Value of 2000 Euro (Latvia) today

€100 in 2000
€261.43 in 2023

The inflation rate in Latvia between 2000 and today has been 161.43%, which translates into a total increase of €161.43. This means that 100 euro in 2000 are equivalent to 261.43 euro in 2023. In other words, the purchasing power of €100 in 2000 equals €261.43 today. The average annual inflation rate between these periods has been 4.27%.

Inflation timeline in Latvia (2000 - 2023)

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 2000-2022 139.78%
Cumulative inflation 2000-today 161.43%
Avg. Annual inflation 2000-2022 4.06%
CPI 2000 55.02
CPI 2022 131.93
CPI 2022-12 (latest official data) 141.18
CPI today 143.84

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 2000 and 2022, use the corresponding CPI values:

Value2022
=Value2000 ×
CPI2022/CPI2000
=€ 100 ×
131.93/55.02
€239.78

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 143.84:

Valuetoday
=Value2000 ×
CPItoday/CPI2000
=€ 100 ×
143.84/55.02
€261.43

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 22 years between 2000 and 2022 and the average inflation rate was 4.0554%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=€100 × (1 + 0.040554)22
€239.78

Latvia inflation - Conversion table

Initial Value Equivalent value
€1 euro in 2000 €2.4 euro in 2022
€5 euro in 2000 €11.99 euro in 2022
€10 euro in 2000 €23.98 euro in 2022
€50 euro in 2000 €119.89 euro in 2022
€100 euro in 2000 €239.78 euro in 2022
€500 euro in 2000 €1,198.91 euro in 2022
€1,000 euro in 2000 €2,397.82 euro in 2022
€5,000 euro in 2000 €11,989.12 euro in 2022
€10,000 euro in 2000 €23,978.25 euro in 2022
€50,000 euro in 2000 €119,891.25 euro in 2022
€100,000 euro in 2000 €239,782.5 euro in 2022
€500,000 euro in 2000 €1,198,912.5 euro in 2022
€1,000,000 euro in 2000 €2,397,825 euro in 2022
Cumulative inflation From 2000 161.43%
Avg. annual inflation From 2000 4.27%
CPI 2000 55.02
CPI today 143.84

Value of Euro over time (by year)

Period Value
2000 100
2001 102.49
2002 104.47
2003 107.55
2004 114.21
2005 121.92
2006 129.88
2007 142.99
2008 165.02
2009 170.85
2010 169
2011 176.38
2012 180.37
2013 180.31
2014 181.43
2015 181.75
2016 182
2017 187.34
2018 192.08
2019 197.48
2020 197.92
2021 204.4
2022 239.78
2022-12 256.59
Today 261.43

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 | 2022 |

Other currencies: