Value of 1987 Euro (Luxembourg) today

€100 in 1987
€224 in 2024

The inflation rate in Luxembourg between 1987 and today has been 124%, which translates into a total increase of €124. This means that 100 euro in 1987 are equivalent to 224 euro in 2024. In other words, the purchasing power of €100 in 1987 equals €224 today. The average annual inflation rate between these periods has been 2.2%.

Inflation timeline in Luxembourg (1987 - 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 1987-2023 119.69%
Cumulative inflation 1987-today 124%
Avg. Annual inflation 1987-2023 2.21%
CPI 1987 54.7
CPI 2023 120.18
CPI 2024-02 (latest official data) 122.33
CPI today 122.53

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 1987 and 2023, use the corresponding CPI values:

Value2023
=Value1987 ×
CPI2023/CPI1987
=€ 100 ×
120.18/54.7
€219.69

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 122.53:

Valuetoday
=Value1987 ×
CPItoday/CPI1987
=€ 100 ×
122.53/54.7
€224

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 36 years between 1987 and 2023 and the average inflation rate was 2.2104%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.022104)36
€219.69

Luxembourg inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1987 €2.2 euro in 2023
€5 euro in 1987 €10.98 euro in 2023
€10 euro in 1987 €21.97 euro in 2023
€50 euro in 1987 €109.85 euro in 2023
€100 euro in 1987 €219.69 euro in 2023
€500 euro in 1987 €1,098.47 euro in 2023
€1,000 euro in 1987 €2,196.95 euro in 2023
€5,000 euro in 1987 €10,984.74 euro in 2023
€10,000 euro in 1987 €21,969.48 euro in 2023
€50,000 euro in 1987 €109,847.39 euro in 2023
€100,000 euro in 1987 €219,694.77 euro in 2023
€500,000 euro in 1987 €1,098,473.86 euro in 2023
€1,000,000 euro in 1987 €2,196,947.72 euro in 2023
Cumulative inflation From 1987 124%
Avg. annual inflation From 1987 2.2%
CPI 1987 54.7
CPI today 122.53

Value of Euro over time (by year)

Period Value
1987 100
1988 101.44
1989 104.86
1990 108.27
1991 111.64
1992 115.17
1993 119.3
1994 121.92
1995 124.19
1996 125.66
1997 127.38
1998 128.6
1999 129.92
2000 134.01
2001 137.58
2002 140.44
2003 143.32
2004 146.51
2005 150.15
2006 154.15
2007 157.72
2008 163.09
2009 163.69
2010 167.41
2011 173.12
2012 177.73
2013 180.81
2014 181.94
2015 182.81
2016 183.34
2017 186.51
2018 189.36
2019 192.67
2020 194.24
2021 199.15
2022 211.77
2023 219.69
2024-02 223.63
Today 224

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: