Value of 1991 Euro (Slovakia) today

€100 in 1991
€595.04 in 2024

The inflation rate in Slovakia between 1991 and today has been 495.04%, which translates into a total increase of €495.04. This means that 100 euro in 1991 are equivalent to 595.04 euro in 2024. In other words, the purchasing power of €100 in 1991 equals €595.04 today. The average annual inflation rate between these periods has been 5.55%.

Inflation timeline in Slovakia (1991 - 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 1991-2023 478.79%
Cumulative inflation 1991-today 495.04%
Avg. Annual inflation 1991-2023 5.64%
CPI 1991 24.02
CPI 2023 139.03
CPI 2024-05 (latest official data) 142.48
CPI today 142.93

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 1991 and 2023, use the corresponding CPI values:

Value2023
=Value1991 ×
CPI2023/CPI1991
=€ 100 ×
139.03/24.02
€578.79

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 142.93:

Valuetoday
=Value1991 ×
CPItoday/CPI1991
=€ 100 ×
142.93/24.02
€595.04

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 32 years between 1991 and 2023 and the average inflation rate was 5.6401%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.056401)32
€578.79

Slovakia inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1991 €5.79 euro in 2023
€5 euro in 1991 €28.94 euro in 2023
€10 euro in 1991 €57.88 euro in 2023
€50 euro in 1991 €289.4 euro in 2023
€100 euro in 1991 €578.79 euro in 2023
€500 euro in 1991 €2,893.96 euro in 2023
€1,000 euro in 1991 €5,787.91 euro in 2023
€5,000 euro in 1991 €28,939.56 euro in 2023
€10,000 euro in 1991 €57,879.13 euro in 2023
€50,000 euro in 1991 €289,395.64 euro in 2023
€100,000 euro in 1991 €578,791.27 euro in 2023
€500,000 euro in 1991 €2,893,956.36 euro in 2023
€1,000,000 euro in 1991 €5,787,912.71 euro in 2023
Cumulative inflation From 1991 495.04%
Avg. annual inflation From 1991 5.55%
CPI 1991 24.02
CPI today 142.93

Value of Euro over time (by year)

Period Value
1991 100
1992 109.89
1993 135.48
1994 153.66
1995 168.78
1996 178.53
1997 189.5
1998 202.13
1999 223.49
2000 250.39
2001 268.75
2002 277.15
2003 300.86
2004 323.57
2005 332.33
2006 347.23
2007 356.8
2008 373.21
2009 379.24
2010 382.87
2011 397.87
2012 412.22
2013 417.99
2014 417.68
2015 416.32
2016 414.15
2017 419.59
2018 430.13
2019 441.6
2020 450.15
2021 464.33
2022 523.64
2023 578.79
2024-05 593.18
Today 595.04

All available years

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

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: