Value of 1978 Euro (Spain) today

€100 in 1978

€761.53 today

The inflation rate in Spain between 1978 and today has been 661.53%, which translates into a total increase of €661.53. This means that 100 euro in 1978 are equivalent to 761.53 euro in 2018. In other words, the purchasing power of €100 in 1978 equals €761.53 today. The average annual inflation rate has been 5.08%.

Inflation timeline in Spain (1978-2019)

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 (1978-2018) 652.62%
Total Inflation* 661.53%
Annual inflation avg. (1978-2018) 5.18%
Annual inflation avg.* 5.08%
CPI 1978 13.68
CPI 2018 102.97
CPI today* 104.19
€1 in 1978 €7.53 in 2018

* 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 40 years between 1978 and 2018 and the average inflation rate has been 5.0763%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.05)40 = €752.62

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 1978 was 13.68 and the CPI today is 104.19. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
102.97/13.68
= €752.62

Spain inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1978 €7.62 euro today
€5 euro in 1978 €38.08 euro today
€10 euro in 1978 €76.15 euro today
€50 euro in 1978 €380.77 euro today
€100 euro in 1978 €761.53 euro today
€500 euro in 1978 €3,807.66 euro today
€1,000 euro in 1978 €7,615.32 euro today
€5,000 euro in 1978 €38,076.59 euro today
€10,000 euro in 1978 €76,153.18 euro today
€50,000 euro in 1978 €380,765.91 euro today
€100,000 euro in 1978 €761,531.82 euro today
€500,000 euro in 1978 €3,807,659.1 euro today
€1,000,000 euro in 1978 €7,615,318.2 euro today

Value of Euro in time (by year)

Period Value
1978 100
1979 116.54
1980 134.71
1981 155.21
1982 177.57
1983 202.44
1984 227.18
1985 247.69
1986 267.94
1987 290.05
1988 303.39
1989 321.12
1990 343.24
1991 365.71
1992 385.93
1993 406.57
1994 426.59
1995 445.09
1996 464.32
1997 479.23
1998 488.88
1999 495.76
2000 510.22
2001 530.41
2002 544.77
2003 566.55
2004 581.3
2005 600.06
2006 622.48
2007 639.07
2008 666.04
2009 675.58
2010 680.95
2011 701.3
2012 717.98
2013 738.57
2014 740.43
2015 732.72
2016 732.84
2017 744.34
2018 752.62
Today 761.53