Value of 1991 Euro (Spain) today

€100 in 1991
€229.01 in 2022

The inflation rate in Spain between 1991 and today has been 129.01%, which translates into a total increase of €129.01. This means that 100 euro in 1991 are equivalent to 229.01 euro in 2022. In other words, the purchasing power of €100 in 1991 equals €229.01 today. The average annual inflation rate between these periods has been 2.71%.

Inflation timeline in Spain (1991 - 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 1991-2021 107.5%
Cumulative inflation 1991-today 129.01%
Avg. Annual inflation 1991-2021 2.46%
CPI 1991 51.59
CPI 2021 107.05
CPI 2022-10 (latest official data) 117.62
CPI today 118.15

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 1991 and 2021, use the corresponding CPI values:

Value2021
=Value1991 ×
CPI2021/CPI1991
=€ 100 ×
107.05/51.59
€207.5

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 118.15:

Valuetoday
=Value1991 ×
CPItoday/CPI1991
=€ 100 ×
118.15/51.59
€229.01

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 30 years between 1991 and 2021 and the average inflation rate was 2.463%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.02463)30
€207.5

Spain inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1991 €2.07 euro in 2021
€5 euro in 1991 €10.37 euro in 2021
€10 euro in 1991 €20.75 euro in 2021
€50 euro in 1991 €103.75 euro in 2021
€100 euro in 1991 €207.5 euro in 2021
€500 euro in 1991 €1,037.48 euro in 2021
€1,000 euro in 1991 €2,074.96 euro in 2021
€5,000 euro in 1991 €10,374.78 euro in 2021
€10,000 euro in 1991 €20,749.56 euro in 2021
€50,000 euro in 1991 €103,747.8 euro in 2021
€100,000 euro in 1991 €207,495.59 euro in 2021
€500,000 euro in 1991 €1,037,477.95 euro in 2021
€1,000,000 euro in 1991 €2,074,955.9 euro in 2021
Cumulative inflation From 1991 129.01%
Avg. annual inflation From 1991 2.71%
CPI 1991 51.59
CPI today 118.15

Value of Euro over time (by year)

Period Value
1991 100
1992 105.92
1993 110.76
1994 115.99
1995 121.41
1996 125.73
1997 128.21
1998 130.56
1999 133.58
2000 138.17
2001 143.13
2002 147.51
2003 152
2004 156.62
2005 161.89
2006 167.58
2007 172.25
2008 179.27
2009 178.76
2010 181.97
2011 187.79
2012 192.38
2013 195.09
2014 194.8
2015 193.82
2016 193.43
2017 197.22
2018 200.52
2019 201.92
2020 201.27
2021 207.5
2022-10 227.97
Today 229.01

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: