Value of 1960 Euro (Luxembourg) today

€100 in 1960
€744.27 in 2022

The inflation rate in Luxembourg between 1960 and today has been 644.27%, which translates into a total increase of €644.27. This means that 100 euro in 1960 are equivalent to 744.27 euro in 2022. In other words, the purchasing power of €100 in 1960 equals €744.27 today. The average annual inflation rate between these periods has been 3.29%.

Inflation timeline in Luxembourg (1960 - 2022)

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 1960-2021 596.14%
Cumulative inflation 1960-today 644.27%
Avg. Annual inflation 1960-2021 3.23%
CPI 1960 15.65
CPI 2021 108.94
CPI 2022-05 (latest official data) 115.87
CPI today 116.47

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 1960 and 2021, use the corresponding CPI values:

Value2021
=Value1960 ×
CPI2021/CPI1960
=€ 100 ×
108.94/15.65
€696.14

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 116.47:

Valuetoday
=Value1960 ×
CPItoday/CPI1960
=€ 100 ×
116.47/15.65
€744.27

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 61 years between 1960 and 2021 and the average inflation rate was 3.2321%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.032321)61
€696.14

Luxembourg inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1960 €6.96 euro in 2021
€5 euro in 1960 €34.81 euro in 2021
€10 euro in 1960 €69.61 euro in 2021
€50 euro in 1960 €348.07 euro in 2021
€100 euro in 1960 €696.14 euro in 2021
€500 euro in 1960 €3,480.69 euro in 2021
€1,000 euro in 1960 €6,961.38 euro in 2021
€5,000 euro in 1960 €34,806.92 euro in 2021
€10,000 euro in 1960 €69,613.85 euro in 2021
€50,000 euro in 1960 €348,069.24 euro in 2021
€100,000 euro in 1960 €696,138.49 euro in 2021
€500,000 euro in 1960 €3,480,692.43 euro in 2021
€1,000,000 euro in 1960 €6,961,384.85 euro in 2021
Cumulative inflation From 1960 644.27%
Avg. annual inflation From 1960 3.29%
CPI 1960 15.65
CPI today 116.47

Value of Euro over time (by year)

Period Value
1960 100
1961 100.48
1962 101.38
1963 104.3
1964 107.53
1965 111.11
1966 114.81
1967 117.3
1968 120.38
1969 123.14
1970 128.86
1971 134.88
1972 141.93
1973 150.54
1974 164.9
1975 182.57
1976 200.46
1977 213.9
1978 220.52
1979 230.55
1980 245.07
1981 264.86
1982 289.64
1983 314.75
1984 335.01
1985 348.72
1986 349.75
1987 349.55
1988 354.57
1989 366.52
1990 378.45
1991 390.25
1992 402.56
1993 417
1994 426.16
1995 434.12
1996 439.25
1997 445.26
1998 449.53
1999 454.14
2000 468.45
2001 480.93
2002 490.9
2003 500.96
2004 512.11
2005 524.85
2006 538.85
2007 551.31
2008 570.06
2009 572.16
2010 585.17
2011 605.13
2012 621.24
2013 632.01
2014 635.99
2015 639.01
2016 640.86
2017 651.96
2018 661.92
2019 673.46
2020 678.98
2021 696.14
2022-05 740.42
Today 744.27

All available years

Today's value of euro (Luxembourg) by year:

1956 | 1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 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 |

Other currencies: