Value of 1999 Euro (Slovakia) today

€100 in 1999
€249.38 in 2023

The inflation rate in Slovakia between 1999 and today has been 149.38%, which translates into a total increase of €149.38. This means that 100 euro in 1999 are equivalent to 249.38 euro in 2023. In other words, the purchasing power of €100 in 1999 equals €249.38 today. The average annual inflation rate between these periods has been 3.88%.

Inflation timeline in Slovakia (1999 - 2023)

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 1999-2022 134.3%
Cumulative inflation 1999-today 149.38%
Avg. Annual inflation 1999-2022 3.77%
CPI 1999 53.68
CPI 2022 125.78
CPI 2022-12 (latest official data) 132.2
CPI today 133.88

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 1999 and 2022, use the corresponding CPI values:

Value2022
=Value1999 ×
CPI2022/CPI1999
=€ 100 ×
125.78/53.68
€234.3

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 133.88:

Valuetoday
=Value1999 ×
CPItoday/CPI1999
=€ 100 ×
133.88/53.68
€249.38

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 23 years between 1999 and 2022 and the average inflation rate was 3.7712%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=€100 × (1 + 0.037712)23
€234.3

Slovakia inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1999 €2.34 euro in 2022
€5 euro in 1999 €11.71 euro in 2022
€10 euro in 1999 €23.43 euro in 2022
€50 euro in 1999 €117.15 euro in 2022
€100 euro in 1999 €234.3 euro in 2022
€500 euro in 1999 €1,171.49 euro in 2022
€1,000 euro in 1999 €2,342.99 euro in 2022
€5,000 euro in 1999 €11,714.94 euro in 2022
€10,000 euro in 1999 €23,429.88 euro in 2022
€50,000 euro in 1999 €117,149.42 euro in 2022
€100,000 euro in 1999 €234,298.84 euro in 2022
€500,000 euro in 1999 €1,171,494.18 euro in 2022
€1,000,000 euro in 1999 €2,342,988.36 euro in 2022
Cumulative inflation From 1999 149.38%
Avg. annual inflation From 1999 3.88%
CPI 1999 53.68
CPI today 133.88

Value of Euro over time (by year)

Period Value
1999 100
2000 112.04
2001 120.25
2002 124.01
2003 134.62
2004 144.78
2005 148.7
2006 155.37
2007 159.65
2008 166.99
2009 169.69
2010 171.31
2011 178.03
2012 184.44
2013 187.03
2014 186.89
2015 186.28
2016 185.31
2017 187.74
2018 192.46
2019 197.59
2020 201.42
2021 207.76
2022 234.3
2022-12 246.27
Today 249.38

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 | 2022 |

Other currencies: