Value of 1959 Euro (Greece) today

€100 in 1959

€9,425.11 today

The inflation rate in Greece between 1959 and today has been 9,325.11%, which translates into a total increase of €9,325.11. This means that 100 euro in 1959 are equivalent to 9,425.11 euro in 2018. In other words, the purchasing power of €100 in 1959 equals €9,425.11 today. The average annual inflation rate has been 7.87%.

Inflation timeline in Greece (1959-2019)

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 (1959-2018) 9,272.3%
Total Inflation* 9,325.11%
Annual inflation avg. (1959-2018) 8%
Annual inflation avg.* 7.87%
CPI 1959 1.08
CPI 2018 100.76
CPI today* 101.33
€1 in 1959 €93.72 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 59 years between 1959 and 2018 and the average inflation rate has been 7.871%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.08)59 = €9,372.3

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 1959 was 1.08 and the CPI today is 101.33. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
100.76/1.08
= €9,372.3

Greece inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1959 €94.25 euro today
€5 euro in 1959 €471.26 euro today
€10 euro in 1959 €942.51 euro today
€50 euro in 1959 €4,712.56 euro today
€100 euro in 1959 €9,425.11 euro today
€500 euro in 1959 €47,125.57 euro today
€1,000 euro in 1959 €94,251.14 euro today
€5,000 euro in 1959 €471,255.68 euro today
€10,000 euro in 1959 €942,511.36 euro today
€50,000 euro in 1959 €4,712,556.8 euro today
€100,000 euro in 1959 €9,425,113.6 euro today
€500,000 euro in 1959 €47,125,568 euro today
€1,000,000 euro in 1959 €94,251,135.99 euro today

Value of Euro in time (by year)

Period Value
1959 100
1960 102.5
1961 106.52
1962 106.52
1963 106.52
1964 108.53
1965 110.54
1966 116.57
1967 120.59
1968 118.58
1969 122.6
1970 124.61
1971 130.63
1972 134.65
1973 142.69
1974 186.91
1975 211.03
1976 245.19
1977 273.33
1978 307.49
1979 343.67
1980 428.08
1981 540.63
1982 661.21
1983 787.83
1984 946.6
1985 1,117.43
1986 1,394.78
1987 1,631.93
1988 1,889.18
1989 2,152.46
1990 2,471.92
1991 3,037.6
1992 3,584.88
1993 4,101.2
1994 4,593.93
1995 5,083.95
1996 5,486.66
1997 5,886.64
1998 6,164.2
1999 6,402.7
2000 6,578.41
2001 6,835.35
2002 7,043.49
2003 7,282.09
2004 7,506.05
2005 7,738.16
2006 8,018.4
2007 8,251.65
2008 8,572.06
2009 8,740.59
2010 8,971.51
2011 9,435.63
2012 9,663.5
2013 9,741.21
2014 9,574.59
2015 9,325.04
2016 9,309.44
2017 9,311.58
2018 9,372.3
Today 9,425.11