Value of 1960 Euro (Portugal) today

€100 in 1960
€10,697.59 in 2024

The inflation rate in Portugal between 1960 and today has been 10,597.59%, which translates into a total increase of €10,597.59. This means that 100 euro in 1960 are equivalent to 10,697.59 euro in 2024. In other words, the purchasing power of €100 in 1960 equals €10,697.59 today. The average annual inflation rate between these periods has been 7.57%.

Inflation timeline in Portugal (1960 - 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 1960-2023 10,551.86%
Cumulative inflation 1960-today 10,597.59%
Avg. Annual inflation 1960-2023 7.69%
CPI 1960 1.1
CPI 2023 117.7
CPI 2024-02 (latest official data) 118.08
CPI today 118.21

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 1960 and 2023, use the corresponding CPI values:

Value2023
=Value1960 ×
CPI2023/CPI1960
=€ 100 ×
117.7/1.1
€10,651.86

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 118.21:

Valuetoday
=Value1960 ×
CPItoday/CPI1960
=€ 100 ×
118.21/1.1
€10,697.59

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 63 years between 1960 and 2023 and the average inflation rate was 7.6915%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.076915)63
€10,651.86

Portugal inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1960 €106.52 euro in 2023
€5 euro in 1960 €532.59 euro in 2023
€10 euro in 1960 €1,065.19 euro in 2023
€50 euro in 1960 €5,325.93 euro in 2023
€100 euro in 1960 €10,651.86 euro in 2023
€500 euro in 1960 €53,259.31 euro in 2023
€1,000 euro in 1960 €106,518.61 euro in 2023
€5,000 euro in 1960 €532,593.06 euro in 2023
€10,000 euro in 1960 €1,065,186.11 euro in 2023
€50,000 euro in 1960 €5,325,930.55 euro in 2023
€100,000 euro in 1960 €10,651,861.1 euro in 2023
€500,000 euro in 1960 €53,259,305.51 euro in 2023
€1,000,000 euro in 1960 €106,518,611.03 euro in 2023
Cumulative inflation From 1960 10,597.59%
Avg. annual inflation From 1960 7.57%
CPI 1960 1.1
CPI today 118.21

Value of Euro over time (by year)

Period Value
1960 100
1961 101.55
1962 104.25
1963 106.36
1964 110.02
1965 113.79
1966 119.53
1967 126.13
1968 133.8
1969 145.55
1970 154.84
1971 173.34
1972 191.82
1973 216.71
1974 271.07
1975 312.47
1976 378.53
1977 495.93
1978 600.27
1979 731.73
1980 847.83
1981 1,009.26
1982 1,228.06
1983 1,522.83
1984 1,955.08
1985 2,335.57
1986 2,623.58
1987 2,876.36
1988 3,166.91
1989 3,568.68
1990 4,055.11
1991 4,535.62
1992 4,969.19
1993 5,306.29
1994 5,593.91
1995 5,830.13
1996 6,009.06
1997 6,149.48
1998 6,307.69
1999 6,455.3
2000 6,639.47
2001 6,929.61
2002 7,179.1
2003 7,410.2
2004 7,585.47
2005 7,758.21
2006 7,999.31
2007 8,195.61
2008 8,407.75
2009 8,337.5
2010 8,454.44
2011 8,763.28
2012 9,006.32
2013 9,031.03
2014 9,005.91
2015 9,049.86
2016 9,104.82
2017 9,229.43
2018 9,321.15
2019 9,352.67
2020 9,351.51
2021 9,469.87
2022 10,211.61
2023 10,651.86
2024-02 10,686.09
Today 10,697.59

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 | 2023 |

Other currencies: