Value of 1984 Euro (Portugal) today

€100 in 1984

€542.13 in 2018

The inflation rate in Portugal between 1984 and today has been 442.13%, which translates into a total increase of €442.13. This means that 100 euro in 1984 are equivalent to 542.13 euro in 2018. In other words, the purchasing power of €100 in 1984 equals €542.13 today. The average annual inflation rate has been 4.95%.

Inflation timeline in Portugal (1984-2018)

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 (1984-2018) 434.4%
Total Inflation* 442.13%
Annual inflation avg. (1984-2018) 5.05%
Annual inflation avg.* 4.95%
CPI 1984 19.18
CPI 2018 102.48
CPI today* 103.96
€1 in 1984 €5.34 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 34 years between 1984 and 2018 and the average inflation rate has been 4.9481%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.05)34 = €534.4

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 1984 was 19.18 and the CPI today is 103.96. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
102.48/19.18
= €534.4

Portugal inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1984 €5.42 euro today
€5 euro in 1984 €27.11 euro today
€10 euro in 1984 €54.21 euro today
€50 euro in 1984 €271.07 euro today
€100 euro in 1984 €542.13 euro today
€500 euro in 1984 €2,710.66 euro today
€1,000 euro in 1984 €5,421.32 euro today
€5,000 euro in 1984 €27,106.59 euro today
€10,000 euro in 1984 €54,213.17 euro today
€50,000 euro in 1984 €271,065.85 euro today
€100,000 euro in 1984 €542,131.7 euro today
€500,000 euro in 1984 €2,710,658.51 euro today
€1,000,000 euro in 1984 €5,421,317.02 euro today

Value of Euro in time (by year)

Period Value
1984 100
1985 121.19
1986 141.59
1987 157.48
1988 171.97
1989 192.53
1990 215.04
1991 245.14
1992 269.35
1993 293.4
1994 313.09
1995 326.67
1996 338.26
1997 349.05
1998 357.64
1999 368.99
2000 376.22
2001 390.74
2002 405.53
2003 421.64
2004 431.64
2005 442.38
2006 453.8
2007 465.18
2008 477.65
2009 481.37
2010 481.15
2011 493.25
2012 511.07
2013 520.88
2014 521.9
2015 520.03
2016 522.1
2017 526.68
2018 534.4
Today 542.13