Value of 1979 Euro (Spain) today

€100 in 1979
€683.64 in 2023

The inflation rate in Spain between 1979 and today has been 583.64%, which translates into a total increase of €583.64. This means that 100 euro in 1979 are equivalent to 683.64 euro in 2023. In other words, the purchasing power of €100 in 1979 equals €683.64 today. The average annual inflation rate between these periods has been 4.47%.

Inflation timeline in Spain (1979 - 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 1979-2022 570.58%
Cumulative inflation 1979-today 583.64%
Avg. Annual inflation 1979-2022 4.52%
CPI 1979 17.3
CPI 2022 116.04
CPI 2022-12 (latest official data) 117.65
CPI today 118.29

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 1979 and 2022, use the corresponding CPI values:

Value2022
=Value1979 ×
CPI2022/CPI1979
=€ 100 ×
116.04/17.3
€670.58

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 118.29:

Valuetoday
=Value1979 ×
CPItoday/CPI1979
=€ 100 ×
118.29/17.3
€683.64

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 1979 and 2022 and the average inflation rate was 4.5249%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=€100 × (1 + 0.045249)43
€670.58

Spain inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1979 €6.71 euro in 2022
€5 euro in 1979 €33.53 euro in 2022
€10 euro in 1979 €67.06 euro in 2022
€50 euro in 1979 €335.29 euro in 2022
€100 euro in 1979 €670.58 euro in 2022
€500 euro in 1979 €3,352.91 euro in 2022
€1,000 euro in 1979 €6,705.83 euro in 2022
€5,000 euro in 1979 €33,529.13 euro in 2022
€10,000 euro in 1979 €67,058.26 euro in 2022
€50,000 euro in 1979 €335,291.3 euro in 2022
€100,000 euro in 1979 €670,582.59 euro in 2022
€500,000 euro in 1979 €3,352,912.96 euro in 2022
€1,000,000 euro in 1979 €6,705,825.92 euro in 2022
Cumulative inflation From 1979 583.64%
Avg. annual inflation From 1979 4.47%
CPI 1979 17.3
CPI today 118.29

Value of Euro over time (by year)

Period Value
1979 100
1980 115.56
1981 132.38
1982 151.46
1983 169.9
1984 189.06
1985 205.73
1986 223.82
1987 235.56
1988 246.96
1989 263.73
1990 281.46
1991 298.16
1992 315.83
1993 330.26
1994 345.84
1995 362
1996 374.89
1997 382.28
1998 389.29
1999 398.28
2000 411.96
2001 426.75
2002 439.83
2003 453.19
2004 466.97
2005 482.7
2006 499.67
2007 513.59
2008 534.52
2009 532.99
2010 542.58
2011 559.92
2012 573.62
2013 581.7
2014 580.82
2015 577.91
2016 576.74
2017 588.02
2018 597.87
2019 602.05
2020 600.11
2021 618.67
2022 670.58
2022-12 679.91
Today 683.64

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: