Value of 1983 Euro (Portugal) today

€100 in 1983

€716.04 in 2018

The inflation rate in Portugal between 1983 and today has been 616.04%, which translates into a total increase of €616.04. This means that 100 euro in 1983 are equivalent to 716.04 euro in 2018. In other words, the purchasing power of €100 in 1983 equals €716.04 today. The average annual inflation rate has been 5.62%.

Inflation timeline in Portugal (1983-2018)

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 (1983-2018) 606.46%
Total Inflation* 616.04%
Annual inflation avg. (1983-2018) 5.74%
Annual inflation avg.* 5.62%
CPI 1983 14.51
CPI 2018 102.48
CPI today* 103.87
€1 in 1983 €7.06 in 2018

* 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 35 years between 1983 and 2018 and the average inflation rate has been 5.6205%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.06)35 = €706.46

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 14.51 and the CPI today is 103.87. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
102.48/14.51
= €706.46

Portugal inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1983 €7.16 euro today
€5 euro in 1983 €35.8 euro today
€10 euro in 1983 €71.6 euro today
€50 euro in 1983 €358.02 euro today
€100 euro in 1983 €716.04 euro today
€500 euro in 1983 €3,580.19 euro today
€1,000 euro in 1983 €7,160.37 euro today
€5,000 euro in 1983 €35,801.86 euro today
€10,000 euro in 1983 €71,603.72 euro today
€50,000 euro in 1983 €358,018.62 euro today
€100,000 euro in 1983 €716,037.24 euro today
€500,000 euro in 1983 €3,580,186.18 euro today
€1,000,000 euro in 1983 €7,160,372.35 euro today

Value of Euro in time (by year)

Period Value
1983 100
1984 132.2
1985 160.21
1986 187.18
1987 208.18
1988 227.34
1989 254.52
1990 284.28
1991 324.07
1992 356.07
1993 387.86
1994 413.89
1995 431.85
1996 447.17
1997 461.44
1998 472.78
1999 487.79
2000 497.34
2001 516.55
2002 536.09
2003 557.39
2004 570.62
2005 584.81
2006 599.9
2007 614.95
2008 631.44
2009 636.36
2010 636.07
2011 652.06
2012 675.62
2013 688.58
2014 689.93
2015 687.47
2016 690.2
2017 696.25
2018 706.46
Today 716.04