Value of 1959 Euro (Greece) today

€100 in 1959
€10,277.93 in 2022

The inflation rate in Greece between 1959 and today has been 10,177.93%, which translates into a total increase of €10,177.93. This means that 100 euro in 1959 are equivalent to 10,277.93 euro in 2022. In other words, the purchasing power of €100 in 1959 equals €10,277.93 today. The average annual inflation rate between these periods has been 7.63%.

Inflation timeline in Greece (1959 - 2022)

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 1959-2021 9,122.4%
Cumulative inflation 1959-today 10,177.93%
Avg. Annual inflation 1959-2021 7.57%
CPI 1959 1.1
CPI 2021 101.13
CPI 2022-05 (latest official data) 111.7
CPI today 112.7

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 1959 and 2021, use the corresponding CPI values:

Value2021
=Value1959 ×
CPI2021/CPI1959
=€ 100 ×
101.13/1.1
€9,222.4

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 112.7:

Valuetoday
=Value1959 ×
CPItoday/CPI1959
=€ 100 ×
112.7/1.1
€10,277.93

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 62 years between 1959 and 2021 and the average inflation rate was 7.57%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.0757)62
€9,222.4

Greece inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1959 €92.22 euro in 2021
€5 euro in 1959 €461.12 euro in 2021
€10 euro in 1959 €922.24 euro in 2021
€50 euro in 1959 €4,611.2 euro in 2021
€100 euro in 1959 €9,222.4 euro in 2021
€500 euro in 1959 €46,111.98 euro in 2021
€1,000 euro in 1959 €92,223.96 euro in 2021
€5,000 euro in 1959 €461,119.81 euro in 2021
€10,000 euro in 1959 €922,239.62 euro in 2021
€50,000 euro in 1959 €4,611,198.1 euro in 2021
€100,000 euro in 1959 €9,222,396.2 euro in 2021
€500,000 euro in 1959 €46,111,981 euro in 2021
€1,000,000 euro in 1959 €92,223,962 euro in 2021
Cumulative inflation From 1959 10,177.93%
Avg. annual inflation From 1959 7.63%
CPI 1959 1.1
CPI today 112.7

Value of Euro over time (by year)

Period Value
1959 100
1960 101.48
1961 103.61
1962 103.12
1963 106.4
1964 107.06
1965 110.51
1966 115.93
1967 118.06
1968 118.23
1969 121.35
1970 124.79
1971 128.9
1972 134.48
1973 155.17
1974 196.39
1975 223.15
1976 252.22
1977 283.42
1978 319.05
1979 379.97
1980 473.73
1981 589.82
1982 713.63
1983 857.64
1984 1,015.93
1985 1,212.15
1986 1,491.13
1987 1,735.63
1988 1,970.44
1989 2,239.52
1990 2,697.13
1991 3,221.88
1992 3,733.42
1993 4,271.45
1994 4,735.94
1995 5,159.07
1996 5,581.83
1997 5,890.84
1998 6,171.61
1999 6,334.33
2000 6,533.94
2001 6,754.39
2002 6,999.53
2003 7,246.66
2004 7,456.73
2005 7,721.08
2006 7,967.84
2007 8,198.51
2008 8,538.98
2009 8,642.31
2010 9,049.62
2011 9,350.96
2012 9,491.36
2013 9,403.93
2014 9,280.52
2015 9,119.42
2016 9,044.12
2017 9,145.53
2018 9,202.75
2019 9,226.03
2020 9,110.89
2021 9,222.4
2022-05 10,186.24
Today 10,277.93

All available years

Today's value of euro (Greece) 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 |

Other currencies: