Value of 1989 Euro (Spain) today

€100 in 1989

€237.3 in 2019

The inflation rate in Spain between 1989 and today has been 137.3%, which translates into a total increase of €137.3. This means that 100 euro in 1989 are equivalent to 237.3 euro in 2019. In other words, the purchasing power of €100 in 1989 equals €237.3 today. The average annual inflation rate has been 2.83%.

Inflation timeline in Spain (1989-2019)

The following chart depicts the equivalence of €100 throughout the years due to 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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1989-2019) 137.15%
Total Inflation* 137.3%
Annual inflation avg. (1989-2019) 2.92%
Annual inflation avg.* 2.83%
CPI 1989 43.94
CPI 2019 104.19
CPI today* 104.26
€1 in 1989 €2.37 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 30 years between 1989 and 2019 and the average inflation rate has been 2.8269%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.03)30 = €237.15

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 1989 was 43.94 and the CPI today is 104.26. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
104.19/43.94
= €237.15

Spain inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1989 €2.37 euro today
€5 euro in 1989 €11.87 euro today
€10 euro in 1989 €23.73 euro today
€50 euro in 1989 €118.65 euro today
€100 euro in 1989 €237.3 euro today
€500 euro in 1989 €1,186.52 euro today
€1,000 euro in 1989 €2,373.05 euro today
€5,000 euro in 1989 €11,865.23 euro today
€10,000 euro in 1989 €23,730.46 euro today
€50,000 euro in 1989 €118,652.31 euro today
€100,000 euro in 1989 €237,304.62 euro today
€500,000 euro in 1989 €1,186,523.08 euro today
€1,000,000 euro in 1989 €2,373,046.17 euro today

Value of Euro in time (by year)

Period Value
1989 100
1990 106.89
1991 113.89
1992 120.18
1993 126.61
1994 132.85
1995 138.61
1996 144.59
1997 149.24
1998 152.24
1999 154.38
2000 158.89
2001 165.18
2002 169.65
2003 176.43
2004 181.02
2005 186.87
2006 193.85
2007 199.01
2008 207.41
2009 210.38
2010 212.06
2011 218.39
2012 223.59
2013 230
2014 230.58
2015 228.18
2016 228.22
2017 231.8
2018 234.38
2019 237.15
Today 237.3