Value of 1984 Euro (Portugal) today

€100 in 1984
€526.82 in 2022

The inflation rate in Portugal between 1984 and today has been 426.82%, which translates into a total increase of €426.82. This means that 100 euro in 1984 are equivalent to 526.82 euro in 2022. In other words, the purchasing power of €100 in 1984 equals €526.82 today. The average annual inflation rate between these periods has been 4.47%.

Inflation timeline in Portugal (1984 - 2022)

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 1984-2021 384.37%
Cumulative inflation 1984-today 426.82%
Avg. Annual inflation 1984-2021 4.36%
CPI 1984 21.6
CPI 2021 104.64
CPI 2022-05 (latest official data) 113.07
CPI today 113.81

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 1984 and 2021, use the corresponding CPI values:

Value2021
=Value1984 ×
CPI2021/CPI1984
=€ 100 ×
104.64/21.6
€484.37

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 113.81:

Valuetoday
=Value1984 ×
CPItoday/CPI1984
=€ 100 ×
113.81/21.6
€526.82

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 37 years between 1984 and 2021 and the average inflation rate was 4.3562%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.043562)37
€484.37

Portugal inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1984 €4.84 euro in 2021
€5 euro in 1984 €24.22 euro in 2021
€10 euro in 1984 €48.44 euro in 2021
€50 euro in 1984 €242.19 euro in 2021
€100 euro in 1984 €484.37 euro in 2021
€500 euro in 1984 €2,421.86 euro in 2021
€1,000 euro in 1984 €4,843.71 euro in 2021
€5,000 euro in 1984 €24,218.57 euro in 2021
€10,000 euro in 1984 €48,437.15 euro in 2021
€50,000 euro in 1984 €242,185.75 euro in 2021
€100,000 euro in 1984 €484,371.5 euro in 2021
€500,000 euro in 1984 €2,421,857.5 euro in 2021
€1,000,000 euro in 1984 €4,843,714.99 euro in 2021
Cumulative inflation From 1984 426.82%
Avg. annual inflation From 1984 4.47%
CPI 1984 21.6
CPI today 113.81

Value of Euro over time (by year)

Period Value
1984 100
1985 119.46
1986 134.19
1987 147.12
1988 161.98
1989 182.53
1990 207.41
1991 231.99
1992 254.17
1993 271.41
1994 286.12
1995 298.2
1996 307.36
1997 314.54
1998 322.63
1999 330.18
2000 339.6
2001 354.44
2002 367.2
2003 379.02
2004 387.99
2005 396.82
2006 409.15
2007 419.19
2008 430.05
2009 426.45
2010 432.43
2011 448.23
2012 460.66
2013 461.93
2014 460.64
2015 462.89
2016 465.7
2017 472.07
2018 476.76
2019 478.38
2020 478.32
2021 484.37
2022-05 523.38
Today 526.82

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 |

Other currencies: