Value of 1993 Euro (Slovakia) today

€100 in 1993
€438.42 in 2024

The inflation rate in Slovakia between 1993 and today has been 338.42%, which translates into a total increase of €338.42. This means that 100 euro in 1993 are equivalent to 438.42 euro in 2024. In other words, the purchasing power of €100 in 1993 equals €438.42 today. The average annual inflation rate between these periods has been 4.88%.

Inflation timeline in Slovakia (1993 - 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 1993-2023 327.2%
Cumulative inflation 1993-today 338.42%
Avg. Annual inflation 1993-2023 4.96%
CPI 1993 32.54
CPI 2023 139.03
CPI 2024-04 (latest official data) 142.3
CPI today 142.68

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 1993 and 2023, use the corresponding CPI values:

Value2023
=Value1993 ×
CPI2023/CPI1993
=€ 100 ×
139.03/32.54
€427.2

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 142.68:

Valuetoday
=Value1993 ×
CPItoday/CPI1993
=€ 100 ×
142.68/32.54
€438.42

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 30 years between 1993 and 2023 and the average inflation rate was 4.9593%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.049593)30
€427.2

Slovakia inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1993 €4.27 euro in 2023
€5 euro in 1993 €21.36 euro in 2023
€10 euro in 1993 €42.72 euro in 2023
€50 euro in 1993 €213.6 euro in 2023
€100 euro in 1993 €427.2 euro in 2023
€500 euro in 1993 €2,136.01 euro in 2023
€1,000 euro in 1993 €4,272.01 euro in 2023
€5,000 euro in 1993 €21,360.07 euro in 2023
€10,000 euro in 1993 €42,720.13 euro in 2023
€50,000 euro in 1993 €213,600.65 euro in 2023
€100,000 euro in 1993 €427,201.31 euro in 2023
€500,000 euro in 1993 €2,136,006.53 euro in 2023
€1,000,000 euro in 1993 €4,272,013.07 euro in 2023
Cumulative inflation From 1993 338.42%
Avg. annual inflation From 1993 4.88%
CPI 1993 32.54
CPI today 142.68

Value of Euro over time (by year)

Period Value
1993 100
1994 113.42
1995 124.58
1996 131.77
1997 139.87
1998 149.19
1999 164.96
2000 184.81
2001 198.36
2002 204.56
2003 222.06
2004 238.82
2005 245.29
2006 256.29
2007 263.35
2008 275.46
2009 279.91
2010 282.59
2011 293.67
2012 304.26
2013 308.52
2014 308.28
2015 307.28
2016 305.68
2017 309.69
2018 317.48
2019 325.94
2020 332.25
2021 342.72
2022 386.5
2023 427.2
2024-04 437.26
Today 438.42

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: