Value of 1979 Euro (Spain) today

€100 in 1979

€653.92 in 2019

The inflation rate in Spain between 1979 and today has been 553.92%, which translates into a total increase of €553.92. This means that 100 euro in 1979 are equivalent to 653.92 euro in 2019. In other words, the purchasing power of €100 in 1979 equals €653.92 today. The average annual inflation rate has been 4.69%.

Inflation timeline in Spain (1979-2019)

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 (1979-2019) 553.44%
Total Inflation* 553.92%
Annual inflation avg. (1979-2019) 4.8%
Annual inflation avg.* 4.69%
CPI 1979 15.95
CPI 2019 104.19
CPI today* 104.27
€1 in 1979 €6.53 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 40 years between 1979 and 2019 and the average inflation rate has been 4.6865%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.05)40 = €653.44

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 1979 was 15.95 and the CPI today is 104.27. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
104.19/15.95
= €653.44

Spain inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1979 €6.54 euro today
€5 euro in 1979 €32.7 euro today
€10 euro in 1979 €65.39 euro today
€50 euro in 1979 €326.96 euro today
€100 euro in 1979 €653.92 euro today
€500 euro in 1979 €3,269.58 euro today
€1,000 euro in 1979 €6,539.16 euro today
€5,000 euro in 1979 €32,695.8 euro today
€10,000 euro in 1979 €65,391.6 euro today
€50,000 euro in 1979 €326,958.02 euro today
€100,000 euro in 1979 €653,916.05 euro today
€500,000 euro in 1979 €3,269,580.25 euro today
€1,000,000 euro in 1979 €6,539,160.49 euro today

Value of Euro in time (by year)

Period Value
1979 100
1980 115.59
1981 133.18
1982 152.36
1983 173.71
1984 194.94
1985 212.53
1986 229.91
1987 248.88
1988 260.33
1989 275.54
1990 294.52
1991 313.81
1992 331.15
1993 348.86
1994 366.04
1995 381.92
1996 398.42
1997 411.21
1998 419.5
1999 425.39
2000 437.8
2001 455.13
2002 467.45
2003 486.13
2004 498.8
2005 514.89
2006 534.13
2007 548.37
2008 571.51
2009 579.7
2010 584.3
2011 601.77
2012 616.07
2013 633.74
2014 635.34
2015 628.72
2016 628.83
2017 638.7
2018 645.8
2019 653.44
Today 653.92