Value of 1994 Euro (Slovakia) today

€100 in 1994
€350.76 in 2022

The inflation rate in Slovakia between 1994 and today has been 250.76%, which translates into a total increase of €250.76. This means that 100 euro in 1994 are equivalent to 350.76 euro in 2022. In other words, the purchasing power of €100 in 1994 equals €350.76 today. The average annual inflation rate between these periods has been 4.58%.

Inflation timeline in Slovakia (1994 - 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 1994-2021 202.18%
Cumulative inflation 1994-today 250.76%
Avg. Annual inflation 1994-2021 4.18%
CPI 1994 36.91
CPI 2021 111.53
CPI 2022-08 (latest official data) 127.98
CPI today 129.46

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 1994 and 2021, use the corresponding CPI values:

Value2021
=Value1994 ×
CPI2021/CPI1994
=€ 100 ×
111.53/36.91
€302.18

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 129.46:

Valuetoday
=Value1994 ×
CPItoday/CPI1994
=€ 100 ×
129.46/36.91
€350.76

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 27 years between 1994 and 2021 and the average inflation rate was 4.1808%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.041808)27
€302.18

Slovakia inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1994 €3.02 euro in 2021
€5 euro in 1994 €15.11 euro in 2021
€10 euro in 1994 €30.22 euro in 2021
€50 euro in 1994 €151.09 euro in 2021
€100 euro in 1994 €302.18 euro in 2021
€500 euro in 1994 €1,510.89 euro in 2021
€1,000 euro in 1994 €3,021.78 euro in 2021
€5,000 euro in 1994 €15,108.89 euro in 2021
€10,000 euro in 1994 €30,217.78 euro in 2021
€50,000 euro in 1994 €151,088.92 euro in 2021
€100,000 euro in 1994 €302,177.85 euro in 2021
€500,000 euro in 1994 €1,510,889.23 euro in 2021
€1,000,000 euro in 1994 €3,021,778.47 euro in 2021
Cumulative inflation From 1994 250.76%
Avg. annual inflation From 1994 4.58%
CPI 1994 36.91
CPI today 129.46

Value of Euro over time (by year)

Period Value
1994 100
1995 109.84
1996 116.19
1997 123.32
1998 131.54
1999 145.45
2000 162.95
2001 174.9
2002 180.36
2003 195.79
2004 210.57
2005 216.28
2006 225.97
2007 232.2
2008 242.88
2009 246.8
2010 249.17
2011 258.93
2012 268.27
2013 272.03
2014 271.82
2015 270.93
2016 269.52
2017 273.06
2018 279.93
2019 287.38
2020 292.95
2021 302.18
2022-08 346.75
Today 350.76

All available years

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

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: