Value of 1993 Euro (Greece) today

€100 in 1993

€229.9 in 2019

The inflation rate in Greece between 1993 and today has been 129.9%, which translates into a total increase of €129.9. This means that 100 euro in 1993 are equivalent to 229.9 euro in 2019. In other words, the purchasing power of €100 in 1993 equals €229.9 today. The average annual inflation rate has been 3.13%.

Inflation timeline in Greece (1993-2019)

The following chart depicts the equivalence of €100 throughout the years due to 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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1993-2019) 129.81%
Total Inflation* 129.9%
Annual inflation avg. (1993-2019) 3.25%
Annual inflation avg.* 3.13%
CPI 1993 44.09
CPI 2019 101.33
CPI today* 101.37
€1 in 1993 €2.3 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 26 years between 1993 and 2019 and the average inflation rate has been 3.1313%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.03)26 = €229.81

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 1993 was 44.09 and the CPI today is 101.37. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
101.33/44.09
= €229.81

Greece inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1993 €2.3 euro today
€5 euro in 1993 €11.49 euro today
€10 euro in 1993 €22.99 euro today
€50 euro in 1993 €114.95 euro today
€100 euro in 1993 €229.9 euro today
€500 euro in 1993 €1,149.5 euro today
€1,000 euro in 1993 €2,299 euro today
€5,000 euro in 1993 €11,494.98 euro today
€10,000 euro in 1993 €22,989.95 euro today
€50,000 euro in 1993 €114,949.77 euro today
€100,000 euro in 1993 €229,899.53 euro today
€500,000 euro in 1993 €1,149,497.67 euro today
€1,000,000 euro in 1993 €2,298,995.34 euro today

Value of Euro in time (by year)

Period Value
1993 100
1994 112.01
1995 123.96
1996 133.78
1997 143.53
1998 150.3
1999 156.12
2000 160.4
2001 166.67
2002 171.74
2003 177.56
2004 183.02
2005 188.68
2006 195.51
2007 201.2
2008 209.01
2009 213.12
2010 218.75
2011 230.07
2012 235.63
2013 237.52
2014 233.46
2015 227.37
2016 226.99
2017 227.05
2018 228.53
2019 229.81
Today 229.9