Value of 1987 Euro (Spain) today

€100 in 1987
€291.85 in 2022

The inflation rate in Spain between 1987 and today has been 191.85%, which translates into a total increase of €191.85. This means that 100 euro in 1987 are equivalent to 291.85 euro in 2022. In other words, the purchasing power of €100 in 1987 equals €291.85 today. The average annual inflation rate between these periods has been 3.11%.

Inflation timeline in Spain (1987 - 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 1987-2021 162.63%
Cumulative inflation 1987-today 191.85%
Avg. Annual inflation 1987-2021 2.88%
CPI 1987 40.76
CPI 2021 107.05
CPI 2022-08 (latest official data) 118.04
CPI today 118.96

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 1987 and 2021, use the corresponding CPI values:

Value2021
=Value1987 ×
CPI2021/CPI1987
=€ 100 ×
107.05/40.76
€262.63

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 118.96:

Valuetoday
=Value1987 ×
CPItoday/CPI1987
=€ 100 ×
118.96/40.76
€291.85

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 34 years between 1987 and 2021 and the average inflation rate was 2.8807%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.028807)34
€262.63

Spain inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1987 €2.63 euro in 2021
€5 euro in 1987 €13.13 euro in 2021
€10 euro in 1987 €26.26 euro in 2021
€50 euro in 1987 €131.32 euro in 2021
€100 euro in 1987 €262.63 euro in 2021
€500 euro in 1987 €1,313.17 euro in 2021
€1,000 euro in 1987 €2,626.34 euro in 2021
€5,000 euro in 1987 €13,131.69 euro in 2021
€10,000 euro in 1987 €26,263.37 euro in 2021
€50,000 euro in 1987 €131,316.85 euro in 2021
€100,000 euro in 1987 €262,633.7 euro in 2021
€500,000 euro in 1987 €1,313,168.51 euro in 2021
€1,000,000 euro in 1987 €2,626,337.02 euro in 2021
Cumulative inflation From 1987 191.85%
Avg. annual inflation From 1987 3.11%
CPI 1987 40.76
CPI today 118.96

Value of Euro over time (by year)

Period Value
1987 100
1988 104.84
1989 111.96
1990 119.48
1991 126.57
1992 134.07
1993 140.2
1994 146.81
1995 153.67
1996 159.14
1997 162.28
1998 165.26
1999 169.08
2000 174.88
2001 181.16
2002 186.71
2003 192.39
2004 198.23
2005 204.91
2006 212.12
2007 218.03
2008 226.91
2009 226.26
2010 230.33
2011 237.69
2012 243.51
2013 246.94
2014 246.56
2015 245.33
2016 244.83
2017 249.62
2018 253.8
2019 255.58
2020 254.75
2021 262.63
2022-08 289.59
Today 291.85

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: