Value of 1994 Euro (Latvia) today

€100 in 1994
€445.38 in 2022

The inflation rate in Latvia between 1994 and today has been 345.38%, which translates into a total increase of €345.38. This means that 100 euro in 1994 are equivalent to 445.38 euro in 2022. In other words, the purchasing power of €100 in 1994 equals €445.38 today. The average annual inflation rate between these periods has been 5.48%.

Inflation timeline in Latvia (1994 - 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 1994-2021 258.27%
Cumulative inflation 1994-today 345.38%
Avg. Annual inflation 1994-2021 4.84%
CPI 1994 31.39
CPI 2021 112.46
CPI 2022-08 (latest official data) 136.98
CPI today 139.81

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 1994 and 2021, use the corresponding CPI values:

Value2021
=Value1994 ×
CPI2021/CPI1994
=€ 100 ×
112.46/31.39
€358.27

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 139.81:

Valuetoday
=Value1994 ×
CPItoday/CPI1994
=€ 100 ×
139.81/31.39
€445.38

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 27 years between 1994 and 2021 and the average inflation rate was 4.8399%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.048399)27
€358.27

Latvia inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1994 €3.58 euro in 2021
€5 euro in 1994 €17.91 euro in 2021
€10 euro in 1994 €35.83 euro in 2021
€50 euro in 1994 €179.14 euro in 2021
€100 euro in 1994 €358.27 euro in 2021
€500 euro in 1994 €1,791.37 euro in 2021
€1,000 euro in 1994 €3,582.74 euro in 2021
€5,000 euro in 1994 €17,913.71 euro in 2021
€10,000 euro in 1994 €35,827.42 euro in 2021
€50,000 euro in 1994 €179,137.1 euro in 2021
€100,000 euro in 1994 €358,274.2 euro in 2021
€500,000 euro in 1994 €1,791,371.02 euro in 2021
€1,000,000 euro in 1994 €3,582,742.05 euro in 2021
Cumulative inflation From 1994 345.38%
Avg. annual inflation From 1994 5.48%
CPI 1994 31.39
CPI today 139.81

Value of Euro over time (by year)

Period Value
1994 100
1995 124.98
1996 146.98
1997 159.4
1998 166.8
1999 170.75
2000 175.28
2001 179.64
2002 183.12
2003 188.51
2004 200.19
2005 213.69
2006 227.66
2007 250.64
2008 289.24
2009 299.47
2010 296.22
2011 309.17
2012 316.15
2013 316.05
2014 318.01
2015 318.57
2016 319.02
2017 328.36
2018 336.69
2019 346.15
2020 346.91
2021 358.27
2022-08 436.36
Today 445.38

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: