Value of 2005 Euro (Latvia) today

€100 in 2005
€214.79 in 2023

The inflation rate in Latvia between 2005 and today has been 114.79%, which translates into a total increase of €114.79. This means that 100 euro in 2005 are equivalent to 214.79 euro in 2023. In other words, the purchasing power of €100 in 2005 equals €214.79 today. The average annual inflation rate between these periods has been 4.34%.

Inflation timeline in Latvia (2005 - 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 2005-2022 96.68%
Cumulative inflation 2005-today 114.79%
Avg. Annual inflation 2005-2022 4.06%
CPI 2005 67.08
CPI 2022 131.93
CPI 2022-12 (latest official data) 141.18
CPI today 144.08

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 2005 and 2022, use the corresponding CPI values:

Value2022
=Value2005 ×
CPI2022/CPI2005
=€ 100 ×
131.93/67.08
€196.68

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 144.08:

Valuetoday
=Value2005 ×
CPItoday/CPI2005
=€ 100 ×
144.08/67.08
€214.79

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 17 years between 2005 and 2022 and the average inflation rate was 4.0591%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=€100 × (1 + 0.040591)17
€196.68

Latvia inflation - Conversion table

Initial Value Equivalent value
€1 euro in 2005 €1.97 euro in 2022
€5 euro in 2005 €9.83 euro in 2022
€10 euro in 2005 €19.67 euro in 2022
€50 euro in 2005 €98.34 euro in 2022
€100 euro in 2005 €196.68 euro in 2022
€500 euro in 2005 €983.4 euro in 2022
€1,000 euro in 2005 €1,966.79 euro in 2022
€5,000 euro in 2005 €9,833.96 euro in 2022
€10,000 euro in 2005 €19,667.92 euro in 2022
€50,000 euro in 2005 €98,339.59 euro in 2022
€100,000 euro in 2005 €196,679.18 euro in 2022
€500,000 euro in 2005 €983,395.9 euro in 2022
€1,000,000 euro in 2005 €1,966,791.79 euro in 2022
Cumulative inflation From 2005 114.79%
Avg. annual inflation From 2005 4.34%
CPI 2005 67.08
CPI today 144.08

Value of Euro over time (by year)

Period Value
2005 100
2006 106.54
2007 117.29
2008 135.35
2009 140.14
2010 138.62
2011 144.68
2012 147.94
2013 147.9
2014 148.82
2015 149.08
2016 149.29
2017 153.66
2018 157.55
2019 161.98
2020 162.34
2021 167.66
2022 196.68
2022-12 210.47
Today 214.79

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: