Value of 2001 Euro (Latvia) today

€100 in 2001
€258.92 in 2024

The inflation rate in Latvia between 2001 and today has been 158.92%, which translates into a total increase of €158.92. This means that 100 euro in 2001 are equivalent to 258.92 euro in 2024. In other words, the purchasing power of €100 in 2001 equals €258.92 today. The average annual inflation rate between these periods has been 4.22%.

Inflation timeline in Latvia (2001 - 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 2001-2023 154.88%
Cumulative inflation 2001-today 158.92%
Avg. Annual inflation 2001-2023 4.34%
CPI 2001 56.39
CPI 2023 143.72
CPI 2024-04 (latest official data) 145.88
CPI today 146.01

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 2001 and 2023, use the corresponding CPI values:

Value2023
=Value2001 ×
CPI2023/CPI2001
=€ 100 ×
143.72/56.39
€254.88

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 146.01:

Valuetoday
=Value2001 ×
CPItoday/CPI2001
=€ 100 ×
146.01/56.39
€258.92

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 2001 and 2023 and the average inflation rate was 4.3445%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.043445)22
€254.88

Latvia inflation - Conversion table

Initial Value Equivalent value
€1 euro in 2001 €2.55 euro in 2023
€5 euro in 2001 €12.74 euro in 2023
€10 euro in 2001 €25.49 euro in 2023
€50 euro in 2001 €127.44 euro in 2023
€100 euro in 2001 €254.88 euro in 2023
€500 euro in 2001 €1,274.38 euro in 2023
€1,000 euro in 2001 €2,548.75 euro in 2023
€5,000 euro in 2001 €12,743.77 euro in 2023
€10,000 euro in 2001 €25,487.54 euro in 2023
€50,000 euro in 2001 €127,437.71 euro in 2023
€100,000 euro in 2001 €254,875.43 euro in 2023
€500,000 euro in 2001 €1,274,377.13 euro in 2023
€1,000,000 euro in 2001 €2,548,754.26 euro in 2023
Cumulative inflation From 2001 158.92%
Avg. annual inflation From 2001 4.22%
CPI 2001 56.39
CPI today 146.01

Value of Euro over time (by year)

Period Value
2001 100
2002 101.94
2003 104.94
2004 111.44
2005 118.96
2006 126.73
2007 139.52
2008 161.01
2009 166.7
2010 164.9
2011 172.1
2012 175.99
2013 175.94
2014 177.03
2015 177.34
2016 177.59
2017 182.79
2018 187.42
2019 192.69
2020 193.11
2021 199.44
2022 233.96
2023 254.88
2024-04 258.7
Today 258.92

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: