Value of 1983 Euro (Luxembourg) today

€100 in 1983

€220.69 in 2019

The inflation rate in Luxembourg between 1983 and today has been 120.69%, which translates into a total increase of €120.69. This means that 100 euro in 1983 are equivalent to 220.69 euro in 2019. In other words, the purchasing power of €100 in 1983 equals €220.69 today. The average annual inflation rate has been 2.16%.

Inflation timeline in Luxembourg (1983-2019)

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 (1983-2019) 120.48%
Total Inflation* 120.69%
Annual inflation avg. (1983-2019) 2.22%
Annual inflation avg.* 2.16%
CPI 1983 47.32
CPI 2019 104.32
CPI today* 104.42
€1 in 1983 €2.2 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 36 years between 1983 and 2019 and the average inflation rate has been 2.1625%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.02)36 = €220.48

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 1983 was 47.32 and the CPI today is 104.42. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
104.32/47.32
= €220.48

Luxembourg inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1983 €2.21 euro today
€5 euro in 1983 €11.03 euro today
€10 euro in 1983 €22.07 euro today
€50 euro in 1983 €110.35 euro today
€100 euro in 1983 €220.69 euro today
€500 euro in 1983 €1,103.47 euro today
€1,000 euro in 1983 €2,206.94 euro today
€5,000 euro in 1983 €11,034.7 euro today
€10,000 euro in 1983 €22,069.41 euro today
€50,000 euro in 1983 €110,347.04 euro today
€100,000 euro in 1983 €220,694.08 euro today
€500,000 euro in 1983 €1,103,470.42 euro today
€1,000,000 euro in 1983 €2,206,940.83 euro today

Value of Euro in time (by year)

Period Value
1983 100
1984 108.02
1985 112.44
1986 117.09
1987 115.43
1988 116.18
1989 118.41
1990 123.04
1991 127.66
1992 130.99
1993 134.78
1994 139.65
1995 142.46
1996 144.25
1997 146.17
1998 148.32
1999 148.91
2000 152.44
2001 157.73
2002 160.45
2003 164.04
2004 167.42
2005 171.03
2006 175.27
2007 179.35
2008 185.37
2009 187.4
2010 190.76
2011 196.05
2012 202.28
2013 206.97
2014 210.16
2015 208.87
2016 211.16
2017 213.54
2018 216.44
2019 220.48
Today 220.69