Value of 1995 Euro (Latvia) today

€100 in 1995
€372.8 in 2024

The inflation rate in Latvia between 1995 and today has been 272.8%, which translates into a total increase of €272.8. This means that 100 euro in 1995 are equivalent to 372.8 euro in 2024. In other words, the purchasing power of €100 in 1995 equals €372.8 today. The average annual inflation rate between these periods has been 4.64%.

Inflation timeline in Latvia (1995 - 2024)

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 1995-2023 266.36%
Cumulative inflation 1995-today 272.8%
Avg. Annual inflation 1995-2023 4.75%
CPI 1995 39.23
CPI 2023 143.72
CPI 2024-05 (latest official data) 146.25
CPI today 146.25

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 1995 and 2023, use the corresponding CPI values:

Value2023
=Value1995 ×
CPI2023/CPI1995
=€ 100 ×
143.72/39.23
€366.36

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 146.25:

Valuetoday
=Value1995 ×
CPItoday/CPI1995
=€ 100 ×
146.25/39.23
€372.8

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 1995 and 2023 and the average inflation rate was 4.7465%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.047465)28
€366.36

Latvia inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1995 €3.66 euro in 2023
€5 euro in 1995 €18.32 euro in 2023
€10 euro in 1995 €36.64 euro in 2023
€50 euro in 1995 €183.18 euro in 2023
€100 euro in 1995 €366.36 euro in 2023
€500 euro in 1995 €1,831.79 euro in 2023
€1,000 euro in 1995 €3,663.57 euro in 2023
€5,000 euro in 1995 €18,317.87 euro in 2023
€10,000 euro in 1995 €36,635.73 euro in 2023
€50,000 euro in 1995 €183,178.66 euro in 2023
€100,000 euro in 1995 €366,357.32 euro in 2023
€500,000 euro in 1995 €1,831,786.58 euro in 2023
€1,000,000 euro in 1995 €3,663,573.16 euro in 2023
Cumulative inflation From 1995 272.8%
Avg. annual inflation From 1995 4.64%
CPI 1995 39.23
CPI today 146.25

Value of Euro over time (by year)

Period Value
1995 100
1996 117.61
1997 127.55
1998 133.47
1999 136.63
2000 140.25
2001 143.74
2002 146.53
2003 150.84
2004 160.18
2005 170.99
2006 182.16
2007 200.55
2008 231.44
2009 239.62
2010 237.02
2011 247.38
2012 252.97
2013 252.89
2014 254.46
2015 254.9
2016 255.26
2017 262.74
2018 269.4
2019 276.97
2020 277.58
2021 286.67
2022 336.3
2023 366.36
2024-05 372.79
Today 372.8

All available years

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

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 | 2022 | 2023 |

Other currencies: