Value of 1964 Euro (Luxembourg) today

€100 in 1964
€736.09 in 2024

The inflation rate in Luxembourg between 1964 and today has been 636.09%, which translates into a total increase of €636.09. This means that 100 euro in 1964 are equivalent to 736.09 euro in 2024. In other words, the purchasing power of €100 in 1964 equals €736.09 today. The average annual inflation rate between these periods has been 3.38%.

Inflation timeline in Luxembourg (1964 - 2024)

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 1964-2023 614.18%
Cumulative inflation 1964-today 636.09%
Avg. Annual inflation 1964-2023 3.39%
CPI 1964 16.83
CPI 2023 120.18
CPI 2024-08 (latest official data) 123.76
CPI today 123.87

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 1964 and 2023, use the corresponding CPI values:

Value2023
=Value1964 ×
CPI2023/CPI1964
=€ 100 ×
120.18/16.83
€714.18

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 123.87:

Valuetoday
=Value1964 ×
CPItoday/CPI1964
=€ 100 ×
123.87/16.83
€736.09

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 1964 and 2023 and the average inflation rate was 3.3883%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.033883)59
€714.18

Luxembourg inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1964 €7.14 euro in 2023
€5 euro in 1964 €35.71 euro in 2023
€10 euro in 1964 €71.42 euro in 2023
€50 euro in 1964 €357.09 euro in 2023
€100 euro in 1964 €714.18 euro in 2023
€500 euro in 1964 €3,570.88 euro in 2023
€1,000 euro in 1964 €7,141.76 euro in 2023
€5,000 euro in 1964 €35,708.81 euro in 2023
€10,000 euro in 1964 €71,417.62 euro in 2023
€50,000 euro in 1964 €357,088.1 euro in 2023
€100,000 euro in 1964 €714,176.2 euro in 2023
€500,000 euro in 1964 €3,570,881 euro in 2023
€1,000,000 euro in 1964 €7,141,761.99 euro in 2023
 Cumulative inflation From 1964 636.09% Avg. annual inflation From 1964 3.38% CPI 1964 16.83 CPI today 123.87

Value of Euro over time (by year)

Period Value
1964 100
1965 103.33
1966 106.78
1967 109.09
1968 111.95
1969 114.52
1970 119.84
1971 125.43
1972 131.99
1973 140
1974 153.35
1975 169.79
1976 186.43
1977 198.93
1978 205.08
1979 214.41
1980 227.91
1981 246.31
1982 269.36
1983 292.71
1984 311.55
1985 324.31
1986 325.26
1987 325.08
1988 329.75
1989 340.86
1990 351.95
1991 362.93
1992 374.38
1993 387.81
1994 396.32
1995 403.72
1996 408.5
1997 414.09
1998 418.06
1999 422.34
2000 435.65
2001 447.26
2002 456.53
2003 465.89
2004 476.26
2005 488.11
2006 501.12
2007 512.71
2008 530.15
2009 532.1
2010 544.2
2011 562.76
2012 577.75
2013 587.77
2014 591.46
2015 594.27
2016 596
2017 606.31
2018 615.58
2019 626.31
2020 631.44
2021 647.4
2022 688.42
2023 714.18
2024-08 735.47
Today 736.09

All available years

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

1955 | 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 | 2022 | 2023 |

Other currencies: