Value of 1962 Euro (Luxembourg) today

€100 in 1962
€740.32 in 2022

The inflation rate in Luxembourg between 1962 and today has been 640.32%, which translates into a total increase of €640.32. This means that 100 euro in 1962 are equivalent to 740.32 euro in 2022. In other words, the purchasing power of €100 in 1962 equals €740.32 today. The average annual inflation rate between these periods has been 3.39%.

Inflation timeline in Luxembourg (1962 - 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 1962-2021 586.64%
Cumulative inflation 1962-today 640.32%
Avg. Annual inflation 1962-2021 3.32%
CPI 1962 15.87
CPI 2021 108.94
CPI 2022-08 (latest official data) 116.7
CPI today 117.46

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 1962 and 2021, use the corresponding CPI values:

Value2021
=Value1962 ×
CPI2021/CPI1962
=€ 100 ×
108.94/15.87
€686.64

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 117.46:

Valuetoday
=Value1962 ×
CPItoday/CPI1962
=€ 100 ×
117.46/15.87
€740.32

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 59 years between 1962 and 2021 and the average inflation rate was 3.3194%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.033194)59
€686.64

Luxembourg inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1962 €6.87 euro in 2021
€5 euro in 1962 €34.33 euro in 2021
€10 euro in 1962 €68.66 euro in 2021
€50 euro in 1962 €343.32 euro in 2021
€100 euro in 1962 €686.64 euro in 2021
€500 euro in 1962 €3,433.22 euro in 2021
€1,000 euro in 1962 €6,866.44 euro in 2021
€5,000 euro in 1962 €34,332.2 euro in 2021
€10,000 euro in 1962 €68,664.39 euro in 2021
€50,000 euro in 1962 €343,321.97 euro in 2021
€100,000 euro in 1962 €686,643.95 euro in 2021
€500,000 euro in 1962 €3,433,219.73 euro in 2021
€1,000,000 euro in 1962 €6,866,439.47 euro in 2021
Cumulative inflation From 1962 640.32%
Avg. annual inflation From 1962 3.39%
CPI 1962 15.87
CPI today 117.46

Value of Euro over time (by year)

Period Value
1962 100
1963 102.88
1964 106.06
1965 109.6
1966 113.25
1967 115.7
1968 118.74
1969 121.46
1970 127.1
1971 133.04
1972 139.99
1973 148.48
1974 162.65
1975 180.08
1976 197.73
1977 210.99
1978 217.51
1979 227.4
1980 241.73
1981 261.24
1982 285.69
1983 310.46
1984 330.44
1985 343.96
1986 344.98
1987 344.78
1988 349.73
1989 361.52
1990 373.29
1991 384.93
1992 397.07
1993 411.32
1994 420.34
1995 428.19
1996 433.26
1997 439.19
1998 443.4
1999 447.94
2000 462.06
2001 474.37
2002 484.21
2003 494.13
2004 505.13
2005 517.69
2006 531.5
2007 543.79
2008 562.29
2009 564.36
2010 577.19
2011 596.87
2012 612.77
2013 623.39
2014 627.31
2015 630.29
2016 632.12
2017 643.07
2018 652.89
2019 664.27
2020 669.72
2021 686.64
2022-08 735.55
Today 740.32

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: