Value of 1961 Euro (Greece) today

€100 in 1961
€10,406.07 in 2024

The inflation rate in Greece between 1961 and today has been 10,306.07%, which translates into a total increase of €10,306.07. This means that 100 euro in 1961 are equivalent to 10,406.07 euro in 2024. In other words, the purchasing power of €100 in 1961 equals €10,406.07 today. The average annual inflation rate between these periods has been 7.65%.

Inflation timeline in Greece (1961 - 2024)

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 1961-2023 9,997.5%
Cumulative inflation 1961-today 10,306.07%
Avg. Annual inflation 1961-2023 7.73%
CPI 1961 1.14
CPI 2023 114.73
CPI 2024-06 (latest official data) 118.13
CPI today 118.23

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 1961 and 2023, use the corresponding CPI values:

Value2023
=Value1961 ×
CPI2023/CPI1961
=€ 100 ×
114.73/1.14
€10,097.5

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 118.23:

Valuetoday
=Value1961 ×
CPItoday/CPI1961
=€ 100 ×
118.23/1.14
€10,406.07

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 1961 and 2023 and the average inflation rate was 7.7274%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.077274)62
€10,097.5

Greece inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1961 €100.98 euro in 2023
€5 euro in 1961 €504.88 euro in 2023
€10 euro in 1961 €1,009.75 euro in 2023
€50 euro in 1961 €5,048.75 euro in 2023
€100 euro in 1961 €10,097.5 euro in 2023
€500 euro in 1961 €50,487.51 euro in 2023
€1,000 euro in 1961 €100,975.03 euro in 2023
€5,000 euro in 1961 €504,875.13 euro in 2023
€10,000 euro in 1961 €1,009,750.27 euro in 2023
€50,000 euro in 1961 €5,048,751.34 euro in 2023
€100,000 euro in 1961 €10,097,502.67 euro in 2023
€500,000 euro in 1961 €50,487,513.36 euro in 2023
€1,000,000 euro in 1961 €100,975,026.71 euro in 2023
Cumulative inflation From 1961 10,306.07%
Avg. annual inflation From 1961 7.65%
CPI 1961 1.14
CPI today 118.23

Value of Euro over time (by year)

Period Value
1961 100
1962 99.52
1963 102.69
1964 103.33
1965 106.66
1966 111.89
1967 113.95
1968 114.1
1969 117.12
1970 120.44
1971 124.41
1972 129.79
1973 149.76
1974 189.54
1975 215.37
1976 243.42
1977 273.53
1978 307.92
1979 366.72
1980 457.21
1981 569.26
1982 688.75
1983 827.73
1984 980.51
1985 1,169.89
1986 1,439.14
1987 1,675.12
1988 1,901.74
1989 2,161.44
1990 2,603.1
1991 3,109.55
1992 3,603.25
1993 4,122.53
1994 4,570.82
1995 4,979.2
1996 5,387.22
1997 5,685.45
1998 5,956.44
1999 6,113.49
2000 6,306.13
2001 6,518.9
2002 6,755.49
2003 6,994.01
2004 7,196.75
2005 7,451.88
2006 7,690.04
2007 7,912.67
2008 8,241.26
2009 8,340.99
2010 8,734.1
2011 9,024.94
2012 9,160.45
2013 9,076.06
2014 8,956.96
2015 8,801.47
2016 8,728.8
2017 8,826.67
2018 8,881.9
2019 8,904.37
2020 8,793.24
2021 8,900.85
2022 9,759.37
2023 10,097.5
2024-06 10,397.05
Today 10,406.07

All available years

Today's value of euro (Greece) by year:

1955 | 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 | 2022 | 2023 |

Other currencies: