Value of 1973 Euro (Luxembourg) today

€100 in 1973
€498.49 in 2022

The inflation rate in Luxembourg between 1973 and today has been 398.49%, which translates into a total increase of €398.49. This means that 100 euro in 1973 are equivalent to 498.49 euro in 2022. In other words, the purchasing power of €100 in 1973 equals €498.49 today. The average annual inflation rate between these periods has been 3.33%.

Inflation timeline in Luxembourg (1973 - 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 1973-2021 362.43%
Cumulative inflation 1973-today 398.49%
Avg. Annual inflation 1973-2021 3.24%
CPI 1973 23.56
CPI 2021 108.94
CPI 2022-08 (latest official data) 116.7
CPI today 117.43

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 1973 and 2021, use the corresponding CPI values:

Value2021
=Value1973 ×
CPI2021/CPI1973
=€ 100 ×
108.94/23.56
€462.43

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 117.43:

Valuetoday
=Value1973 ×
CPItoday/CPI1973
=€ 100 ×
117.43/23.56
€498.49

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 48 years between 1973 and 2021 and the average inflation rate was 3.2417%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.032417)48
€462.43

Luxembourg inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1973 €4.62 euro in 2021
€5 euro in 1973 €23.12 euro in 2021
€10 euro in 1973 €46.24 euro in 2021
€50 euro in 1973 €231.22 euro in 2021
€100 euro in 1973 €462.43 euro in 2021
€500 euro in 1973 €2,312.17 euro in 2021
€1,000 euro in 1973 €4,624.35 euro in 2021
€5,000 euro in 1973 €23,121.73 euro in 2021
€10,000 euro in 1973 €46,243.46 euro in 2021
€50,000 euro in 1973 €231,217.29 euro in 2021
€100,000 euro in 1973 €462,434.58 euro in 2021
€500,000 euro in 1973 €2,312,172.88 euro in 2021
€1,000,000 euro in 1973 €4,624,345.77 euro in 2021
Cumulative inflation From 1973 398.49%
Avg. annual inflation From 1973 3.33%
CPI 1973 23.56
CPI today 117.43

Value of Euro over time (by year)

Period Value
1973 100
1974 109.54
1975 121.28
1976 133.16
1977 142.09
1978 146.49
1979 153.15
1980 162.8
1981 175.94
1982 192.4
1983 209.08
1984 222.54
1985 231.65
1986 232.33
1987 232.2
1988 235.54
1989 243.48
1990 251.4
1991 259.24
1992 267.41
1993 277.01
1994 283.09
1995 288.38
1996 291.79
1997 295.78
1998 298.62
1999 301.68
2000 311.18
2001 319.47
2002 326.1
2003 332.78
2004 340.19
2005 348.65
2006 357.95
2007 366.23
2008 378.68
2009 380.08
2010 388.72
2011 401.98
2012 412.68
2013 419.84
2014 422.48
2015 424.48
2016 425.72
2017 433.09
2018 439.7
2019 447.37
2020 451.04
2021 462.43
2022-08 495.37
Today 498.49

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: