Value of 1973 Euro (Luxembourg) today

€100 in 1973

€456.86 today

The inflation rate in Luxembourg between 1973 and today has been 356.86%, which translates into a total increase of €356.86. This means that 100 euro in 1973 are equivalent to 456.86 euro in 2018. In other words, the purchasing power of €100 in 1973 equals €456.86 today. The average annual inflation rate has been 3.36%.

Inflation timeline in Luxembourg (1973-2019)

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 (1973-2018) 348.49%
Total Inflation* 356.86%
Annual inflation avg. (1973-2018) 3.39%
Annual inflation avg.* 3.36%
CPI 1973 22.83
CPI 2018 102.41
CPI today* 104.32
€1 in 1973 €4.48 in 2018

* 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 45 years between 1973 and 2018 and the average inflation rate has been 3.3578%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.03)45 = €448.49

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 1973 was 22.83 and the CPI today is 104.32. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
102.41/22.83
= €448.49

Luxembourg inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1973 €4.57 euro today
€5 euro in 1973 €22.84 euro today
€10 euro in 1973 €45.69 euro today
€50 euro in 1973 €228.43 euro today
€100 euro in 1973 €456.86 euro today
€500 euro in 1973 €2,284.29 euro today
€1,000 euro in 1973 €4,568.59 euro today
€5,000 euro in 1973 €22,842.93 euro today
€10,000 euro in 1973 €45,685.86 euro today
€50,000 euro in 1973 €228,429.28 euro today
€100,000 euro in 1973 €456,858.56 euro today
€500,000 euro in 1973 €2,284,292.81 euro today
€1,000,000 euro in 1973 €4,568,585.61 euro today

Value of Euro in time (by year)

Period Value
1973 100
1974 106.14
1975 118.07
1976 130.92
1977 142.01
1978 148.16
1979 153.16
1980 162.33
1981 173.68
1982 187.65
1983 207.21
1984 223.83
1985 232.98
1986 242.62
1987 239.18
1988 240.74
1989 245.35
1990 254.95
1991 264.53
1992 271.43
1993 279.29
1994 289.38
1995 295.19
1996 298.9
1997 302.88
1998 307.33
1999 308.57
2000 315.88
2001 326.84
2002 332.47
2003 339.9
2004 346.92
2005 354.38
2006 363.18
2007 371.63
2008 384.11
2009 388.32
2010 395.28
2011 406.23
2012 419.15
2013 428.87
2014 435.48
2015 432.81
2016 437.54
2017 442.49
2018 448.49
Today 456.86