Value of 1979 Euro (Luxembourg) today

€100 in 1979
€340.33 in 2024

The inflation rate in Luxembourg between 1979 and today has been 240.33%, which translates into a total increase of €240.33. This means that 100 euro in 1979 are equivalent to 340.33 euro in 2024. In other words, the purchasing power of €100 in 1979 equals €340.33 today. The average annual inflation rate between these periods has been 2.76%.

Inflation timeline in Luxembourg (1979 - 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 1979-2023 233.09%
Cumulative inflation 1979-today 240.33%
Avg. Annual inflation 1979-2023 2.77%
CPI 1979 36.08
CPI 2023 120.18
CPI 2024-03 (latest official data) 122.59
CPI today 122.79

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 1979 and 2023, use the corresponding CPI values:

Value2023
=Value1979 ×
CPI2023/CPI1979
=€ 100 ×
120.18/36.08
€333.09

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 122.79:

Valuetoday
=Value1979 ×
CPItoday/CPI1979
=€ 100 ×
122.79/36.08
€340.33

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 44 years between 1979 and 2023 and the average inflation rate was 2.7724%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.027724)44
€333.09

Luxembourg inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1979 €3.33 euro in 2023
€5 euro in 1979 €16.65 euro in 2023
€10 euro in 1979 €33.31 euro in 2023
€50 euro in 1979 €166.55 euro in 2023
€100 euro in 1979 €333.09 euro in 2023
€500 euro in 1979 €1,665.47 euro in 2023
€1,000 euro in 1979 €3,330.94 euro in 2023
€5,000 euro in 1979 €16,654.68 euro in 2023
€10,000 euro in 1979 €33,309.37 euro in 2023
€50,000 euro in 1979 €166,546.84 euro in 2023
€100,000 euro in 1979 €333,093.68 euro in 2023
€500,000 euro in 1979 €1,665,468.38 euro in 2023
€1,000,000 euro in 1979 €3,330,936.75 euro in 2023
Cumulative inflation From 1979 240.33%
Avg. annual inflation From 1979 2.76%
CPI 1979 36.08
CPI today 122.79

Value of Euro over time (by year)

Period Value
1979 100
1980 106.3
1981 114.88
1982 125.63
1983 136.52
1984 145.31
1985 151.26
1986 151.7
1987 151.62
1988 153.79
1989 158.98
1990 164.15
1991 169.27
1992 174.61
1993 180.87
1994 184.84
1995 188.3
1996 190.53
1997 193.13
1998 194.98
1999 196.98
2000 203.19
2001 208.6
2002 212.93
2003 217.29
2004 222.13
2005 227.65
2006 233.72
2007 239.13
2008 247.26
2009 248.17
2010 253.82
2011 262.47
2012 269.46
2013 274.14
2014 275.86
2015 277.17
2016 277.97
2017 282.79
2018 287.11
2019 292.11
2020 294.51
2021 301.95
2022 321.08
2023 333.09
2024-03 339.78
Today 340.33

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: