Value of 1962 Euro (Germany) today

€70,000,000 in 1962

€310,980,213.71 in 2021

The inflation rate in Germany between 1962 and today has been 344.26%, which translates into a total increase of €240,980,213.71. This means that 70,000,000 euro in 1962 are equivalent to 310,980,213.71 euro in 2021. In other words, the purchasing power of €70,000,000 in 1962 equals €310,980,213.71 today. The average annual inflation rate has been 2.52%.

Inflation timeline in Germany (1962-2021)

The following chart depicts the equivalence of €70,000,000 throughout the years due to 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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1962-2021) 344.35%
Total Inflation* 344.26%
Annual inflation avg. (1962-2021) 2.56%
Annual inflation avg.* 2.52%
CPI 1962 23.75
CPI 2021 105.52
CPI today* 105.5
€1 in 1962 €4.44 in 2021

* 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 with 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 €70,000,000 worth today. There are 59 years between 1962 and 2021 and the average inflation rate has been 2.5165%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €70000000 * (1 + 0.03)59 = €311,043,901.46

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 1962 was 23.75 and the CPI today is 105.5. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €70,000,000 *
105.52/23.75
= €311,043,901.46

Germany inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1962 €4.44 euro today
€5 euro in 1962 €22.21 euro today
€10 euro in 1962 €44.43 euro today
€50 euro in 1962 €222.13 euro today
€100 euro in 1962 €444.26 euro today
€500 euro in 1962 €2,221.29 euro today
€1,000 euro in 1962 €4,442.57 euro today
€5,000 euro in 1962 €22,212.87 euro today
€10,000 euro in 1962 €44,425.74 euro today
€50,000 euro in 1962 €222,128.72 euro today
€100,000 euro in 1962 €444,257.45 euro today
€500,000 euro in 1962 €2,221,287.24 euro today
€1,000,000 euro in 1962 €4,442,574.48 euro today

Value of Euro over time (by year)

Period Value
1962 70,000,000
1963 71,923,080.32
1964 74,423,072.95
1965 76,153,839.35
1966 79,038,459.84
1967 81,346,138.54
1968 81,923,050.85
1969 83,653,846.72
1970 85,384,613.12
1971 88,846,145.91
1972 93,653,846.72
1973 99,615,372.14
1974 107,499,977.89
1975 113,653,817.24
1976 119,807,686.07
1977 124,230,759.03
1978 128,461,518.05
1979 131,730,766.4
1980 138,846,145.91
1981 146,538,437.73
1982 156,346,123.8
1983 163,461,503.31
1984 167,884,576.27
1985 171,153,824.61
1986 173,846,131.17
1987 172,115,364.77
1988 173,846,131.17
1989 177,115,350.04
1990 182,499,963.15
1991 187,499,977.89
1992 198,279,020.27
1993 204,879,155.28
1994 213,679,315.64
1995 218,904,423.75
1996 222,204,505.99
1997 225,504,558.76
1998 230,179,667.9
1999 231,004,666.35
2000 233,754,749.63
2001 238,429,829.29
2002 242,279,910.51
2003 245,029,964.3
2004 247,780,018.1
2005 253,280,125.69
2006 256,855,207.42
2007 260,430,289.15
2008 268,680,450.54
2009 271,705,503.82
2010 273,905,529.17
2011 277,480,610.9
2012 282,980,747.97
2013 288,755,855.05
2014 292,880,935.75
2015 293,430,934.72
2016 293,943,820.99
2017 298,366,333.86
2018 302,493,831.75
2019 307,211,182.74
2020 311,928,238.96
2021 311,043,901.46
Today 310,980,213.71