Value of 1997 Euro (Slovakia) today

€100 in 1997
€284.43 in 2022

The inflation rate in Slovakia between 1997 and today has been 184.43%, which translates into a total increase of €184.43. This means that 100 euro in 1997 are equivalent to 284.43 euro in 2022. In other words, the purchasing power of €100 in 1997 equals €284.43 today. The average annual inflation rate between these periods has been 4.27%.

Inflation timeline in Slovakia (1997 - 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 1997-2021 145.03%
Cumulative inflation 1997-today 184.43%
Avg. Annual inflation 1997-2021 3.8%
CPI 1997 45.52
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 1997 and 2021, use the corresponding CPI values:

Value2021
=Value1997 ×
CPI2021/CPI1997
=€ 100 ×
111.53/45.52
€245.03

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

Valuetoday
=Value1997 ×
CPItoday/CPI1997
=€ 100 ×
129.46/45.52
€284.43

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 24 years between 1997 and 2021 and the average inflation rate was 3.8049%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.038049)24
€245.03

Slovakia inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1997 €2.45 euro in 2021
€5 euro in 1997 €12.25 euro in 2021
€10 euro in 1997 €24.5 euro in 2021
€50 euro in 1997 €122.52 euro in 2021
€100 euro in 1997 €245.03 euro in 2021
€500 euro in 1997 €1,225.16 euro in 2021
€1,000 euro in 1997 €2,450.33 euro in 2021
€5,000 euro in 1997 €12,251.64 euro in 2021
€10,000 euro in 1997 €24,503.27 euro in 2021
€50,000 euro in 1997 €122,516.35 euro in 2021
€100,000 euro in 1997 €245,032.7 euro in 2021
€500,000 euro in 1997 €1,225,163.5 euro in 2021
€1,000,000 euro in 1997 €2,450,327.01 euro in 2021
Cumulative inflation From 1997 184.43%
Avg. annual inflation From 1997 4.27%
CPI 1997 45.52
CPI today 129.46

Value of Euro over time (by year)

Period Value
1997 100
1998 106.67
1999 117.94
2000 132.14
2001 141.82
2002 146.26
2003 158.77
2004 170.75
2005 175.38
2006 183.24
2007 188.29
2008 196.95
2009 200.13
2010 202.05
2011 209.96
2012 217.54
2013 220.58
2014 220.41
2015 219.7
2016 218.55
2017 221.42
2018 226.99
2019 233.04
2020 237.55
2021 245.03
2022-08 281.18
Today 284.43

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: