Value of 1995 Euro (Spain) today

€100 in 1995
€198.87 in 2024

The inflation rate in Spain between 1995 and today has been 98.87%, which translates into a total increase of €98.87. This means that 100 euro in 1995 are equivalent to 198.87 euro in 2024. In other words, the purchasing power of €100 in 1995 equals €198.87 today. The average annual inflation rate between these periods has been 2.4%.

Inflation timeline in Spain (1995 - 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 1995-2023 91.79%
Cumulative inflation 1995-today 98.87%
Avg. Annual inflation 1995-2023 2.35%
CPI 1995 62.64
CPI 2023 120.13
CPI 2024-06 (latest official data) 124.41
CPI today 124.57

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 1995 and 2023, use the corresponding CPI values:

Value2023
=Value1995 ×
CPI2023/CPI1995
=€ 100 ×
120.13/62.64
€191.79

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 124.57:

Valuetoday
=Value1995 ×
CPItoday/CPI1995
=€ 100 ×
124.57/62.64
€198.87

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 28 years between 1995 and 2023 and the average inflation rate was 2.353%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.02353)28
€191.79

Spain inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1995 €1.92 euro in 2023
€5 euro in 1995 €9.59 euro in 2023
€10 euro in 1995 €19.18 euro in 2023
€50 euro in 1995 €95.89 euro in 2023
€100 euro in 1995 €191.79 euro in 2023
€500 euro in 1995 €958.93 euro in 2023
€1,000 euro in 1995 €1,917.85 euro in 2023
€5,000 euro in 1995 €9,589.27 euro in 2023
€10,000 euro in 1995 €19,178.55 euro in 2023
€50,000 euro in 1995 €95,892.74 euro in 2023
€100,000 euro in 1995 €191,785.47 euro in 2023
€500,000 euro in 1995 €958,927.36 euro in 2023
€1,000,000 euro in 1995 €1,917,854.71 euro in 2023
Cumulative inflation From 1995 98.87%
Avg. annual inflation From 1995 2.4%
CPI 1995 62.64
CPI today 124.57

Value of Euro over time (by year)

Period Value
1995 100
1996 103.56
1997 105.6
1998 107.54
1999 110.02
2000 113.8
2001 117.88
2002 121.5
2003 125.19
2004 129
2005 133.34
2006 138.03
2007 141.88
2008 147.66
2009 147.23
2010 149.88
2011 154.67
2012 158.46
2013 160.69
2014 160.45
2015 159.64
2016 159.32
2017 162.44
2018 165.16
2019 166.31
2020 165.77
2021 170.9
2022 185.24
2023 191.79
2024-06 198.61
Today 198.87

All available years

Today's value of euro (Spain) by year:

1955 | 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: