Value of 1987 Euro (Spain) today

€100 in 1987

€262.74 in 2019

The inflation rate in Spain between 1987 and today has been 162.74%, which translates into a total increase of €162.74. This means that 100 euro in 1987 are equivalent to 262.74 euro in 2019. In other words, the purchasing power of €100 in 1987 equals €262.74 today. The average annual inflation rate has been 2.97%.

Inflation timeline in Spain (1987-2019)

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 (1987-2019) 162.55%
Total Inflation* 162.74%
Annual inflation avg. (1987-2019) 3.06%
Annual inflation avg.* 2.97%
CPI 1987 39.68
CPI 2019 104.19
CPI today* 104.27
€1 in 1987 €2.63 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 32 years between 1987 and 2019 and the average inflation rate has been 2.9705%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.03)32 = €262.55

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 1987 was 39.68 and the CPI today is 104.27. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
104.19/39.68
= €262.55

Spain inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1987 €2.63 euro today
€5 euro in 1987 €13.14 euro today
€10 euro in 1987 €26.27 euro today
€50 euro in 1987 €131.37 euro today
€100 euro in 1987 €262.74 euro today
€500 euro in 1987 €1,313.71 euro today
€1,000 euro in 1987 €2,627.41 euro today
€5,000 euro in 1987 €13,137.05 euro today
€10,000 euro in 1987 €26,274.11 euro today
€50,000 euro in 1987 €131,370.54 euro today
€100,000 euro in 1987 €262,741.08 euro today
€500,000 euro in 1987 €1,313,705.4 euro today
€1,000,000 euro in 1987 €2,627,410.8 euro today

Value of Euro in time (by year)

Period Value
1987 100
1988 104.6
1989 110.71
1990 118.34
1991 126.09
1992 133.06
1993 140.17
1994 147.08
1995 153.45
1996 160.08
1997 165.22
1998 168.55
1999 170.92
2000 175.91
2001 182.87
2002 187.82
2003 195.33
2004 200.41
2005 206.88
2006 214.61
2007 220.33
2008 229.63
2009 232.92
2010 234.77
2011 241.79
2012 247.54
2013 254.63
2014 255.28
2015 252.62
2016 252.66
2017 256.63
2018 259.48
2019 262.55
Today 262.74