Value of 1987 Euro (Portugal) today

€100 in 1987
€368.55 in 2022

The inflation rate in Portugal between 1987 and today has been 268.55%, which translates into a total increase of €268.55. This means that 100 euro in 1987 are equivalent to 368.55 euro in 2022. In other words, the purchasing power of €100 in 1987 equals €368.55 today. The average annual inflation rate between these periods has been 3.8%.

Inflation timeline in Portugal (1987 - 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 1987-2021 229.23%
Cumulative inflation 1987-today 268.55%
Avg. Annual inflation 1987-2021 3.57%
CPI 1987 31.78
CPI 2021 104.64
CPI 2022-10 (latest official data) 116.43
CPI today 117.14

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 1987 and 2021, use the corresponding CPI values:

Value2021
=Value1987 ×
CPI2021/CPI1987
=€ 100 ×
104.64/31.78
€329.23

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 117.14:

Valuetoday
=Value1987 ×
CPItoday/CPI1987
=€ 100 ×
117.14/31.78
€368.55

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 34 years between 1987 and 2021 and the average inflation rate was 3.5668%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.035668)34
€329.23

Portugal inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1987 €3.29 euro in 2021
€5 euro in 1987 €16.46 euro in 2021
€10 euro in 1987 €32.92 euro in 2021
€50 euro in 1987 €164.62 euro in 2021
€100 euro in 1987 €329.23 euro in 2021
€500 euro in 1987 €1,646.16 euro in 2021
€1,000 euro in 1987 €3,292.32 euro in 2021
€5,000 euro in 1987 €16,461.58 euro in 2021
€10,000 euro in 1987 €32,923.15 euro in 2021
€50,000 euro in 1987 €164,615.76 euro in 2021
€100,000 euro in 1987 €329,231.51 euro in 2021
€500,000 euro in 1987 €1,646,157.56 euro in 2021
€1,000,000 euro in 1987 €3,292,315.12 euro in 2021
Cumulative inflation From 1987 268.55%
Avg. annual inflation From 1987 3.8%
CPI 1987 31.78
CPI today 117.14

Value of Euro over time (by year)

Period Value
1987 100
1988 110.1
1989 124.07
1990 140.98
1991 157.69
1992 172.76
1993 184.48
1994 194.48
1995 202.69
1996 208.91
1997 213.79
1998 219.29
1999 224.43
2000 230.83
2001 240.92
2002 249.59
2003 257.62
2004 263.72
2005 269.72
2006 278.11
2007 284.93
2008 292.31
2009 289.86
2010 293.93
2011 304.67
2012 313.12
2013 313.97
2014 313.1
2015 314.63
2016 316.54
2017 320.87
2018 324.06
2019 325.16
2020 325.12
2021 329.23
2022-10 366.31
Today 368.55

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: