Value of 1987 Euro (Ireland) today

€100 in 1987

€195.2 in 2019

The inflation rate in Ireland between 1987 and today has been 95.2%, which translates into a total increase of €95.2. This means that 100 euro in 1987 are equivalent to 195.2 euro in 2019. In other words, the purchasing power of €100 in 1987 equals €195.2 today. The average annual inflation rate has been 2.05%.

Inflation timeline in Ireland (1987-2019)

The following chart depicts the equivalence of €100 throughout the years due to 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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1987-2019) 95.13%
Total Inflation* 95.2%
Annual inflation avg. (1987-2019) 2.11%
Annual inflation avg.* 2.05%
CPI 1987 51.64
CPI 2019 100.77
CPI today* 100.81
€1 in 1987 €1.95 in 2019

* 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 32 years between 1987 and 2019 and the average inflation rate has been 2.0475%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.02)32 = €195.13

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 1987 was 51.64 and the CPI today is 100.81. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
100.77/51.64
= €195.13

Ireland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1987 €1.95 euro today
€5 euro in 1987 €9.76 euro today
€10 euro in 1987 €19.52 euro today
€50 euro in 1987 €97.6 euro today
€100 euro in 1987 €195.2 euro today
€500 euro in 1987 €976 euro today
€1,000 euro in 1987 €1,952 euro today
€5,000 euro in 1987 €9,759.98 euro today
€10,000 euro in 1987 €19,519.95 euro today
€50,000 euro in 1987 €97,599.76 euro today
€100,000 euro in 1987 €195,199.52 euro today
€500,000 euro in 1987 €975,997.58 euro today
€1,000,000 euro in 1987 €1,951,995.16 euro today

Value of Euro in time (by year)

Period Value
1987 100
1988 103.05
1989 105.9
1990 110.86
1991 113.71
1992 117.9
1993 120.57
1994 122.48
1995 125.33
1996 128.38
1997 130.86
1998 133.37
1999 135.68
2000 140.31
2001 148.42
2002 154.79
2003 162.51
2004 165.6
2005 170.04
2006 174.09
2007 182.78
2008 191.27
2009 193.39
2010 183.74
2011 186.25
2012 190.69
2013 193
2014 193.39
2015 192.81
2016 193
2017 193
2018 193.78
2019 195.13
Today 195.2