Value of 1993 Euro (Greece) today

€100 in 1993
€242.68 in 2022

The inflation rate in Greece between 1993 and today has been 142.68%, which translates into a total increase of €142.68. This means that 100 euro in 1993 are equivalent to 242.68 euro in 2022. In other words, the purchasing power of €100 in 1993 equals €242.68 today. The average annual inflation rate between these periods has been 3.1%.

Inflation timeline in Greece (1993 - 2022)

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 1993-2021 115.91%
Cumulative inflation 1993-today 142.68%
Avg. Annual inflation 1993-2021 2.79%
CPI 1993 46.84
CPI 2021 101.13
CPI 2022-10 (latest official data) 113.05
CPI today 113.67

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 1993 and 2021, use the corresponding CPI values:

Value2021
=Value1993 ×
CPI2021/CPI1993
=€ 100 ×
101.13/46.84
€215.91

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 113.67:

Valuetoday
=Value1993 ×
CPItoday/CPI1993
=€ 100 ×
113.67/46.84
€242.68

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 28 years between 1993 and 2021 and the average inflation rate was 2.787%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.02787)28
€215.91

Greece inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1993 €2.16 euro in 2021
€5 euro in 1993 €10.8 euro in 2021
€10 euro in 1993 €21.59 euro in 2021
€50 euro in 1993 €107.95 euro in 2021
€100 euro in 1993 €215.91 euro in 2021
€500 euro in 1993 €1,079.54 euro in 2021
€1,000 euro in 1993 €2,159.08 euro in 2021
€5,000 euro in 1993 €10,795.38 euro in 2021
€10,000 euro in 1993 €21,590.76 euro in 2021
€50,000 euro in 1993 €107,953.82 euro in 2021
€100,000 euro in 1993 €215,907.65 euro in 2021
€500,000 euro in 1993 €1,079,538.25 euro in 2021
€1,000,000 euro in 1993 €2,159,076.5 euro in 2021
Cumulative inflation From 1993 142.68%
Avg. annual inflation From 1993 3.1%
CPI 1993 46.84
CPI today 113.67

Value of Euro over time (by year)

Period Value
1993 100
1994 110.87
1995 120.78
1996 130.68
1997 137.91
1998 144.49
1999 148.29
2000 152.97
2001 158.13
2002 163.87
2003 169.65
2004 174.57
2005 180.76
2006 186.54
2007 191.94
2008 199.91
2009 202.33
2010 211.86
2011 218.92
2012 222.2
2013 220.16
2014 217.27
2015 213.5
2016 211.73
2017 214.11
2018 215.45
2019 215.99
2020 213.3
2021 215.91
2022-10 241.36
Today 242.68

All available years

Today's value of euro (Greece) by year:

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 |

Other currencies: