Value of 1962 Euro (Luxembourg) today

€100 in 1962

€659.99 in 2019

The inflation rate in Luxembourg between 1962 and today has been 559.99%, which translates into a total increase of €559.99. This means that 100 euro in 1962 are equivalent to 659.99 euro in 2019. In other words, the purchasing power of €100 in 1962 equals €659.99 today. The average annual inflation rate has been 3.31%.

Inflation timeline in Luxembourg (1962-2019)

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 (1962-2019) 559.28%
Total Inflation* 559.99%
Annual inflation avg. (1962-2019) 3.36%
Annual inflation avg.* 3.31%
CPI 1962 15.82
CPI 2019 104.32
CPI today* 104.43
€1 in 1962 €6.59 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 57 years between 1962 and 2019 and the average inflation rate has been 3.3071%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.03)57 = €659.28

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 1962 was 15.82 and the CPI today is 104.43. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
104.32/15.82
= €659.28

Luxembourg inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1962 €6.6 euro today
€5 euro in 1962 €33 euro today
€10 euro in 1962 €66 euro today
€50 euro in 1962 €330 euro today
€100 euro in 1962 €659.99 euro today
€500 euro in 1962 €3,299.97 euro today
€1,000 euro in 1962 €6,599.95 euro today
€5,000 euro in 1962 €32,999.74 euro today
€10,000 euro in 1962 €65,999.49 euro today
€50,000 euro in 1962 €329,997.43 euro today
€100,000 euro in 1962 €659,994.86 euro today
€500,000 euro in 1962 €3,299,974.3 euro today
€1,000,000 euro in 1962 €6,599,948.6 euro today

Value of Euro in time (by year)

Period Value
1962 100
1963 100.83
1964 104.78
1965 107.76
1966 112.5
1967 114.23
1968 117.71
1969 120.42
1970 123.81
1971 129.18
1972 136.3
1973 144.31
1974 153.17
1975 170.39
1976 188.93
1977 204.93
1978 213.81
1979 221.02
1980 234.25
1981 250.64
1982 270.79
1983 299.02
1984 323.01
1985 336.21
1986 350.12
1987 345.15
1988 347.41
1989 354.07
1990 367.91
1991 381.74
1992 391.69
1993 403.03
1994 417.59
1995 425.98
1996 431.34
1997 437.08
1998 443.51
1999 445.29
2000 455.84
2001 471.66
2002 479.78
2003 490.51
2004 500.63
2005 511.41
2006 524.1
2007 536.3
2008 554.31
2009 560.37
2010 570.42
2011 586.22
2012 604.86
2013 618.89
2014 628.44
2015 624.58
2016 631.41
2017 638.55
2018 647.21
2019 659.28
Today 659.99