Value of 1960 Euro (Germany) today

€100 in 1960

€456.23 in 2018

The inflation rate in Germany between 1960 and today has been 356.23%, which translates into a total increase of €356.23. This means that 100 euro in 1960 are equivalent to 456.23 euro in 2018. In other words, the purchasing power of €100 in 1960 equals €456.23 today. The average annual inflation rate has been 2.61%.

Inflation timeline in Germany (1960-2018)

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 (1960-2018) 349.32%
Total Inflation* 356.23%
Annual inflation avg. (1960-2018) 2.62%
Annual inflation avg.* 2.61%
CPI 1960 23.03
CPI 2018 103.47
CPI today* 105.06
€1 in 1960 €4.49 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 58 years between 1960 and 2018 and the average inflation rate has been 2.606%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.03)58 = €449.32

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 1960 was 23.03 and the CPI today is 105.06. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
103.47/23.03
= €449.32

Germany inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1960 €4.56 euro today
€5 euro in 1960 €22.81 euro today
€10 euro in 1960 €45.62 euro today
€50 euro in 1960 €228.12 euro today
€100 euro in 1960 €456.23 euro today
€500 euro in 1960 €2,281.15 euro today
€1,000 euro in 1960 €4,562.31 euro today
€5,000 euro in 1960 €22,811.54 euro today
€10,000 euro in 1960 €45,623.08 euro today
€50,000 euro in 1960 €228,115.4 euro today
€100,000 euro in 1960 €456,230.81 euro today
€500,000 euro in 1960 €2,281,154.04 euro today
€1,000,000 euro in 1960 €4,562,308.09 euro today

Value of Euro in time (by year)

Period Value
1960 100
1961 100.57
1962 103.41
1963 106.25
1964 109.94
1965 112.5
1966 116.76
1967 120.17
1968 121.02
1969 123.58
1970 126.14
1971 131.25
1972 138.35
1973 147.16
1974 158.81
1975 167.9
1976 176.99
1977 183.52
1978 189.77
1979 194.6
1980 205.11
1981 216.48
1982 230.97
1983 241.48
1984 248.01
1985 252.84
1986 256.82
1987 254.26
1988 256.82
1989 261.65
1990 269.6
1991 276.99
1992 292.91
1993 302.66
1994 315.66
1995 323.38
1996 328.26
1997 333.13
1998 340.04
1999 341.26
2000 345.32
2001 352.23
2002 357.91
2003 361.98
2004 366.04
2005 374.16
2006 379.45
2007 384.73
2008 396.91
2009 401.38
2010 404.63
2011 409.91
2012 418.04
2013 426.57
2014 432.67
2015 433.48
2016 434.7
2017 442.01
2018 449.32
Today 456.23