Value of 1960 Euro (Luxembourg) today

€100 in 1960

€667.15 in 2019

The inflation rate in Luxembourg between 1960 and today has been 567.15%, which translates into a total increase of €567.15. This means that 100 euro in 1960 are equivalent to 667.15 euro in 2019. In other words, the purchasing power of €100 in 1960 equals €667.15 today. The average annual inflation rate has been 3.21%.

Inflation timeline in Luxembourg (1960-2019)

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 (1960-2019) 566.39%
Total Inflation* 567.15%
Annual inflation avg. (1960-2019) 3.27%
Annual inflation avg.* 3.21%
CPI 1960 15.65
CPI 2019 104.32
CPI today* 104.44
€1 in 1960 €6.66 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 59 years between 1960 and 2019 and the average inflation rate has been 3.2136%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.03)59 = €666.39

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 1960 was 15.65 and the CPI today is 104.44. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
104.32/15.65
= €666.39

Luxembourg inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1960 €6.67 euro today
€5 euro in 1960 €33.36 euro today
€10 euro in 1960 €66.71 euro today
€50 euro in 1960 €333.57 euro today
€100 euro in 1960 €667.15 euro today
€500 euro in 1960 €3,335.73 euro today
€1,000 euro in 1960 €6,671.47 euro today
€5,000 euro in 1960 €33,357.34 euro today
€10,000 euro in 1960 €66,714.68 euro today
€50,000 euro in 1960 €333,573.41 euro today
€100,000 euro in 1960 €667,146.82 euro today
€500,000 euro in 1960 €3,335,734.1 euro today
€1,000,000 euro in 1960 €6,671,468.2 euro today

Value of Euro in time (by year)

Period Value
1960 100
1961 100.68
1962 101.08
1963 101.91
1964 105.91
1965 108.92
1966 113.71
1967 115.46
1968 118.98
1969 121.72
1970 125.15
1971 130.57
1972 137.77
1973 145.86
1974 154.82
1975 172.22
1976 190.97
1977 207.14
1978 216.12
1979 223.41
1980 236.78
1981 253.34
1982 273.71
1983 302.25
1984 326.5
1985 339.84
1986 353.9
1987 348.88
1988 351.15
1989 357.88
1990 371.88
1991 385.85
1992 395.92
1993 407.38
1994 422.1
1995 430.57
1996 435.99
1997 441.79
1998 448.29
1999 450.09
2000 460.76
2001 476.74
2002 484.95
2003 495.8
2004 506.03
2005 516.92
2006 529.75
2007 542.08
2008 560.28
2009 566.42
2010 576.57
2011 592.54
2012 611.39
2013 625.57
2014 635.21
2015 631.32
2016 638.22
2017 645.43
2018 654.19
2019 666.39
Today 667.15