Value of 1993 Euro (Spain) today

€100 in 1993
€213 in 2024

The inflation rate in Spain between 1993 and today has been 113%, which translates into a total increase of €113. This means that 100 euro in 1993 are equivalent to 213 euro in 2024. In other words, the purchasing power of €100 in 1993 equals €213 today. The average annual inflation rate between these periods has been 2.47%.

Inflation timeline in Spain (1993 - 2024)

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 1993-2023 110.22%
Cumulative inflation 1993-today 113%
Avg. Annual inflation 1993-2023 2.51%
CPI 1993 57.15
CPI 2023 120.13
CPI 2023-12 (latest official data) 121.3
CPI today 121.72

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 1993 and 2023, use the corresponding CPI values:

Value2023
=Value1993 ×
CPI2023/CPI1993
=€ 100 ×
120.13/57.15
€210.22

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 121.72:

Valuetoday
=Value1993 ×
CPItoday/CPI1993
=€ 100 ×
121.72/57.15
€213

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 1993 and 2023 and the average inflation rate was 2.5076%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.025076)30
€210.22

Spain inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1993 €2.1 euro in 2023
€5 euro in 1993 €10.51 euro in 2023
€10 euro in 1993 €21.02 euro in 2023
€50 euro in 1993 €105.11 euro in 2023
€100 euro in 1993 €210.22 euro in 2023
€500 euro in 1993 €1,051.11 euro in 2023
€1,000 euro in 1993 €2,102.21 euro in 2023
€5,000 euro in 1993 €10,511.07 euro in 2023
€10,000 euro in 1993 €21,022.13 euro in 2023
€50,000 euro in 1993 €105,110.66 euro in 2023
€100,000 euro in 1993 €210,221.32 euro in 2023
€500,000 euro in 1993 €1,051,106.6 euro in 2023
€1,000,000 euro in 1993 €2,102,213.2 euro in 2023
Cumulative inflation From 1993 113%
Avg. annual inflation From 1993 2.47%
CPI 1993 57.15
CPI today 121.72

Value of Euro over time (by year)

Period Value
1993 100
1994 104.72
1995 109.61
1996 113.51
1997 115.75
1998 117.87
1999 120.6
2000 124.74
2001 129.22
2002 133.18
2003 137.22
2004 141.4
2005 146.16
2006 151.3
2007 155.51
2008 161.85
2009 161.39
2010 164.29
2011 169.54
2012 173.69
2013 176.13
2014 175.87
2015 174.99
2016 174.63
2017 178.05
2018 181.03
2019 182.3
2020 181.71
2021 187.33
2022 203.05
2023 210.22
2023-12 212.26
Today 213

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 | 2022 | 2023 |

Other currencies: