Value of 1978 Euro (Spain) today

€100 in 1978
€795.85 in 2022

The inflation rate in Spain between 1978 and today has been 695.85%, which translates into a total increase of €695.85. This means that 100 euro in 1978 are equivalent to 795.85 euro in 2022. In other words, the purchasing power of €100 in 1978 equals €795.85 today. The average annual inflation rate between these periods has been 4.83%.

Inflation timeline in Spain (1978 - 2022)

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 1978-2021 615.56%
Cumulative inflation 1978-today 695.85%
Avg. Annual inflation 1978-2021 4.68%
CPI 1978 14.96
CPI 2021 107.05
CPI 2022-08 (latest official data) 118.04
CPI today 119.07

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 1978 and 2021, use the corresponding CPI values:

Value2021
=Value1978 ×
CPI2021/CPI1978
=€ 100 ×
107.05/14.96
€715.56

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 119.07:

Valuetoday
=Value1978 ×
CPItoday/CPI1978
=€ 100 ×
119.07/14.96
€795.85

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 43 years between 1978 and 2021 and the average inflation rate was 4.6828%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.046828)43
€715.56

Spain inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1978 €7.16 euro in 2021
€5 euro in 1978 €35.78 euro in 2021
€10 euro in 1978 €71.56 euro in 2021
€50 euro in 1978 €357.78 euro in 2021
€100 euro in 1978 €715.56 euro in 2021
€500 euro in 1978 €3,577.79 euro in 2021
€1,000 euro in 1978 €7,155.58 euro in 2021
€5,000 euro in 1978 €35,777.88 euro in 2021
€10,000 euro in 1978 €71,555.75 euro in 2021
€50,000 euro in 1978 €357,778.76 euro in 2021
€100,000 euro in 1978 €715,557.51 euro in 2021
€500,000 euro in 1978 €3,577,787.57 euro in 2021
€1,000,000 euro in 1978 €7,155,575.13 euro in 2021
Cumulative inflation From 1978 695.85%
Avg. annual inflation From 1978 4.83%
CPI 1978 14.96
CPI today 119.07

Value of Euro over time (by year)

Period Value
1978 100
1979 115.66
1980 133.66
1981 153.11
1982 175.18
1983 196.5
1984 218.67
1985 237.94
1986 258.87
1987 272.45
1988 285.63
1989 305.03
1990 325.54
1991 344.85
1992 365.29
1993 381.98
1994 400
1995 418.69
1996 433.59
1997 442.14
1998 450.25
1999 460.65
2000 476.47
2001 493.57
2002 508.71
2003 524.17
2004 540.1
2005 558.29
2006 577.92
2007 594.02
2008 618.23
2009 616.45
2010 627.55
2011 647.6
2012 663.45
2013 672.79
2014 671.77
2015 668.41
2016 667.06
2017 680.11
2018 691.5
2019 696.34
2020 694.09
2021 715.56
2022-08 789.01
Today 795.85

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 |

Other currencies: