Value of 1966 Euro (Spain) today

€100 in 1966
€2,954.91 in 2023

The inflation rate in Spain between 1966 and today has been 2,854.91%, which translates into a total increase of €2,854.91. This means that 100 euro in 1966 are equivalent to 2,954.91 euro in 2023. In other words, the purchasing power of €100 in 1966 equals €2,954.91 today. The average annual inflation rate between these periods has been 6.12%.

Inflation timeline in Spain (1966 - 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 1966-2022 2,799.39%
Cumulative inflation 1966-today 2,854.91%
Avg. Annual inflation 1966-2022 6.2%
CPI 1966 4
CPI 2022 116.04
CPI 2022-12 (latest official data) 117.65
CPI today 118.26

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 1966 and 2022, use the corresponding CPI values:

Value2022
=Value1966 ×
CPI2022/CPI1966
=€ 100 ×
116.04/4
€2,899.39

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 118.26:

Valuetoday
=Value1966 ×
CPItoday/CPI1966
=€ 100 ×
118.26/4
€2,954.91

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 56 years between 1966 and 2022 and the average inflation rate was 6.1971%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=€100 × (1 + 0.061971)56
€2,899.39

Spain inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1966 €28.99 euro in 2022
€5 euro in 1966 €144.97 euro in 2022
€10 euro in 1966 €289.94 euro in 2022
€50 euro in 1966 €1,449.7 euro in 2022
€100 euro in 1966 €2,899.39 euro in 2022
€500 euro in 1966 €14,496.97 euro in 2022
€1,000 euro in 1966 €28,993.94 euro in 2022
€5,000 euro in 1966 €144,969.7 euro in 2022
€10,000 euro in 1966 €289,939.39 euro in 2022
€50,000 euro in 1966 €1,449,696.96 euro in 2022
€100,000 euro in 1966 €2,899,393.91 euro in 2022
€500,000 euro in 1966 €14,496,969.56 euro in 2022
€1,000,000 euro in 1966 €28,993,939.13 euro in 2022
Cumulative inflation From 1966 2,854.91%
Avg. annual inflation From 1966 6.12%
CPI 1966 4
CPI today 118.26

Value of Euro over time (by year)

Period Value
1966 100
1967 106.39
1968 111.66
1969 114.07
1970 120.61
1971 130.55
1972 141.35
1973 157.48
1974 182.18
1975 213.06
1976 250.62
1977 312.11
1978 373.83
1979 432.37
1980 499.65
1981 572.35
1982 654.86
1983 734.58
1984 817.44
1985 889.49
1986 967.72
1987 1,018.51
1988 1,067.78
1989 1,140.3
1990 1,216.94
1991 1,289.16
1992 1,365.54
1993 1,427.93
1994 1,495.3
1995 1,565.19
1996 1,620.89
1997 1,652.84
1998 1,683.16
1999 1,722.05
2000 1,781.18
2001 1,845.12
2002 1,901.68
2003 1,959.47
2004 2,019.03
2005 2,087.04
2006 2,160.41
2007 2,220.62
2008 2,311.12
2009 2,304.47
2010 2,345.94
2011 2,420.92
2012 2,480.14
2013 2,515.08
2014 2,511.28
2015 2,498.71
2016 2,493.65
2017 2,542.43
2018 2,585.01
2019 2,603.09
2020 2,594.69
2021 2,674.95
2022 2,899.39
2022-12 2,939.74
Today 2,954.91

All available years

Today's value of euro (Spain) by year:

1956 | 1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 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: