Value of 1978 Euro (Luxembourg) today

€100 in 1978

€308.74 in 2019

The inflation rate in Luxembourg between 1978 and today has been 208.74%, which translates into a total increase of €208.74. This means that 100 euro in 1978 are equivalent to 308.74 euro in 2019. In other words, the purchasing power of €100 in 1978 equals €308.74 today. The average annual inflation rate has been 2.72%.

Inflation timeline in Luxembourg (1978-2019)

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 (1978-2019) 208.34%
Total Inflation* 208.74%
Annual inflation avg. (1978-2019) 2.78%
Annual inflation avg.* 2.72%
CPI 1978 33.83
CPI 2019 104.32
CPI today* 104.46
€1 in 1978 €3.08 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 41 years between 1978 and 2019 and the average inflation rate has been 2.7205%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.03)41 = €308.34

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 1978 was 33.83 and the CPI today is 104.46. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
104.32/33.83
= €308.34

Luxembourg inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1978 €3.09 euro today
€5 euro in 1978 €15.44 euro today
€10 euro in 1978 €30.87 euro today
€50 euro in 1978 €154.37 euro today
€100 euro in 1978 €308.74 euro today
€500 euro in 1978 €1,543.7 euro today
€1,000 euro in 1978 €3,087.41 euro today
€5,000 euro in 1978 €15,437.05 euro today
€10,000 euro in 1978 €30,874.09 euro today
€50,000 euro in 1978 €154,370.46 euro today
€100,000 euro in 1978 €308,740.92 euro today
€500,000 euro in 1978 €1,543,704.62 euro today
€1,000,000 euro in 1978 €3,087,409.24 euro today

Value of Euro in time (by year)

Period Value
1978 100
1979 103.37
1980 109.56
1981 117.22
1982 126.65
1983 139.85
1984 151.07
1985 157.24
1986 163.75
1987 161.43
1988 162.48
1989 165.6
1990 172.07
1991 178.54
1992 183.19
1993 188.5
1994 195.31
1995 199.23
1996 201.74
1997 204.42
1998 207.43
1999 208.26
2000 213.2
2001 220.59
2002 224.39
2003 229.41
2004 234.14
2005 239.18
2006 245.12
2007 250.82
2008 259.25
2009 262.08
2010 266.78
2011 274.17
2012 282.89
2013 289.45
2014 293.92
2015 292.11
2016 295.31
2017 298.65
2018 302.7
2019 308.34
Today 308.74