Value of 1962 Euro (Greece) today

€100 in 1962
€10,443.41 in 2024

The inflation rate in Greece between 1962 and today has been 10,343.41%, which translates into a total increase of €10,343.41. This means that 100 euro in 1962 are equivalent to 10,443.41 euro in 2024. In other words, the purchasing power of €100 in 1962 equals €10,443.41 today. The average annual inflation rate between these periods has been 7.79%.

Inflation timeline in Greece (1962 - 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 1962-2023 10,045.74%
Cumulative inflation 1962-today 10,343.41%
Avg. Annual inflation 1962-2023 7.87%
CPI 1962 1.13
CPI 2023 114.73
CPI 2024-04 (latest official data) 117.85
CPI today 118.09

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 1962 and 2023, use the corresponding CPI values:

Value2023
=Value1962 ×
CPI2023/CPI1962
=€ 100 ×
114.73/1.13
€10,145.74

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 118.09:

Valuetoday
=Value1962 ×
CPItoday/CPI1962
=€ 100 ×
118.09/1.13
€10,443.41

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 61 years between 1962 and 2023 and the average inflation rate was 7.8673%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.078673)61
€10,145.74

Greece inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1962 €101.46 euro in 2023
€5 euro in 1962 €507.29 euro in 2023
€10 euro in 1962 €1,014.57 euro in 2023
€50 euro in 1962 €5,072.87 euro in 2023
€100 euro in 1962 €10,145.74 euro in 2023
€500 euro in 1962 €50,728.71 euro in 2023
€1,000 euro in 1962 €101,457.41 euro in 2023
€5,000 euro in 1962 €507,287.06 euro in 2023
€10,000 euro in 1962 €1,014,574.11 euro in 2023
€50,000 euro in 1962 €5,072,870.57 euro in 2023
€100,000 euro in 1962 €10,145,741.14 euro in 2023
€500,000 euro in 1962 €50,728,705.7 euro in 2023
€1,000,000 euro in 1962 €101,457,411.4 euro in 2023
Cumulative inflation From 1962 10,343.41%
Avg. annual inflation From 1962 7.79%
CPI 1962 1.13
CPI today 118.09

Value of Euro over time (by year)

Period Value
1962 100
1963 103.18
1964 103.82
1965 107.17
1966 112.42
1967 114.49
1968 114.65
1969 117.68
1970 121.02
1971 125
1972 130.41
1973 150.48
1974 190.45
1975 216.4
1976 244.59
1977 274.84
1978 309.4
1979 368.47
1980 459.4
1981 571.97
1982 692.04
1983 831.69
1984 985.19
1985 1,175.48
1986 1,446.02
1987 1,683.12
1988 1,910.83
1989 2,171.76
1990 2,615.53
1991 3,124.4
1992 3,620.47
1993 4,142.22
1994 4,592.65
1995 5,002.98
1996 5,412.96
1997 5,712.62
1998 5,984.89
1999 6,142.69
2000 6,336.26
2001 6,550.04
2002 6,787.77
2003 7,027.42
2004 7,231.13
2005 7,487.48
2006 7,726.78
2007 7,950.47
2008 8,280.64
2009 8,380.84
2010 8,775.82
2011 9,068.05
2012 9,204.21
2013 9,119.42
2014 8,999.75
2015 8,843.52
2016 8,770.5
2017 8,868.83
2018 8,924.33
2019 8,946.91
2020 8,835.25
2021 8,943.38
2022 9,805.99
2023 10,145.74
2024-04 10,422.38
Today 10,443.41

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: