Value of 1968 Euro (Luxembourg) today

€100 in 1968

€560.79 in 2019

The inflation rate in Luxembourg between 1968 and today has been 460.79%, which translates into a total increase of €460.79. This means that 100 euro in 1968 are equivalent to 560.79 euro in 2019. In other words, the purchasing power of €100 in 1968 equals €560.79 today. The average annual inflation rate has been 3.37%.

Inflation timeline in Luxembourg (1968-2019)

The following chart ilustrates the equivalence of €100 throughout the years due to inflation and CPI changes. All values are equivalent in terms of purchashing 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 (1968-2019) 460.06%
Total Inflation* 460.79%
Annual inflation avg. (1968-2019) 3.44%
Annual inflation avg.* 3.37%
CPI 1968 18.63
CPI 2019 104.32
CPI today* 104.46
€1 in 1968 €5.6 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 51 years between 1968 and 2019 and the average inflation rate has been 3.3713%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.03)51 = €560.06

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 1968 was 18.63 and the CPI today is 104.46. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
104.32/18.63
= €560.06

Luxembourg inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1968 €5.61 euro today
€5 euro in 1968 €28.04 euro today
€10 euro in 1968 €56.08 euro today
€50 euro in 1968 €280.39 euro today
€100 euro in 1968 €560.79 euro today
€500 euro in 1968 €2,803.94 euro today
€1,000 euro in 1968 €5,607.89 euro today
€5,000 euro in 1968 €28,039.44 euro today
€10,000 euro in 1968 €56,078.89 euro today
€50,000 euro in 1968 €280,394.43 euro today
€100,000 euro in 1968 €560,788.86 euro today
€500,000 euro in 1968 €2,803,944.3 euro today
€1,000,000 euro in 1968 €5,607,888.6 euro today

Value of Euro in time (by year)

Period Value
1968 100
1969 102.3
1970 105.18
1971 109.74
1972 115.79
1973 122.59
1974 130.12
1975 144.74
1976 160.5
1977 174.09
1978 181.64
1979 187.76
1980 199
1981 212.92
1982 230.04
1983 254.02
1984 274.4
1985 285.61
1986 297.43
1987 293.21
1988 295.13
1989 300.78
1990 312.55
1991 324.29
1992 332.75
1993 342.38
1994 354.75
1995 361.87
1996 366.43
1997 371.3
1998 376.76
1999 378.28
2000 387.24
2001 400.68
2002 407.58
2003 416.69
2004 425.29
2005 434.45
2006 445.23
2007 455.59
2008 470.89
2009 476.04
2010 484.58
2011 498
2012 513.84
2013 525.76
2014 533.86
2015 530.59
2016 536.39
2017 542.45
2018 549.81
2019 560.06
Today 560.79