Value of 1984 Euro (Spain) today

€100 in 1984

€335.45 in 2019

The inflation rate in Spain between 1984 and today has been 235.45%, which translates into a total increase of €235.45. This means that 100 euro in 1984 are equivalent to 335.45 euro in 2019. In other words, the purchasing power of €100 in 1984 equals €335.45 today. The average annual inflation rate has been 3.42%.

Inflation timeline in Spain (1984-2019)

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 (1984-2019) 235.21%
Total Inflation* 235.45%
Annual inflation avg. (1984-2019) 3.52%
Annual inflation avg.* 3.42%
CPI 1984 31.08
CPI 2019 104.19
CPI today* 104.27
€1 in 1984 €3.35 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 35 years between 1984 and 2019 and the average inflation rate has been 3.4191%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.03)35 = €335.21

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 1984 was 31.08 and the CPI today is 104.27. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
104.19/31.08
= €335.21

Spain inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1984 €3.35 euro today
€5 euro in 1984 €16.77 euro today
€10 euro in 1984 €33.55 euro today
€50 euro in 1984 €167.73 euro today
€100 euro in 1984 €335.45 euro today
€500 euro in 1984 €1,677.26 euro today
€1,000 euro in 1984 €3,354.52 euro today
€5,000 euro in 1984 €16,772.62 euro today
€10,000 euro in 1984 €33,545.23 euro today
€50,000 euro in 1984 €167,726.16 euro today
€100,000 euro in 1984 €335,452.32 euro today
€500,000 euro in 1984 €1,677,261.6 euro today
€1,000,000 euro in 1984 €3,354,523.19 euro today

Value of Euro in time (by year)

Period Value
1984 100
1985 109.03
1986 117.94
1987 127.67
1988 133.55
1989 141.35
1990 151.09
1991 160.98
1992 169.88
1993 178.96
1994 187.78
1995 195.92
1996 204.38
1997 210.95
1998 215.2
1999 218.22
2000 224.59
2001 233.48
2002 239.8
2003 249.38
2004 255.88
2005 264.14
2006 274
2007 281.31
2008 293.18
2009 297.38
2010 299.74
2011 308.7
2012 316.04
2013 325.1
2014 325.92
2015 322.53
2016 322.58
2017 327.65
2018 331.29
2019 335.21
Today 335.45