Value of 1999 Euro (Latvia) today

€100 in 1999

€202.34 in 2019

The inflation rate in Latvia between 1999 and today has been 102.34%, which translates into a total increase of €102.34. This means that 100 euro in 1999 are equivalent to 202.34 euro in 2019. In other words, the purchasing power of €100 in 1999 equals €202.34 today. The average annual inflation rate has been 3.41%.

Inflation timeline in Latvia (1999-2019)

The following chart depicts the equivalence of €100 throughout the years due to 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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1999-2019) 102.11%
Total Inflation* 102.34%
Annual inflation avg. (1999-2019) 3.58%
Annual inflation avg.* 3.41%
CPI 1999 52.65
CPI 2019 106.4
CPI today* 106.52
€1 in 1999 €2.02 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 20 years between 1999 and 2019 and the average inflation rate has been 3.4129%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.03)20 = €202.11

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 1999 was 52.65 and the CPI today is 106.52. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
106.4/52.65
= €202.11

Latvia inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1999 €2.02 euro today
€5 euro in 1999 €10.12 euro today
€10 euro in 1999 €20.23 euro today
€50 euro in 1999 €101.17 euro today
€100 euro in 1999 €202.34 euro today
€500 euro in 1999 €1,011.68 euro today
€1,000 euro in 1999 €2,023.36 euro today
€5,000 euro in 1999 €10,116.79 euro today
€10,000 euro in 1999 €20,233.58 euro today
€50,000 euro in 1999 €101,167.9 euro today
€100,000 euro in 1999 €202,335.81 euro today
€500,000 euro in 1999 €1,011,679.04 euro today
€1,000,000 euro in 1999 €2,023,358.08 euro today

Value of Euro in time (by year)

Period Value
1999 100
2000 103.2
2001 105.05
2002 108.39
2003 109.89
2004 113.86
2005 122.2
2006 130.71
2007 139.64
2008 159.28
2009 176.07
2010 174.01
2011 178.43
2012 185.62
2013 188.58
2014 187.79
2015 188.16
2016 188.81
2017 192.93
2018 197.08
2019 202.11
Today 202.34