Value of 1994 Euro (Latvia) today

€100 in 1994

€391.46 in 2019

The inflation rate in Latvia between 1994 and today has been 291.46%, which translates into a total increase of €291.46. This means that 100 euro in 1994 are equivalent to 391.46 euro in 2019. In other words, the purchasing power of €100 in 1994 equals €391.46 today. The average annual inflation rate has been 5.39%.

Inflation timeline in Latvia (1994-2019)

The following chart ilustrates the equivalence of €100 throughout the years due to inflation and CPI changes. All values are equivalent in terms of purchashing 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 (1994-2019) 290.82%
Total Inflation* 291.46%
Annual inflation avg. (1994-2019) 5.6%
Annual inflation avg.* 5.39%
CPI 1994 27.23
CPI 2019 106.4
CPI today* 106.58
€1 in 1994 €3.91 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 25 years between 1994 and 2019 and the average inflation rate has been 5.3891%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.05)25 = €390.82

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 1994 was 27.23 and the CPI today is 106.58. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
106.4/27.23
= €390.82

Latvia inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1994 €3.91 euro today
€5 euro in 1994 €19.57 euro today
€10 euro in 1994 €39.15 euro today
€50 euro in 1994 €195.73 euro today
€100 euro in 1994 €391.46 euro today
€500 euro in 1994 €1,957.3 euro today
€1,000 euro in 1994 €3,914.59 euro today
€5,000 euro in 1994 €19,572.97 euro today
€10,000 euro in 1994 €39,145.94 euro today
€50,000 euro in 1994 €195,729.72 euro today
€100,000 euro in 1994 €391,459.44 euro today
€500,000 euro in 1994 €1,957,297.22 euro today
€1,000,000 euro in 1994 €3,914,594.44 euro today

Value of Euro in time (by year)

Period Value
1994 100
1995 126.26
1996 155.46
1997 175.85
1998 188.18
1999 193.37
2000 199.56
2001 203.14
2002 209.6
2003 212.5
2004 220.18
2005 236.3
2006 252.76
2007 270.04
2008 308.01
2009 340.47
2010 336.49
2011 345.04
2012 358.94
2013 364.67
2014 363.14
2015 363.86
2016 365.11
2017 373.07
2018 381.1
2019 390.82
Today 391.46