Value of 1957 Euro (Portugal) today

€100 in 1957
€11,238.49 in 2023

The inflation rate in Portugal between 1957 and today has been 11,138.49%, which translates into a total increase of €11,138.49. This means that 100 euro in 1957 are equivalent to 11,238.49 euro in 2023. In other words, the purchasing power of €100 in 1957 equals €11,238.49 today. The average annual inflation rate between these periods has been 7.42%.

Inflation timeline in Portugal (1957 - 2023)

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 1957-2022 10,702.93%
Cumulative inflation 1957-today 11,138.49%
Avg. Annual inflation 1957-2022 7.47%
CPI 1957 1.04
CPI 2022 112.84
CPI 2022-12 (latest official data) 116.38
CPI today 117.39

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 1957 and 2022, use the corresponding CPI values:

Value2022
=Value1957 ×
CPI2022/CPI1957
=€ 100 ×
112.84/1.04
€10,802.93

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 117.39:

Valuetoday
=Value1957 ×
CPItoday/CPI1957
=€ 100 ×
117.39/1.04
€11,238.49

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 65 years between 1957 and 2022 and the average inflation rate was 7.4695%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=€100 × (1 + 0.074695)65
€10,802.93

Portugal inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1957 €108.03 euro in 2022
€5 euro in 1957 €540.15 euro in 2022
€10 euro in 1957 €1,080.29 euro in 2022
€50 euro in 1957 €5,401.47 euro in 2022
€100 euro in 1957 €10,802.93 euro in 2022
€500 euro in 1957 €54,014.67 euro in 2022
€1,000 euro in 1957 €108,029.35 euro in 2022
€5,000 euro in 1957 €540,146.73 euro in 2022
€10,000 euro in 1957 €1,080,293.46 euro in 2022
€50,000 euro in 1957 €5,401,467.3 euro in 2022
€100,000 euro in 1957 €10,802,934.59 euro in 2022
€500,000 euro in 1957 €54,014,672.97 euro in 2022
€1,000,000 euro in 1957 €108,029,345.93 euro in 2022
Cumulative inflation From 1957 11,138.49%
Avg. annual inflation From 1957 7.42%
CPI 1957 1.04
CPI today 117.39

Value of Euro over time (by year)

Period Value
1957 100
1958 101.6
1959 102.66
1960 105.79
1961 107.43
1962 110.29
1963 112.52
1964 116.39
1965 120.38
1966 126.45
1967 133.44
1968 141.55
1969 153.98
1970 163.81
1971 183.38
1972 202.93
1973 229.26
1974 286.77
1975 330.56
1976 400.45
1977 524.65
1978 635.03
1979 774.1
1980 896.93
1981 1,067.71
1982 1,299.18
1983 1,611.02
1984 2,068.3
1985 2,470.82
1986 2,775.5
1987 3,042.92
1988 3,350.3
1989 3,775.33
1990 4,289.93
1991 4,798.26
1992 5,256.94
1993 5,613.56
1994 5,917.84
1995 6,167.74
1996 6,357.03
1997 6,505.58
1998 6,672.95
1999 6,829.11
2000 7,023.94
2001 7,330.88
2002 7,594.82
2003 7,839.3
2004 8,024.72
2005 8,207.46
2006 8,462.52
2007 8,670.19
2008 8,894.62
2009 8,820.3
2010 8,944.01
2011 9,270.74
2012 9,527.84
2013 9,553.99
2014 9,527.42
2015 9,573.9
2016 9,632.06
2017 9,763.88
2018 9,860.91
2019 9,894.26
2020 9,893.02
2021 10,018.24
2022 10,802.93
2022-12 11,141.86
Today 11,238.49

All available years

Today's value of euro (Portugal) 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 |

Other currencies: