Value of 1966 Euro (Luxembourg) today

€100 in 1966
€653.47 in 2022

The inflation rate in Luxembourg between 1966 and today has been 553.47%, which translates into a total increase of €553.47. This means that 100 euro in 1966 are equivalent to 653.47 euro in 2022. In other words, the purchasing power of €100 in 1966 equals €653.47 today. The average annual inflation rate between these periods has been 3.41%.

Inflation timeline in Luxembourg (1966 - 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 1966-2021 506.31%
Cumulative inflation 1966-today 553.47%
Avg. Annual inflation 1966-2021 3.33%
CPI 1966 17.97
CPI 2021 108.94
CPI 2022-08 (latest official data) 116.7
CPI today 117.41

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 1966 and 2021, use the corresponding CPI values:

Value2021
=Value1966 ×
CPI2021/CPI1966
=€ 100 ×
108.94/17.97
€606.31

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 117.41:

Valuetoday
=Value1966 ×
CPItoday/CPI1966
=€ 100 ×
117.41/17.97
€653.47

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 55 years between 1966 and 2021 and the average inflation rate was 3.3311%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.033311)55
€606.31

Luxembourg inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1966 €6.06 euro in 2021
€5 euro in 1966 €30.32 euro in 2021
€10 euro in 1966 €60.63 euro in 2021
€50 euro in 1966 €303.16 euro in 2021
€100 euro in 1966 €606.31 euro in 2021
€500 euro in 1966 €3,031.57 euro in 2021
€1,000 euro in 1966 €6,063.14 euro in 2021
€5,000 euro in 1966 €30,315.68 euro in 2021
€10,000 euro in 1966 €60,631.37 euro in 2021
€50,000 euro in 1966 €303,156.83 euro in 2021
€100,000 euro in 1966 €606,313.65 euro in 2021
€500,000 euro in 1966 €3,031,568.26 euro in 2021
€1,000,000 euro in 1966 €6,063,136.52 euro in 2021
Cumulative inflation From 1966 553.47%
Avg. annual inflation From 1966 3.41%
CPI 1966 17.97
CPI today 117.41

Value of Euro over time (by year)

Period Value
1966 100
1967 102.17
1968 104.85
1969 107.25
1970 112.23
1971 117.47
1972 123.61
1973 131.11
1974 143.62
1975 159.02
1976 174.59
1977 186.3
1978 192.07
1979 200.8
1980 213.45
1981 230.68
1982 252.27
1983 274.14
1984 291.78
1985 303.72
1986 304.62
1987 304.45
1988 308.82
1989 319.23
1990 329.62
1991 339.9
1992 350.62
1993 363.2
1994 371.17
1995 378.1
1996 382.58
1997 387.81
1998 391.53
1999 395.54
2000 408
2001 418.87
2002 427.56
2003 436.32
2004 446.03
2005 457.13
2006 469.32
2007 480.17
2008 496.51
2009 498.33
2010 509.66
2011 527.05
2012 541.08
2013 550.46
2014 553.92
2015 556.55
2016 558.17
2017 567.83
2018 576.51
2019 586.56
2020 591.37
2021 606.31
2022-08 649.5
Today 653.47

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: