Value of 1981 Euro (Ireland) today

€100 in 1981
€363.5 in 2024

The inflation rate in Ireland between 1981 and today has been 263.5%, which translates into a total increase of €263.5. This means that 100 euro in 1981 are equivalent to 363.5 euro in 2024. In other words, the purchasing power of €100 in 1981 equals €363.5 today. The average annual inflation rate between these periods has been 3.05%.

Inflation timeline in Ireland (1981 - 2024)

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 1981-2023 256.3%
Cumulative inflation 1981-today 263.5%
Avg. Annual inflation 1981-2023 3.07%
CPI 1981 33.41
CPI 2023 119.03
CPI 2024-04 (latest official data) 121.23
CPI today 121.44

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 1981 and 2023, use the corresponding CPI values:

Value2023
=Value1981 ×
CPI2023/CPI1981
=€ 100 ×
119.03/33.41
€356.3

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 121.44:

Valuetoday
=Value1981 ×
CPItoday/CPI1981
=€ 100 ×
121.44/33.41
€363.5

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 42 years between 1981 and 2023 and the average inflation rate was 3.0715%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.030715)42
€356.3

Ireland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1981 €3.56 euro in 2023
€5 euro in 1981 €17.81 euro in 2023
€10 euro in 1981 €35.63 euro in 2023
€50 euro in 1981 €178.15 euro in 2023
€100 euro in 1981 €356.3 euro in 2023
€500 euro in 1981 €1,781.49 euro in 2023
€1,000 euro in 1981 €3,562.99 euro in 2023
€5,000 euro in 1981 €17,814.94 euro in 2023
€10,000 euro in 1981 €35,629.87 euro in 2023
€50,000 euro in 1981 €178,149.36 euro in 2023
€100,000 euro in 1981 €356,298.72 euro in 2023
€500,000 euro in 1981 €1,781,493.59 euro in 2023
€1,000,000 euro in 1981 €3,562,987.18 euro in 2023
Cumulative inflation From 1981 263.5%
Avg. annual inflation From 1981 3.05%
CPI 1981 33.41
CPI today 121.44

Value of Euro over time (by year)

Period Value
1981 100
1982 117.15
1983 129.39
1984 140.58
1985 148.16
1986 153.83
1987 158.7
1988 162.08
1989 168.71
1990 174.31
1991 179.9
1992 185.43
1993 188.15
1994 192.5
1995 197.36
1996 200.82
1997 203.92
1998 208.83
1999 212.23
2000 224.07
2001 234.94
2002 245.82
2003 254.4
2004 259.94
2005 266.33
2006 276.81
2007 290.33
2008 302.05
2009 288.62
2010 285.97
2011 293.26
2012 298.23
2013 299.76
2014 300.33
2015 299.34
2016 299.4
2017 300.48
2018 301.9
2019 304.73
2020 303.74
2021 310.85
2022 335.18
2023 356.3
2024-04 362.89
Today 363.5

All available years

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

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 | 2022 | 2023 |

Other currencies: