Value of 1957 Euro (Greece) today

€100 in 1957

€9,810.57 in 2019

The inflation rate in Greece between 1957 and today has been 9,710.57%, which translates into a total increase of €9,710.57. This means that 100 euro in 1957 are equivalent to 9,810.57 euro in 2019. In other words, the purchasing power of €100 in 1957 equals €9,810.57 today. The average annual inflation rate has been 7.55%.

Inflation timeline in Greece (1957-2019)

The following chart depicts the equivalence of €100 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 (1957-2019) 9,708.12%
Total Inflation* 9,710.57%
Annual inflation avg. (1957-2019) 7.68%
Annual inflation avg.* 7.55%
CPI 1957 1.03
CPI 2019 101.33
CPI today* 101.36
€1 in 1957 €98.08 in 2019

* 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 62 years between 1957 and 2019 and the average inflation rate has been 7.5509%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.08)62 = €9,808.12

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 1957 was 1.03 and the CPI today is 101.36. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
101.33/1.03
= €9,808.12

Greece inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1957 €98.11 euro today
€5 euro in 1957 €490.53 euro today
€10 euro in 1957 €981.06 euro today
€50 euro in 1957 €4,905.29 euro today
€100 euro in 1957 €9,810.57 euro today
€500 euro in 1957 €49,052.85 euro today
€1,000 euro in 1957 €98,105.71 euro today
€5,000 euro in 1957 €490,528.54 euro today
€10,000 euro in 1957 €981,057.09 euro today
€50,000 euro in 1957 €4,905,285.44 euro today
€100,000 euro in 1957 €9,810,570.89 euro today
€500,000 euro in 1957 €49,052,854.44 euro today
€1,000,000 euro in 1957 €98,105,708.88 euro today

Value of Euro in time (by year)

Period Value
1957 100
1958 102.98
1959 104.06
1960 106.66
1961 110.85
1962 110.85
1963 110.85
1964 112.94
1965 115.03
1966 121.3
1967 125.49
1968 123.39
1969 127.58
1970 129.67
1971 135.94
1972 140.13
1973 148.49
1974 194.5
1975 219.6
1976 255.16
1977 284.44
1978 319.99
1979 357.64
1980 445.48
1981 562.6
1982 688.08
1983 819.84
1984 985.07
1985 1,162.84
1986 1,451.46
1987 1,698.25
1988 1,965.95
1989 2,239.93
1990 2,572.38
1991 3,161.04
1992 3,730.56
1993 4,267.86
1994 4,780.63
1995 5,290.56
1996 5,709.63
1997 6,125.87
1998 6,414.7
1999 6,662.9
2000 6,845.75
2001 7,113.13
2002 7,329.73
2003 7,578.03
2004 7,811.09
2005 8,052.63
2006 8,344.26
2007 8,586.98
2008 8,920.42
2009 9,095.8
2010 9,336.1
2011 9,819.08
2012 10,056.22
2013 10,137.08
2014 9,963.69
2015 9,704
2016 9,687.76
2017 9,689.99
2018 9,753.19
2019 9,808.12
Today 9,810.57