Value of 1978 Euro (Portugal) today

€100 in 1978
€1,838.16 in 2024

The inflation rate in Portugal between 1978 and today has been 1,738.16%, which translates into a total increase of €1,738.16. This means that 100 euro in 1978 are equivalent to 1,838.16 euro in 2024. In other words, the purchasing power of €100 in 1978 equals €1,838.16 today. The average annual inflation rate between these periods has been 6.53%.

Inflation timeline in Portugal (1978 - 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 1978-2023 1,674.51%
Cumulative inflation 1978-today 1,738.16%
Avg. Annual inflation 1978-2023 6.6%
CPI 1978 6.63
CPI 2023 117.7
CPI 2024-10 (latest official data) 121.65
CPI today 121.92

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 1978 and 2023, use the corresponding CPI values:

Value2023
=Value1978 ×
CPI2023/CPI1978
=€ 100 ×
117.7/6.63
€1,774.51

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 121.92:

Valuetoday
=Value1978 ×
CPItoday/CPI1978
=€ 100 ×
121.92/6.63
€1,838.16

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 45 years between 1978 and 2023 and the average inflation rate was 6.6%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.066)45
€1,774.51

Portugal inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1978 €17.75 euro in 2023
€5 euro in 1978 €88.73 euro in 2023
€10 euro in 1978 €177.45 euro in 2023
€50 euro in 1978 €887.25 euro in 2023
€100 euro in 1978 €1,774.51 euro in 2023
€500 euro in 1978 €8,872.54 euro in 2023
€1,000 euro in 1978 €17,745.09 euro in 2023
€5,000 euro in 1978 €88,725.43 euro in 2023
€10,000 euro in 1978 €177,450.86 euro in 2023
€50,000 euro in 1978 €887,254.28 euro in 2023
€100,000 euro in 1978 €1,774,508.57 euro in 2023
€500,000 euro in 1978 €8,872,542.85 euro in 2023
€1,000,000 euro in 1978 €17,745,085.7 euro in 2023
Cumulative inflation From 1978 1,738.16%
Avg. annual inflation From 1978 6.53%
CPI 1978 6.63
CPI today 121.92

Value of Euro over time (by year)

Period Value
1978 100
1979 121.9
1980 141.24
1981 168.13
1982 204.58
1983 253.69
1984 325.7
1985 389.09
1986 437.07
1987 479.18
1988 527.58
1989 594.51
1990 675.55
1991 755.6
1992 827.82
1993 883.98
1994 931.9
1995 971.25
1996 1,001.06
1997 1,024.45
1998 1,050.81
1999 1,075.4
2000 1,106.08
2001 1,154.41
2002 1,195.98
2003 1,234.47
2004 1,263.67
2005 1,292.45
2006 1,332.62
2007 1,365.32
2008 1,400.66
2009 1,388.96
2010 1,408.44
2011 1,459.89
2012 1,500.38
2013 1,504.49
2014 1,500.31
2015 1,507.63
2016 1,516.79
2017 1,537.54
2018 1,552.82
2019 1,558.07
2020 1,557.88
2021 1,577.6
2022 1,701.17
2023 1,774.51
2024-10 1,834.07
Today 1,838.16

All available years

Today's value of euro (Portugal) by year:

1955 | 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: