Value of 1961 Euro (Luxembourg) today

€100 in 1961

€661.92 today

The inflation rate in Luxembourg between 1961 and today has been 561.92%, which translates into a total increase of €561.92. This means that 100 euro in 1961 are equivalent to 661.92 euro in 2018. In other words, the purchasing power of €100 in 1961 equals €661.92 today. The average annual inflation rate has been 3.31%.

Inflation timeline in Luxembourg (1961-2019)

The following chart ilustrates the equivalence of €100 throughout the years due to inflation and CPI changes. All values are equivalent in terms of purchashing 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 (1961-2018) 549.79%
Total Inflation* 561.92%
Annual inflation avg. (1961-2018) 3.34%
Annual inflation avg.* 3.31%
CPI 1961 15.76
CPI 2018 102.41
CPI today* 104.32
€1 in 1961 €6.5 in 2018

* 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 57 years between 1961 and 2018 and the average inflation rate has been 3.3123%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.03)57 = €649.79

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 1961 was 15.76 and the CPI today is 104.32. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
102.41/15.76
= €649.79

Luxembourg inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1961 €6.62 euro today
€5 euro in 1961 €33.1 euro today
€10 euro in 1961 €66.19 euro today
€50 euro in 1961 €330.96 euro today
€100 euro in 1961 €661.92 euro today
€500 euro in 1961 €3,309.6 euro today
€1,000 euro in 1961 €6,619.21 euro today
€5,000 euro in 1961 €33,096.03 euro today
€10,000 euro in 1961 €66,192.06 euro today
€50,000 euro in 1961 €330,960.31 euro today
€100,000 euro in 1961 €661,920.63 euro today
€500,000 euro in 1961 €3,309,603.13 euro today
€1,000,000 euro in 1961 €6,619,206.26 euro today

Value of Euro in time (by year)

Period Value
1961 100
1962 100.4
1963 101.23
1964 105.2
1965 108.19
1966 112.95
1967 114.69
1968 118.19
1969 120.9
1970 124.31
1971 129.69
1972 136.84
1973 144.89
1974 153.78
1975 171.07
1976 189.69
1977 205.75
1978 214.67
1979 221.91
1980 235.19
1981 251.64
1982 271.87
1983 300.22
1984 324.3
1985 337.55
1986 351.52
1987 346.53
1988 348.8
1989 355.48
1990 369.38
1991 383.26
1992 393.26
1993 404.65
1994 419.26
1995 427.68
1996 433.07
1997 438.82
1998 445.28
1999 447.07
2000 457.67
2001 473.54
2002 481.7
2003 492.47
2004 502.63
2005 513.45
2006 526.19
2007 538.44
2008 556.52
2009 562.61
2010 572.7
2011 588.56
2012 607.28
2013 621.37
2014 630.95
2015 627.08
2016 633.93
2017 641.1
2018 649.79
Today 661.92