Value of 1966 Euro (Luxembourg) today

€100 in 1966

€586.66 in 2019

The inflation rate in Luxembourg between 1966 and today has been 486.66%, which translates into a total increase of €486.66. This means that 100 euro in 1966 are equivalent to 586.66 euro in 2019. In other words, the purchasing power of €100 in 1966 equals €586.66 today. The average annual inflation rate has been 3.33%.

Inflation timeline in Luxembourg (1966-2019)

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 (1966-2019) 486.05%
Total Inflation* 486.66%
Annual inflation avg. (1966-2019) 3.39%
Annual inflation avg.* 3.33%
CPI 1966 17.8
CPI 2019 104.32
CPI today* 104.43
€1 in 1966 €5.86 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 53 years between 1966 and 2019 and the average inflation rate has been 3.3307%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.03)53 = €586.05

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 1966 was 17.8 and the CPI today is 104.43. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
104.32/17.8
= €586.05

Luxembourg inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1966 €5.87 euro today
€5 euro in 1966 €29.33 euro today
€10 euro in 1966 €58.67 euro today
€50 euro in 1966 €293.33 euro today
€100 euro in 1966 €586.66 euro today
€500 euro in 1966 €2,933.28 euro today
€1,000 euro in 1966 €5,866.56 euro today
€5,000 euro in 1966 €29,332.81 euro today
€10,000 euro in 1966 €58,665.62 euro today
€50,000 euro in 1966 €293,328.1 euro today
€100,000 euro in 1966 €586,656.21 euro today
€500,000 euro in 1966 €2,933,281.04 euro today
€1,000,000 euro in 1966 €5,866,562.07 euro today

Value of Euro in time (by year)

Period Value
1966 100
1967 101.54
1968 104.64
1969 107.04
1970 110.06
1971 114.83
1972 121.16
1973 128.28
1974 136.15
1975 151.46
1976 167.95
1977 182.17
1978 190.06
1979 196.47
1980 208.23
1981 222.8
1982 240.71
1983 265.81
1984 287.13
1985 298.87
1986 311.23
1987 306.82
1988 308.82
1989 314.74
1990 327.05
1991 339.34
1992 348.19
1993 358.27
1994 371.21
1995 378.66
1996 383.43
1997 388.53
1998 394.24
1999 395.83
2000 405.21
2001 419.27
2002 426.49
2003 436.03
2004 445.03
2005 454.6
2006 465.88
2007 476.73
2008 492.74
2009 498.13
2010 507.06
2011 521.11
2012 537.68
2013 550.15
2014 558.63
2015 555.21
2016 561.27
2017 567.62
2018 575.32
2019 586.05
Today 586.66