Value of 1993 Euro (Latvia) today

€100 in 1993
€601.18 in 2022

The inflation rate in Latvia between 1993 and today has been 501.18%, which translates into a total increase of €501.18. This means that 100 euro in 1993 are equivalent to 601.18 euro in 2022. In other words, the purchasing power of €100 in 1993 equals €601.18 today. The average annual inflation rate between these periods has been 6.38%.

Inflation timeline in Latvia (1993 - 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 1993-2021 386.98%
Cumulative inflation 1993-today 501.18%
Avg. Annual inflation 1993-2021 5.82%
CPI 1993 23.09
CPI 2021 112.46
CPI 2022-08 (latest official data) 136.98
CPI today 138.84

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 1993 and 2021, use the corresponding CPI values:

Value2021
=Value1993 ×
CPI2021/CPI1993
=€ 100 ×
112.46/23.09
€486.98

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 138.84:

Valuetoday
=Value1993 ×
CPItoday/CPI1993
=€ 100 ×
138.84/23.09
€601.18

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 28 years between 1993 and 2021 and the average inflation rate was 5.8167%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.058167)28
€486.98

Latvia inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1993 €4.87 euro in 2021
€5 euro in 1993 €24.35 euro in 2021
€10 euro in 1993 €48.7 euro in 2021
€50 euro in 1993 €243.49 euro in 2021
€100 euro in 1993 €486.98 euro in 2021
€500 euro in 1993 €2,434.92 euro in 2021
€1,000 euro in 1993 €4,869.83 euro in 2021
€5,000 euro in 1993 €24,349.16 euro in 2021
€10,000 euro in 1993 €48,698.32 euro in 2021
€50,000 euro in 1993 €243,491.61 euro in 2021
€100,000 euro in 1993 €486,983.22 euro in 2021
€500,000 euro in 1993 €2,434,916.11 euro in 2021
€1,000,000 euro in 1993 €4,869,832.22 euro in 2021
Cumulative inflation From 1993 501.18%
Avg. annual inflation From 1993 6.38%
CPI 1993 23.09
CPI today 138.84

Value of Euro over time (by year)

Period Value
1993 100
1994 135.92
1995 169.87
1996 199.79
1997 216.67
1998 226.73
1999 232.09
2000 238.25
2001 244.18
2002 248.91
2003 256.23
2004 272.1
2005 290.46
2006 309.45
2007 340.68
2008 393.15
2009 407.05
2010 402.63
2011 420.23
2012 429.72
2013 429.59
2014 432.26
2015 433.01
2016 433.62
2017 446.33
2018 457.64
2019 470.51
2020 471.54
2021 486.98
2022-08 593.13
Today 601.18

All available years

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

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: