Value of 1959 Euro (Luxembourg) today

€100 in 1959

€670.29 in 2019

The inflation rate in Luxembourg between 1959 and today has been 570.29%, which translates into a total increase of €570.29. This means that 100 euro in 1959 are equivalent to 670.29 euro in 2019. In other words, the purchasing power of €100 in 1959 equals €670.29 today. The average annual inflation rate has been 3.17%.

Inflation timeline in Luxembourg (1959-2019)

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 (1959-2019) 569.59%
Total Inflation* 570.29%
Annual inflation avg. (1959-2019) 3.22%
Annual inflation avg.* 3.17%
CPI 1959 15.58
CPI 2019 104.32
CPI today* 104.43
€1 in 1959 €6.7 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 60 years between 1959 and 2019 and the average inflation rate has been 3.1681%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.03)60 = €669.59

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 1959 was 15.58 and the CPI today is 104.43. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
104.32/15.58
= €669.59

Luxembourg inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1959 €6.7 euro today
€5 euro in 1959 €33.51 euro today
€10 euro in 1959 €67.03 euro today
€50 euro in 1959 €335.14 euro today
€100 euro in 1959 €670.29 euro today
€500 euro in 1959 €3,351.43 euro today
€1,000 euro in 1959 €6,702.85 euro today
€5,000 euro in 1959 €33,514.26 euro today
€10,000 euro in 1959 €67,028.52 euro today
€50,000 euro in 1959 €335,142.61 euro today
€100,000 euro in 1959 €670,285.21 euro today
€500,000 euro in 1959 €3,351,426.06 euro today
€1,000,000 euro in 1959 €6,702,852.13 euro today

Value of Euro in time (by year)

Period Value
1959 100
1960 100.48
1961 101.16
1962 101.56
1963 102.4
1964 106.42
1965 109.45
1966 114.26
1967 116.02
1968 119.56
1969 122.3
1970 125.75
1971 131.2
1972 138.43
1973 146.57
1974 155.56
1975 173.05
1976 191.89
1977 208.14
1978 217.16
1979 224.48
1980 237.92
1981 254.56
1982 275.03
1983 303.7
1984 328.07
1985 341.47
1986 355.6
1987 350.55
1988 352.84
1989 359.6
1990 373.67
1991 387.71
1992 397.82
1993 409.34
1994 424.13
1995 432.64
1996 438.09
1997 443.91
1998 450.44
1999 452.25
2000 462.97
2001 479.04
2002 487.29
2003 498.18
2004 508.46
2005 519.41
2006 532.3
2007 544.68
2008 562.98
2009 569.14
2010 579.35
2011 595.39
2012 614.33
2013 628.58
2014 638.27
2015 634.35
2016 641.29
2017 648.54
2018 657.33
2019 669.59
Today 670.29