Value of 2002 Euro (Slovakia) today

€100 in 2002
€201.44 in 2023

The inflation rate in Slovakia between 2002 and today has been 101.44%, which translates into a total increase of €101.44. This means that 100 euro in 2002 are equivalent to 201.44 euro in 2023. In other words, the purchasing power of €100 in 2002 equals €201.44 today. The average annual inflation rate between these periods has been 3.39%.

Inflation timeline in Slovakia (2002 - 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 2002-2022 88.94%
Cumulative inflation 2002-today 101.44%
Avg. Annual inflation 2002-2022 3.23%
CPI 2002 66.57
CPI 2022 125.78
CPI 2022-12 (latest official data) 132.2
CPI today 134.1

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 2002 and 2022, use the corresponding CPI values:

Value2022
=Value2002 ×
CPI2022/CPI2002
=€ 100 ×
125.78/66.57
€188.94

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 134.1:

Valuetoday
=Value2002 ×
CPItoday/CPI2002
=€ 100 ×
134.1/66.57
€201.44

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 2002 and 2022 and the average inflation rate was 3.2324%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=€100 × (1 + 0.032324)20
€188.94

Slovakia inflation - Conversion table

Initial Value Equivalent value
€1 euro in 2002 €1.89 euro in 2022
€5 euro in 2002 €9.45 euro in 2022
€10 euro in 2002 €18.89 euro in 2022
€50 euro in 2002 €94.47 euro in 2022
€100 euro in 2002 €188.94 euro in 2022
€500 euro in 2002 €944.69 euro in 2022
€1,000 euro in 2002 €1,889.39 euro in 2022
€5,000 euro in 2002 €9,446.93 euro in 2022
€10,000 euro in 2002 €18,893.87 euro in 2022
€50,000 euro in 2002 €94,469.33 euro in 2022
€100,000 euro in 2002 €188,938.66 euro in 2022
€500,000 euro in 2002 €944,693.3 euro in 2022
€1,000,000 euro in 2002 €1,889,386.6 euro in 2022
Cumulative inflation From 2002 101.44%
Avg. annual inflation From 2002 3.39%
CPI 2002 66.57
CPI today 134.1

Value of Euro over time (by year)

Period Value
2002 100
2003 108.55
2004 116.75
2005 119.91
2006 125.29
2007 128.74
2008 134.66
2009 136.84
2010 138.15
2011 143.56
2012 148.74
2013 150.82
2014 150.7
2015 150.21
2016 149.43
2017 151.39
2018 155.2
2019 159.34
2020 162.42
2021 167.54
2022 188.94
2022-12 198.59
Today 201.44

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: