Value of 1993 Euro (Finland) today

€100 in 1993
€170.39 in 2024

The inflation rate in Finland between 1993 and today has been 70.39%, which translates into a total increase of €70.39. This means that 100 euro in 1993 are equivalent to 170.39 euro in 2024. In other words, the purchasing power of €100 in 1993 equals €170.39 today. The average annual inflation rate between these periods has been 1.73%.

Inflation timeline in Finland (1993 - 2024)

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 1993-2023 66.94%
Cumulative inflation 1993-today 70.39%
Avg. Annual inflation 1993-2023 1.72%
CPI 1993 72.15
CPI 2023 120.45
CPI 2024-02 (latest official data) 122.5
CPI today 122.94

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 1993 and 2023, use the corresponding CPI values:

Value2023
=Value1993 ×
CPI2023/CPI1993
=€ 100 ×
120.45/72.15
€166.94

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 122.94:

Valuetoday
=Value1993 ×
CPItoday/CPI1993
=€ 100 ×
122.94/72.15
€170.39

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 30 years between 1993 and 2023 and the average inflation rate was 1.7228%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.017228)30
€166.94

Finland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1993 €1.67 euro in 2023
€5 euro in 1993 €8.35 euro in 2023
€10 euro in 1993 €16.69 euro in 2023
€50 euro in 1993 €83.47 euro in 2023
€100 euro in 1993 €166.94 euro in 2023
€500 euro in 1993 €834.68 euro in 2023
€1,000 euro in 1993 €1,669.35 euro in 2023
€5,000 euro in 1993 €8,346.76 euro in 2023
€10,000 euro in 1993 €16,693.52 euro in 2023
€50,000 euro in 1993 €83,467.59 euro in 2023
€100,000 euro in 1993 €166,935.17 euro in 2023
€500,000 euro in 1993 €834,675.86 euro in 2023
€1,000,000 euro in 1993 €1,669,351.73 euro in 2023
Cumulative inflation From 1993 70.39%
Avg. annual inflation From 1993 1.73%
CPI 1993 72.15
CPI today 122.94

Value of Euro over time (by year)

Period Value
1993 100
1994 101.09
1995 101.89
1996 102.53
1997 103.75
1998 105.2
1999 106.43
2000 109.66
2001 112.49
2002 114.26
2003 115.26
2004 115.48
2005 116.2
2006 118.02
2007 120.98
2008 125.9
2009 125.9
2010 127.39
2011 131.74
2012 135.44
2013 137.45
2014 138.88
2015 138.59
2016 139.08
2017 140.13
2018 141.65
2019 143.1
2020 143.52
2021 146.67
2022 157.11
2023 166.94
2024-02 169.78
Today 170.39

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 | 2023 |

Other currencies: