Value of 1994 Euro (Spain) today

€100 in 1994
€203.45 in 2024

The inflation rate in Spain between 1994 and today has been 103.45%, which translates into a total increase of €103.45. This means that 100 euro in 1994 are equivalent to 203.45 euro in 2024. In other words, the purchasing power of €100 in 1994 equals €203.45 today. The average annual inflation rate between these periods has been 2.4%.

Inflation timeline in Spain (1994 - 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 1994-2023 100.75%
Cumulative inflation 1994-today 103.45%
Avg. Annual inflation 1994-2023 2.43%
CPI 1994 59.84
CPI 2023 120.13
CPI 2023-12 (latest official data) 121.3
CPI today 121.75

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 1994 and 2023, use the corresponding CPI values:

Value2023
=Value1994 ×
CPI2023/CPI1994
=€ 100 ×
120.13/59.84
€200.75

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 121.75:

Valuetoday
=Value1994 ×
CPItoday/CPI1994
=€ 100 ×
121.75/59.84
€203.45

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 29 years between 1994 and 2023 and the average inflation rate was 2.4322%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.024322)29
€200.75

Spain inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1994 €2.01 euro in 2023
€5 euro in 1994 €10.04 euro in 2023
€10 euro in 1994 €20.07 euro in 2023
€50 euro in 1994 €100.37 euro in 2023
€100 euro in 1994 €200.75 euro in 2023
€500 euro in 1994 €1,003.75 euro in 2023
€1,000 euro in 1994 €2,007.49 euro in 2023
€5,000 euro in 1994 €10,037.46 euro in 2023
€10,000 euro in 1994 €20,074.92 euro in 2023
€50,000 euro in 1994 €100,374.58 euro in 2023
€100,000 euro in 1994 €200,749.16 euro in 2023
€500,000 euro in 1994 €1,003,745.8 euro in 2023
€1,000,000 euro in 1994 €2,007,491.6 euro in 2023
Cumulative inflation From 1994 103.45%
Avg. annual inflation From 1994 2.4%
CPI 1994 59.84
CPI today 121.75

Value of Euro over time (by year)

Period Value
1994 100
1995 104.67
1996 108.4
1997 110.54
1998 112.56
1999 115.16
2000 119.12
2001 123.39
2002 127.18
2003 131.04
2004 135.02
2005 139.57
2006 144.48
2007 148.51
2008 154.56
2009 154.11
2010 156.89
2011 161.9
2012 165.86
2013 168.2
2014 167.94
2015 167.1
2016 166.77
2017 170.03
2018 172.88
2019 174.08
2020 173.52
2021 178.89
2022 193.9
2023 200.75
2023-12 202.7
Today 203.45

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: