Value of 1970 Euro (Luxembourg) today

€100 in 1970
€608.96 in 2024

The inflation rate in Luxembourg between 1970 and today has been 508.96%, which translates into a total increase of €508.96. This means that 100 euro in 1970 are equivalent to 608.96 euro in 2024. In other words, the purchasing power of €100 in 1970 equals €608.96 today. The average annual inflation rate between these periods has been 3.4%.

Inflation timeline in Luxembourg (1970 - 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 1970-2023 495.97%
Cumulative inflation 1970-today 508.96%
Avg. Annual inflation 1970-2023 3.43%
CPI 1970 20.17
CPI 2023 120.18
CPI 2024-03 (latest official data) 122.59
CPI today 122.8

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 1970 and 2023, use the corresponding CPI values:

Value2023
=Value1970 ×
CPI2023/CPI1970
=€ 100 ×
120.18/20.17
€595.97

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 122.8:

Valuetoday
=Value1970 ×
CPItoday/CPI1970
=€ 100 ×
122.8/20.17
€608.96

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 53 years between 1970 and 2023 and the average inflation rate was 3.4253%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.034253)53
€595.97

Luxembourg inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1970 €5.96 euro in 2023
€5 euro in 1970 €29.8 euro in 2023
€10 euro in 1970 €59.6 euro in 2023
€50 euro in 1970 €297.98 euro in 2023
€100 euro in 1970 €595.97 euro in 2023
€500 euro in 1970 €2,979.83 euro in 2023
€1,000 euro in 1970 €5,959.65 euro in 2023
€5,000 euro in 1970 €29,798.27 euro in 2023
€10,000 euro in 1970 €59,596.54 euro in 2023
€50,000 euro in 1970 €297,982.71 euro in 2023
€100,000 euro in 1970 €595,965.42 euro in 2023
€500,000 euro in 1970 €2,979,827.11 euro in 2023
€1,000,000 euro in 1970 €5,959,654.22 euro in 2023
Cumulative inflation From 1970 508.96%
Avg. annual inflation From 1970 3.4%
CPI 1970 20.17
CPI today 122.8

Value of Euro over time (by year)

Period Value
1970 100
1971 104.67
1972 110.14
1973 116.83
1974 127.97
1975 141.69
1976 155.57
1977 166
1978 171.14
1979 178.92
1980 190.19
1981 205.54
1982 224.78
1983 244.26
1984 259.98
1985 270.63
1986 271.42
1987 271.27
1988 275.17
1989 284.44
1990 293.7
1991 302.86
1992 312.41
1993 323.62
1994 330.72
1995 336.9
1996 340.89
1997 345.55
1998 348.86
1999 352.44
2000 363.54
2001 373.23
2002 380.97
2003 388.78
2004 397.43
2005 407.32
2006 418.18
2007 427.85
2008 442.4
2009 444.03
2010 454.12
2011 469.61
2012 482.12
2013 490.48
2014 493.56
2015 495.9
2016 497.35
2017 505.95
2018 513.69
2019 522.64
2020 526.93
2021 540.24
2022 574.47
2023 595.97
2024-03 607.93
Today 608.96

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 | 2022 | 2023 |

Other currencies: