Value of 1963 Euro (Greece) today

€100 in 1963
€10,137.47 in 2024

The inflation rate in Greece between 1963 and today has been 10,037.47%, which translates into a total increase of €10,037.47. This means that 100 euro in 1963 are equivalent to 10,137.47 euro in 2024. In other words, the purchasing power of €100 in 1963 equals €10,137.47 today. The average annual inflation rate between these periods has been 7.87%.

Inflation timeline in Greece (1963 - 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 1963-2023 9,732.6%
Cumulative inflation 1963-today 10,037.47%
Avg. Annual inflation 1963-2023 7.95%
CPI 1963 1.17
CPI 2023 114.73
CPI 2024-06 (latest official data) 118.13
CPI today 118.28

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 1963 and 2023, use the corresponding CPI values:

Value2023
=Value1963 ×
CPI2023/CPI1963
=€ 100 ×
114.73/1.17
€9,832.6

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 118.28:

Valuetoday
=Value1963 ×
CPItoday/CPI1963
=€ 100 ×
118.28/1.17
€10,137.47

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 60 years between 1963 and 2023 and the average inflation rate was 7.9471%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.079471)60
€9,832.6

Greece inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1963 €98.33 euro in 2023
€5 euro in 1963 €491.63 euro in 2023
€10 euro in 1963 €983.26 euro in 2023
€50 euro in 1963 €4,916.3 euro in 2023
€100 euro in 1963 €9,832.6 euro in 2023
€500 euro in 1963 €49,163 euro in 2023
€1,000 euro in 1963 €98,326 euro in 2023
€5,000 euro in 1963 €491,629.98 euro in 2023
€10,000 euro in 1963 €983,259.97 euro in 2023
€50,000 euro in 1963 €4,916,299.85 euro in 2023
€100,000 euro in 1963 €9,832,599.69 euro in 2023
€500,000 euro in 1963 €49,162,998.46 euro in 2023
€1,000,000 euro in 1963 €98,325,996.93 euro in 2023
Cumulative inflation From 1963 10,037.47%
Avg. annual inflation From 1963 7.87%
CPI 1963 1.17
CPI today 118.28

Value of Euro over time (by year)

Period Value
1963 100
1964 100.62
1965 103.86
1966 108.95
1967 110.96
1968 111.11
1969 114.04
1970 117.28
1971 121.14
1972 126.39
1973 145.83
1974 184.57
1975 209.72
1976 237.04
1977 266.36
1978 299.85
1979 357.1
1980 445.22
1981 554.32
1982 670.68
1983 806.02
1984 954.78
1985 1,139.2
1986 1,401.39
1987 1,631.17
1988 1,851.85
1989 2,104.73
1990 2,534.8
1991 3,027.97
1992 3,508.72
1993 4,014.38
1994 4,450.9
1995 4,848.57
1996 5,245.89
1997 5,536.3
1998 5,800.17
1999 5,953.1
2000 6,140.69
2001 6,347.88
2002 6,578.27
2003 6,810.52
2004 7,007.95
2005 7,256.39
2006 7,488.3
2007 7,705.08
2008 8,025.06
2009 8,122.17
2010 8,504.96
2011 8,788.17
2012 8,920.13
2013 8,837.95
2014 8,721.97
2015 8,570.57
2016 8,499.8
2017 8,595.1
2018 8,648.88
2019 8,670.77
2020 8,562.55
2021 8,667.35
2022 9,503.34
2023 9,832.6
2024-06 10,124.29
Today 10,137.47

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: