Value of 1956 Euro (Spain) today

€100 in 1956

€5,498.34 in 2019

The inflation rate in Spain between 1956 and today has been 5,398.34%, which translates into a total increase of €5,398.34. This means that 100 euro in 1956 are equivalent to 5,498.34 euro in 2019. In other words, the purchasing power of €100 in 1956 equals €5,498.34 today. The average annual inflation rate has been 6.46%.

Inflation timeline in Spain (1956-2019)

The following chart depicts the equivalence of €100 throughout the years due to 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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1956-2019) 5,394.36%
Total Inflation* 5,398.34%
Annual inflation avg. (1956-2019) 6.57%
Annual inflation avg.* 6.46%
CPI 1956 1.9
CPI 2019 104.19
CPI today* 104.27
€1 in 1956 €54.94 in 2019

* Values extrapolated from the last official data to obtain today's values.

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 compound interest formula or the Consumer Price Index (CPI) formula.

Using the compound interest formula

Given that money changes in time as a result of an inflation rate that acts as a compound interest, the following formula can be used: 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 63 years between 1956 and 2019 and the average inflation rate has been 6.4611%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.06)63 = €5,494.36

Using the CPI formula

When the CPI for both start and end years is known, the following formula can be used:

Final value = Initial value *
CPI final/CPI initial

In this case, the CPI in 1956 was 1.9 and the CPI today is 104.27. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
104.19/1.9
= €5,494.36

Spain inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1956 €54.98 euro today
€5 euro in 1956 €274.92 euro today
€10 euro in 1956 €549.83 euro today
€50 euro in 1956 €2,749.17 euro today
€100 euro in 1956 €5,498.34 euro today
€500 euro in 1956 €27,491.68 euro today
€1,000 euro in 1956 €54,983.36 euro today
€5,000 euro in 1956 €274,916.81 euro today
€10,000 euro in 1956 €549,833.63 euro today
€50,000 euro in 1956 €2,749,168.15 euro today
€100,000 euro in 1956 €5,498,336.3 euro today
€500,000 euro in 1956 €27,491,681.48 euro today
€1,000,000 euro in 1956 €54,983,362.95 euro today

Value of Euro in time (by year)

Period Value
1956 100
1957 108.44
1958 122.78
1959 137.36
1960 142.58
1961 143.44
1962 144.82
1963 159.17
1964 167.89
1965 189.15
1966 206.89
1967 217.76
1968 232.05
1969 238.74
1970 246.92
1971 263.64
1972 289.07
1973 310.3
1974 354.38
1975 417.73
1976 476.61
1977 570.85
1978 721.49
1979 840.83
1980 971.94
1981 1,119.8
1982 1,281.12
1983 1,460.57
1984 1,639.08
1985 1,787.03
1986 1,933.17
1987 2,092.68
1988 2,188.92
1989 2,316.84
1990 2,476.44
1991 2,638.59
1992 2,784.45
1993 2,933.34
1994 3,077.82
1995 3,211.3
1996 3,350.01
1997 3,457.59
1998 3,527.26
1999 3,576.84
2000 3,681.2
2001 3,826.86
2002 3,930.47
2003 4,087.58
2004 4,194.04
2005 4,329.39
2006 4,491.11
2007 4,610.83
2008 4,805.44
2009 4,874.28
2010 4,913.01
2011 5,059.83
2012 5,180.14
2013 5,328.7
2014 5,342.12
2015 5,286.49
2016 5,287.39
2017 5,370.38
2018 5,430.11
2019 5,494.36
Today 5,498.34