Value of 1971 Euro (Luxembourg) today

€100 in 1971

€510.93 in 2019

The inflation rate in Luxembourg between 1971 and today has been 410.93%, which translates into a total increase of €410.93. This means that 100 euro in 1971 are equivalent to 510.93 euro in 2019. In other words, the purchasing power of €100 in 1971 equals €510.93 today. The average annual inflation rate has been 3.38%.

Inflation timeline in Luxembourg (1971-2019)

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 (1971-2019) 410.37%
Total Inflation* 410.93%
Annual inflation avg. (1971-2019) 3.45%
Annual inflation avg.* 3.38%
CPI 1971 20.44
CPI 2019 104.32
CPI today* 104.43
€1 in 1971 €5.1 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 48 years between 1971 and 2019 and the average inflation rate has been 3.3847%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.03)48 = €510.37

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 1971 was 20.44 and the CPI today is 104.43. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
104.32/20.44
= €510.37

Luxembourg inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1971 €5.11 euro today
€5 euro in 1971 €25.55 euro today
€10 euro in 1971 €51.09 euro today
€50 euro in 1971 €255.46 euro today
€100 euro in 1971 €510.93 euro today
€500 euro in 1971 €2,554.63 euro today
€1,000 euro in 1971 €5,109.25 euro today
€5,000 euro in 1971 €25,546.27 euro today
€10,000 euro in 1971 €51,092.53 euro today
€50,000 euro in 1971 €255,462.66 euro today
€100,000 euro in 1971 €510,925.33 euro today
€500,000 euro in 1971 €2,554,626.64 euro today
€1,000,000 euro in 1971 €5,109,253.28 euro today

Value of Euro in time (by year)

Period Value
1971 100
1972 105.51
1973 111.71
1974 118.57
1975 131.9
1976 146.26
1977 158.65
1978 165.52
1979 171.1
1980 181.34
1981 194.03
1982 209.63
1983 231.48
1984 250.06
1985 260.27
1986 271.04
1987 267.2
1988 268.94
1989 274.09
1990 284.81
1991 295.52
1992 303.22
1993 312
1994 323.27
1995 329.76
1996 333.92
1997 338.36
1998 343.33
1999 344.71
2000 352.88
2001 365.13
2002 371.41
2003 379.72
2004 387.56
2005 395.9
2006 405.72
2007 415.16
2008 429.11
2009 433.8
2010 441.58
2011 453.81
2012 468.25
2013 479.11
2014 486.5
2015 483.51
2016 488.79
2017 494.32
2018 501.03
2019 510.37
Today 510.93