Value of 1993 Euro today

€100 in 1993

€161.39 in 2018

The inflation rate in the eurozone between 1993 and today has been 61.39%, which translates into a total increase of €61.39. This means that 100 euro in 1993 are equivalent to 161.39 euro in 2018. In other words, the purchasing power of €100 in 1993 equals €161.39 today. The average annual inflation rate has been 1.86%.

Inflation timeline in the eurozone (1993-2018)

The following chart ilustrates the equivalence of €100 throughout the years due to inflation and CPI changes. All values are equivalent in terms of purchashing 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 (1993-2018) 58.59%
Total Inflation* 61.39%
Annual inflation avg. (1993-2018) 1.86%
Annual inflation avg.* 1.86%
CPI 1993 64.74
CPI 2018 102.68
CPI today* 104.49
€1 in 1993 €1.59 in 2018

* 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 25 years between 1993 and 2018 and the average inflation rate has been 1.858%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.02)25 = €158.59

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 1993 was 64.74 and the CPI today is 104.49. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
102.68/64.74
= €158.59

Eurozone inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1993 €1.61 euro today
€5 euro in 1993 €8.07 euro today
€10 euro in 1993 €16.14 euro today
€50 euro in 1993 €80.69 euro today
€100 euro in 1993 €161.39 euro today
€500 euro in 1993 €806.95 euro today
€1,000 euro in 1993 €1,613.9 euro today
€5,000 euro in 1993 €8,069.5 euro today
€10,000 euro in 1993 €16,139 euro today
€50,000 euro in 1993 €80,694.98 euro today
€100,000 euro in 1993 €161,389.96 euro today
€500,000 euro in 1993 €806,949.81 euro today
€1,000,000 euro in 1993 €1,613,899.61 euro today

Value of Euro in time (by year)

Period Value
1993 100
1994 103.19
1995 105.95
1996 108.59
1997 110.96
1998 112.74
1999 113.69
2000 115.76
2001 118.73
2002 121.22
2003 124.03
2004 126.53
2005 129.51
2006 132.46
2007 135.01
2008 139.21
2009 141.49
2010 142.81
2011 145.97
2012 149.99
2013 153.33
2014 154.62
2015 154.36
2016 154.72
2017 156.48
2018 158.59
Today 161.39