Value of 2007 Euro (Slovakia) today

€6,992 in 2007
€11,612.92 in 2024

The inflation rate in Slovakia between 2007 and today has been 66.09%, which translates into a total increase of €4,620.92. This means that 6,992 euro in 2007 are equivalent to 11,612.92 euro in 2022. In other words, the purchasing power of €6,992 in 2007 equals €11,612.92 today. The average annual inflation rate between these periods has been 3.22%.

Inflation timeline in Slovakia (2007 - 2024)

The following chart depicts the equivalence of €6,992 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 2007-2022 46.76%
Cumulative inflation 2007-today 66.09%
Avg. Annual inflation 2007-2022 2.59%
CPI 2007 85.7
CPI 2022 125.78
CPI 2024-02 (latest official data) 141.69
CPI today 142.35

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 2007 and 2022, use the corresponding CPI values:

Value2022
=Value2007 ×
CPI2022/CPI2007
=€ 6,992 ×
125.78/85.7
€10,261.37

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 142.35:

Valuetoday
=Value2007 ×
CPItoday/CPI2007
=€ 6,992 ×
142.35/85.7
€11,612.92

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 €6,992 worth today. There are 15 years between 2007 and 2022 and the average inflation rate was 2.5904%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=€6,992 × (1 + 0.025904)15
€10,261.37

Slovakia inflation - Conversion table

Initial Value Equivalent value
€1 euro in 2007 €1.47 euro in 2022
€5 euro in 2007 €7.34 euro in 2022
€10 euro in 2007 €14.68 euro in 2022
€50 euro in 2007 €73.38 euro in 2022
€100 euro in 2007 €146.76 euro in 2022
€500 euro in 2007 €733.79 euro in 2022
€1,000 euro in 2007 €1,467.59 euro in 2022
€5,000 euro in 2007 €7,337.94 euro in 2022
€10,000 euro in 2007 €14,675.87 euro in 2022
€50,000 euro in 2007 €73,379.36 euro in 2022
€100,000 euro in 2007 €146,758.72 euro in 2022
€500,000 euro in 2007 €733,793.62 euro in 2022
€1,000,000 euro in 2007 €1,467,587.24 euro in 2022
Cumulative inflation From 2007 66.09%
Avg. annual inflation From 2007 3.22%
CPI 2007 85.7
CPI today 142.35

Value of Euro over time (by year)

Period Value
2007 6,992
2008 7,313.5
2009 7,431.63
2010 7,502.75
2011 7,796.8
2012 8,077.96
2013 8,191.1
2014 8,184.85
2015 8,158.23
2016 8,115.81
2017 8,222.28
2018 8,429
2019 8,653.59
2020 8,821.21
2021 9,099.04
2022 10,261.37
2024-02 11,559.2
Today 11,612.92

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 | 2023 |

Other currencies: