Value of 1984 Euro (Ireland) today

€100 in 1984
€243.17 in 2022

The inflation rate in Ireland between 1984 and today has been 143.17%, which translates into a total increase of €143.17. This means that 100 euro in 1984 are equivalent to 243.17 euro in 2022. In other words, the purchasing power of €100 in 1984 equals €243.17 today. The average annual inflation rate between these periods has been 2.37%.

Inflation timeline in Ireland (1984 - 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 1984-2021 121.18%
Cumulative inflation 1984-today 143.17%
Avg. Annual inflation 1984-2021 2.17%
CPI 1984 46.95
CPI 2021 103.84
CPI 2022-08 (latest official data) 113.43
CPI today 114.16

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 1984 and 2021, use the corresponding CPI values:

Value2021
=Value1984 ×
CPI2021/CPI1984
=€ 100 ×
103.84/46.95
€221.18

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 114.16:

Valuetoday
=Value1984 ×
CPItoday/CPI1984
=€ 100 ×
114.16/46.95
€243.17

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 37 years between 1984 and 2021 and the average inflation rate was 2.1686%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.021686)37
€221.18

Ireland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1984 €2.21 euro in 2021
€5 euro in 1984 €11.06 euro in 2021
€10 euro in 1984 €22.12 euro in 2021
€50 euro in 1984 €110.59 euro in 2021
€100 euro in 1984 €221.18 euro in 2021
€500 euro in 1984 €1,105.9 euro in 2021
€1,000 euro in 1984 €2,211.79 euro in 2021
€5,000 euro in 1984 €11,058.97 euro in 2021
€10,000 euro in 1984 €22,117.93 euro in 2021
€50,000 euro in 1984 €110,589.66 euro in 2021
€100,000 euro in 1984 €221,179.32 euro in 2021
€500,000 euro in 1984 €1,105,896.62 euro in 2021
€1,000,000 euro in 1984 €2,211,793.25 euro in 2021
Cumulative inflation From 1984 143.17%
Avg. annual inflation From 1984 2.37%
CPI 1984 46.95
CPI today 114.16

Value of Euro over time (by year)

Period Value
1984 100
1985 105.4
1986 109.43
1987 112.89
1988 115.3
1989 120.01
1990 123.99
1991 127.97
1992 131.9
1993 133.84
1994 136.93
1995 140.39
1996 142.85
1997 145.03
1998 148.53
1999 150.96
2000 159.4
2001 167.16
2002 174.88
2003 180.98
2004 184.96
2005 189.46
2006 196.9
2007 206.55
2008 214.93
2009 205.31
2010 203.42
2011 208.62
2012 212.16
2013 213.24
2014 213.62
2015 213.01
2016 213.02
2017 213.75
2018 214.79
2019 216.81
2020 216.08
2021 221.18
2022-08 241.61
Today 243.17

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 |

Other currencies: