 euro today
€500,000 euro in 1989 €861,221.76 euro today
€1,000,000 euro in 1989 €1,722,443.52 euro today

Value of Euro in time (by year)

Period Value
1989 100
1990 106.56
1991 111.93
1992 116.56
1993 119.26
1994 121.08
1995 123.06
1996 123.01
1997 124.21
1998 126.56
1999 127.59
2000 130.19
2001 134.12
2002 136.51
2003 138.77
2004 139.6
2005 140.2
2006 141.03
2007 144.13
2008 147.93
2009 152.99
2010 152.15
2011 156.49
2012 161.03
2013 164.82
2014 167.48
2015 168.26
2016 167.86
2017 169.59
2018 170.41
Today 172.24