Value of 1992 Euro (Greece) today

€100 in 1992

€263 in 2019

The inflation rate in Greece between 1992 and today has been 163%, which translates into a total increase of €163. This means that 100 euro in 1992 are equivalent to 263 euro in 2019. In other words, the purchasing power of €100 in 1992 equals €263 today. The average annual inflation rate has been 3.51%.

Inflation timeline in Greece (1992-2019)

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 (1992-2019) 162.91%
Total Inflation* 163%
Annual inflation avg. (1992-2019) 3.65%
Annual inflation avg.* 3.51%
CPI 1992 38.54
CPI 2019 101.33
CPI today* 101.36
€1 in 1992 €2.63 in 2019

* 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 27 years between 1992 and 2019 and the average inflation rate has been 3.5139%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.04)27 = €262.91

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 1992 was 38.54 and the CPI today is 101.36. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
101.33/38.54
= €262.91

Greece inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1992 €2.63 euro today
€5 euro in 1992 €13.15 euro today
€10 euro in 1992 €26.3 euro today
€50 euro in 1992 €131.5 euro today
€100 euro in 1992 €263 euro today
€500 euro in 1992 €1,315.01 euro today
€1,000 euro in 1992 €2,630.03 euro today
€5,000 euro in 1992 €13,150.15 euro today
€10,000 euro in 1992 €26,300.29 euro today
€50,000 euro in 1992 €131,501.47 euro today
€100,000 euro in 1992 €263,002.93 euro today
€500,000 euro in 1992 €1,315,014.67 euro today
€1,000,000 euro in 1992 €2,630,029.33 euro today

Value of Euro in time (by year)

Period Value
1992 100
1993 114.4
1994 128.15
1995 141.82
1996 153.05
1997 164.21
1998 171.95
1999 178.6
2000 183.5
2001 190.67
2002 196.48
2003 203.13
2004 209.38
2005 215.86
2006 223.67
2007 230.18
2008 239.12
2009 243.82
2010 250.26
2011 263.21
2012 269.56
2013 271.73
2014 267.08
2015 260.12
2016 259.69
2017 259.75
2018 261.44
2019 262.91
Today 263