Value of 1997 Euro (Latvia) today

€100 in 1997
€292.18 in 2024

The inflation rate in Latvia between 1997 and today has been 192.18%, which translates into a total increase of €192.18. This means that 100 euro in 1997 are equivalent to 292.18 euro in 2024. In other words, the purchasing power of €100 in 1997 equals €292.18 today. The average annual inflation rate between these periods has been 4.05%.

Inflation timeline in Latvia (1997 - 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 1997-2023 187.24%
Cumulative inflation 1997-today 192.18%
Avg. Annual inflation 1997-2023 4.14%
CPI 1997 50.04
CPI 2023 143.72
CPI 2024-06 (latest official data) 146.06
CPI today 146.2

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 1997 and 2023, use the corresponding CPI values:

Value2023
=Value1997 ×
CPI2023/CPI1997
=€ 100 ×
143.72/50.04
€287.24

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 146.2:

Valuetoday
=Value1997 ×
CPItoday/CPI1997
=€ 100 ×
146.2/50.04
€292.18

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 26 years between 1997 and 2023 and the average inflation rate was 4.1417%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.041417)26
€287.24

Latvia inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1997 €2.87 euro in 2023
€5 euro in 1997 €14.36 euro in 2023
€10 euro in 1997 €28.72 euro in 2023
€50 euro in 1997 €143.62 euro in 2023
€100 euro in 1997 €287.24 euro in 2023
€500 euro in 1997 €1,436.18 euro in 2023
€1,000 euro in 1997 €2,872.37 euro in 2023
€5,000 euro in 1997 €14,361.83 euro in 2023
€10,000 euro in 1997 €28,723.66 euro in 2023
€50,000 euro in 1997 €143,618.31 euro in 2023
€100,000 euro in 1997 €287,236.62 euro in 2023
€500,000 euro in 1997 €1,436,183.11 euro in 2023
€1,000,000 euro in 1997 €2,872,366.22 euro in 2023
Cumulative inflation From 1997 192.18%
Avg. annual inflation From 1997 4.05%
CPI 1997 50.04
CPI today 146.2

Value of Euro over time (by year)

Period Value
1997 100
1998 104.64
1999 107.12
2000 109.96
2001 112.7
2002 114.88
2003 118.26
2004 125.59
2005 134.06
2006 142.82
2007 157.24
2008 181.46
2009 187.87
2010 185.83
2011 193.95
2012 198.33
2013 198.27
2014 199.51
2015 199.85
2016 200.13
2017 206
2018 211.22
2019 217.16
2020 217.63
2021 224.76
2022 263.67
2023 287.24
2024-06 291.9
Today 292.18

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: