Value of 1991 Euro (Greece) today

€100 in 1991
€339.62 in 2024

The inflation rate in Greece between 1991 and today has been 239.62%, which translates into a total increase of €239.62. This means that 100 euro in 1991 are equivalent to 339.62 euro in 2024. In other words, the purchasing power of €100 in 1991 equals €339.62 today. The average annual inflation rate between these periods has been 3.77%.

Inflation timeline in Greece (1991 - 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 1991-2023 224.73%
Cumulative inflation 1991-today 239.62%
Avg. Annual inflation 1991-2023 3.75%
CPI 1991 35.33
CPI 2023 114.73
CPI 2024-09 (latest official data) 119.65
CPI today 119.99

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 1991 and 2023, use the corresponding CPI values:

Value2023
=Value1991 ×
CPI2023/CPI1991
=€ 100 ×
114.73/35.33
€324.73

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 119.99:

Valuetoday
=Value1991 ×
CPItoday/CPI1991
=€ 100 ×
119.99/35.33
€339.62

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 32 years between 1991 and 2023 and the average inflation rate was 3.7492%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.037492)32
€324.73

Greece inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1991 €3.25 euro in 2023
€5 euro in 1991 €16.24 euro in 2023
€10 euro in 1991 €32.47 euro in 2023
€50 euro in 1991 €162.36 euro in 2023
€100 euro in 1991 €324.73 euro in 2023
€500 euro in 1991 €1,623.63 euro in 2023
€1,000 euro in 1991 €3,247.26 euro in 2023
€5,000 euro in 1991 €16,236.28 euro in 2023
€10,000 euro in 1991 €32,472.57 euro in 2023
€50,000 euro in 1991 €162,362.85 euro in 2023
€100,000 euro in 1991 €324,725.7 euro in 2023
€500,000 euro in 1991 €1,623,628.5 euro in 2023
€1,000,000 euro in 1991 €3,247,257 euro in 2023
Cumulative inflation From 1991 239.62%
Avg. annual inflation From 1991 3.77%
CPI 1991 35.33
CPI today 119.99

Value of Euro over time (by year)

Period Value
1991 100
1992 115.88
1993 132.58
1994 146.99
1995 160.13
1996 173.25
1997 182.84
1998 191.55
1999 196.6
2000 202.8
2001 209.64
2002 217.25
2003 224.92
2004 231.44
2005 239.65
2006 247.3
2007 254.46
2008 265.03
2009 268.24
2010 280.88
2011 290.23
2012 294.59
2013 291.88
2014 288.05
2015 283.05
2016 280.71
2017 283.86
2018 285.63
2019 286.36
2020 282.78
2021 286.24
2022 313.85
2023 324.73
2024-09 338.67
Today 339.62

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: