Value of 2001 Euro (Slovakia) today

€100 in 2001
€200.86 in 2022

The inflation rate in Slovakia between 2001 and today has been 100.86%, which translates into a total increase of €100.86. This means that 100 euro in 2001 are equivalent to 200.86 euro in 2022. In other words, the purchasing power of €100 in 2001 equals €200.86 today. The average annual inflation rate between these periods has been 3.38%.

Inflation timeline in Slovakia (2001 - 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 2001-2021 72.78%
Cumulative inflation 2001-today 100.86%
Avg. Annual inflation 2001-2021 2.77%
CPI 2001 64.55
CPI 2021 111.53
CPI 2022-08 (latest official data) 127.98
CPI today 129.66

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 2001 and 2021, use the corresponding CPI values:

Value2021
=Value2001 ×
CPI2021/CPI2001
=€ 100 ×
111.53/64.55
€172.78

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 129.66:

Valuetoday
=Value2001 ×
CPItoday/CPI2001
=€ 100 ×
129.66/64.55
€200.86

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 20 years between 2001 and 2021 and the average inflation rate was 2.7719%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.027719)20
€172.78

Slovakia inflation - Conversion table

Initial Value Equivalent value
€1 euro in 2001 €1.73 euro in 2021
€5 euro in 2001 €8.64 euro in 2021
€10 euro in 2001 €17.28 euro in 2021
€50 euro in 2001 €86.39 euro in 2021
€100 euro in 2001 €172.78 euro in 2021
€500 euro in 2001 €863.88 euro in 2021
€1,000 euro in 2001 €1,727.76 euro in 2021
€5,000 euro in 2001 €8,638.81 euro in 2021
€10,000 euro in 2001 €17,277.63 euro in 2021
€50,000 euro in 2001 €86,388.13 euro in 2021
€100,000 euro in 2001 €172,776.26 euro in 2021
€500,000 euro in 2001 €863,881.3 euro in 2021
€1,000,000 euro in 2001 €1,727,762.6 euro in 2021
Cumulative inflation From 2001 100.86%
Avg. annual inflation From 2001 3.38%
CPI 2001 64.55
CPI today 129.66

Value of Euro over time (by year)

Period Value
2001 100
2002 103.13
2003 111.95
2004 120.4
2005 123.66
2006 129.21
2007 132.77
2008 138.87
2009 141.11
2010 142.47
2011 148.05
2012 153.39
2013 155.54
2014 155.42
2015 154.91
2016 154.11
2017 156.13
2018 160.05
2019 164.32
2020 167.5
2021 172.78
2022-08 198.26
Today 200.86

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: