Value of 1977 Euro (Ireland) today

€100 in 1977

€563.01 today

The inflation rate in Ireland between 1977 and today has been 463.01%, which translates into a total increase of €463.01. This means that 100 euro in 1977 are equivalent to 563.01 euro in 2018. In other words, the purchasing power of €100 in 1977 equals €563.01 today. The average annual inflation rate has been 4.2%.

Inflation timeline in Ireland (1977-2019)

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 (1977-2018) 459.11%
Total Inflation* 463.01%
Annual inflation avg. (1977-2018) 4.29%
Annual inflation avg.* 4.2%
CPI 1977 17.9
CPI 2018 100.07
CPI today* 100.77
€1 in 1977 €5.59 in 2018

* 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 41 years between 1977 and 2018 and the average inflation rate has been 4.2004%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.04)41 = €559.11

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 1977 was 17.9 and the CPI today is 100.77. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
100.07/17.9
= €559.11

Ireland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1977 €5.63 euro today
€5 euro in 1977 €28.15 euro today
€10 euro in 1977 €56.3 euro today
€50 euro in 1977 €281.51 euro today
€100 euro in 1977 €563.01 euro today
€500 euro in 1977 €2,815.07 euro today
€1,000 euro in 1977 €5,630.13 euro today
€5,000 euro in 1977 €28,150.66 euro today
€10,000 euro in 1977 €56,301.33 euro today
€50,000 euro in 1977 €281,506.65 euro today
€100,000 euro in 1977 €563,013.29 euro today
€500,000 euro in 1977 €2,815,066.47 euro today
€1,000,000 euro in 1977 €5,630,132.94 euro today

Value of Euro in time (by year)

Period Value
1977 100
1978 110.53
1979 119.47
1980 138.42
1981 163.68
1982 201.58
1983 226.43
1984 250.06
1985 266.55
1986 279.74
1987 288.53
1988 297.33
1989 305.57
1990 319.86
1991 328.11
1992 340.2
1993 347.89
1994 353.39
1995 361.63
1996 370.42
1997 377.57
1998 384.81
1999 391.49
2000 404.86
2001 428.25
2002 446.62
2003 468.9
2004 477.81
2005 490.62
2006 502.31
2007 527.37
2008 551.87
2009 558
2010 530.16
2011 537.39
2012 550.2
2013 556.89
2014 558
2015 556.33
2016 556.89
2017 556.89
2018 559.11
Today 563.01