Value of 1961 Euro (Spain) today

€100 in 1961

€3,833.11 in 2019

The inflation rate in Spain between 1961 and today has been 3,733.11%, which translates into a total increase of €3,733.11. This means that 100 euro in 1961 are equivalent to 3,833.11 euro in 2019. In other words, the purchasing power of €100 in 1961 equals €3,833.11 today. The average annual inflation rate has been 6.38%.

Inflation timeline in Spain (1961-2019)

The following chart ilustrates the equivalence of €100 throughout the years due to inflation and CPI changes. All values are equivalent in terms of purchashing 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 (1961-2019) 3,730.34%
Total Inflation* 3,733.11%
Annual inflation avg. (1961-2019) 6.49%
Annual inflation avg.* 6.38%
CPI 1961 2.72
CPI 2019 104.19
CPI today* 104.27
€1 in 1961 €38.3 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 58 years between 1961 and 2019 and the average inflation rate has been 6.3751%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.06)58 = €3,830.34

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 1961 was 2.72 and the CPI today is 104.27. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
104.19/2.72
= €3,830.34

Spain inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1961 €38.33 euro today
€5 euro in 1961 €191.66 euro today
€10 euro in 1961 €383.31 euro today
€50 euro in 1961 €1,916.55 euro today
€100 euro in 1961 €3,833.11 euro today
€500 euro in 1961 €19,165.54 euro today
€1,000 euro in 1961 €38,331.08 euro today
€5,000 euro in 1961 €191,655.41 euro today
€10,000 euro in 1961 €383,310.82 euro today
€50,000 euro in 1961 €1,916,554.08 euro today
€100,000 euro in 1961 €3,833,108.17 euro today
€500,000 euro in 1961 €19,165,540.84 euro today
€1,000,000 euro in 1961 €38,331,081.68 euro today

Value of Euro in time (by year)

Period Value
1961 100
1962 100.96
1963 110.96
1964 117.04
1965 131.87
1966 144.23
1967 151.81
1968 161.77
1969 166.43
1970 172.13
1971 183.8
1972 201.52
1973 216.32
1974 247.05
1975 291.22
1976 332.27
1977 397.96
1978 502.98
1979 586.18
1980 677.58
1981 780.66
1982 893.12
1983 1,018.22
1984 1,142.67
1985 1,245.81
1986 1,347.69
1987 1,458.89
1988 1,525.99
1989 1,615.16
1990 1,726.43
1991 1,839.47
1992 1,941.15
1993 2,044.95
1994 2,145.67
1995 2,238.73
1996 2,335.43
1997 2,410.42
1998 2,458.99
1999 2,493.56
2000 2,566.31
2001 2,667.85
2002 2,740.09
2003 2,849.61
2004 2,923.83
2005 3,018.19
2006 3,130.93
2007 3,214.4
2008 3,350.06
2009 3,398.05
2010 3,425.05
2011 3,527.41
2012 3,611.28
2013 3,714.85
2014 3,724.2
2015 3,685.42
2016 3,686.05
2017 3,743.9
2018 3,785.54
2019 3,830.34
Today 3,833.11