Value of 1980 Euro (Ireland) today

€100 in 1980

€406.74 today

The inflation rate in Ireland between 1980 and today has been 306.74%, which translates into a total increase of €306.74. This means that 100 euro in 1980 are equivalent to 406.74 euro in 2018. In other words, the purchasing power of €100 in 1980 equals €406.74 today. The average annual inflation rate has been 3.66%.

Inflation timeline in Ireland (1980-2019)

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 (1980-2018) 303.92%
Total Inflation* 306.74%
Annual inflation avg. (1980-2018) 3.74%
Annual inflation avg.* 3.66%
CPI 1980 24.78
CPI 2018 100.07
CPI today* 100.77
€1 in 1980 €4.04 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 38 years between 1980 and 2018 and the average inflation rate has been 3.6629%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.04)38 = €403.92

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 1980 was 24.78 and the CPI today is 100.77. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
100.07/24.78
= €403.92

Ireland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1980 €4.07 euro today
€5 euro in 1980 €20.34 euro today
€10 euro in 1980 €40.67 euro today
€50 euro in 1980 €203.37 euro today
€100 euro in 1980 €406.74 euro today
€500 euro in 1980 €2,033.7 euro today
€1,000 euro in 1980 €4,067.4 euro today
€5,000 euro in 1980 €20,336.98 euro today
€10,000 euro in 1980 €40,673.97 euro today
€50,000 euro in 1980 €203,369.84 euro today
€100,000 euro in 1980 €406,739.69 euro today
€500,000 euro in 1980 €2,033,698.43 euro today
€1,000,000 euro in 1980 €4,067,396.87 euro today

Value of Euro in time (by year)

Period Value
1980 100
1981 118.25
1982 145.63
1983 163.58
1984 180.65
1985 192.57
1986 202.09
1987 208.45
1988 214.8
1989 220.76
1990 231.08
1991 237.03
1992 245.77
1993 251.33
1994 255.3
1995 261.25
1996 267.61
1997 272.77
1998 278
1999 282.83
2000 292.48
2001 309.38
2002 322.65
2003 338.75
2004 345.18
2005 354.44
2006 362.89
2007 380.99
2008 398.69
2009 403.12
2010 383
2011 388.23
2012 397.49
2013 402.31
2014 403.12
2015 401.91
2016 402.31
2017 402.31
2018 403.92
Today 406.74