Value of 1984 Euro (Spain) today

€100 in 1984
€361.02 in 2022

The inflation rate in Spain between 1984 and today has been 261.02%, which translates into a total increase of €261.02. This means that 100 euro in 1984 are equivalent to 361.02 euro in 2022. In other words, the purchasing power of €100 in 1984 equals €361.02 today. The average annual inflation rate between these periods has been 3.44%.

Inflation timeline in Spain (1984 - 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 1984-2021 227.23%
Cumulative inflation 1984-today 261.02%
Avg. Annual inflation 1984-2021 3.26%
CPI 1984 32.71
CPI 2021 107.05
CPI 2022-10 (latest official data) 117.62
CPI today 118.11

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 1984 and 2021, use the corresponding CPI values:

Value2021
=Value1984 ×
CPI2021/CPI1984
=€ 100 ×
107.05/32.71
€327.23

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 118.11:

Valuetoday
=Value1984 ×
CPItoday/CPI1984
=€ 100 ×
118.11/32.71
€361.02

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 37 years between 1984 and 2021 and the average inflation rate was 3.256%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.03256)37
€327.23

Spain inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1984 €3.27 euro in 2021
€5 euro in 1984 €16.36 euro in 2021
€10 euro in 1984 €32.72 euro in 2021
€50 euro in 1984 €163.62 euro in 2021
€100 euro in 1984 €327.23 euro in 2021
€500 euro in 1984 €1,636.17 euro in 2021
€1,000 euro in 1984 €3,272.35 euro in 2021
€5,000 euro in 1984 €16,361.75 euro in 2021
€10,000 euro in 1984 €32,723.49 euro in 2021
€50,000 euro in 1984 €163,617.46 euro in 2021
€100,000 euro in 1984 €327,234.91 euro in 2021
€500,000 euro in 1984 €1,636,174.56 euro in 2021
€1,000,000 euro in 1984 €3,272,349.12 euro in 2021
Cumulative inflation From 1984 261.02%
Avg. annual inflation From 1984 3.44%
CPI 1984 32.71
CPI today 118.11

Value of Euro over time (by year)

Period Value
1984 100
1985 108.81
1986 118.38
1987 124.6
1988 130.62
1989 139.5
1990 148.87
1991 157.71
1992 167.05
1993 174.68
1994 182.93
1995 191.47
1996 198.29
1997 202.2
1998 205.91
1999 210.66
2000 217.9
2001 225.72
2002 232.64
2003 239.71
2004 246.99
2005 255.31
2006 264.29
2007 271.66
2008 282.73
2009 281.91
2010 286.99
2011 296.16
2012 303.4
2013 307.68
2014 307.21
2015 305.68
2016 305.06
2017 311.02
2018 316.23
2019 318.44
2020 317.42
2021 327.23
2022-10 359.52
Today 361.02

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: