Value of 1993 Euro today

€100 in 1993
€191.79 in 2024

The inflation rate in the Eurozone between 1993 and today has been 91.79%, which translates into a total increase of €91.79. This means that 100 euro in 1993 are equivalent to 191.79 euro in 2024. In other words, the purchasing power of €100 in 1993 equals €191.79 today. The average annual inflation rate between these periods has been 2.12%.

Inflation timeline in the Eurozone (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 86.74%
Cumulative inflation 1993-today 91.79%
Avg. Annual inflation 1993-2023 2.1%
CPI 1993 65.96
CPI 2023 123.17
CPI 2024-05 (latest official data) 126.32
CPI today 126.5

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 ×
123.17/65.96
€186.74

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 126.5:

Valuetoday
=Value1993 ×
CPItoday/CPI1993
=€ 100 ×
126.5/65.96
€191.79

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 2.1037%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.021037)30
€186.74

Eurozone inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1993 €1.87 euro in 2023
€5 euro in 1993 €9.34 euro in 2023
€10 euro in 1993 €18.67 euro in 2023
€50 euro in 1993 €93.37 euro in 2023
€100 euro in 1993 €186.74 euro in 2023
€500 euro in 1993 €933.71 euro in 2023
€1,000 euro in 1993 €1,867.42 euro in 2023
€5,000 euro in 1993 €9,337.1 euro in 2023
€10,000 euro in 1993 €18,674.2 euro in 2023
€50,000 euro in 1993 €93,371 euro in 2023
€100,000 euro in 1993 €186,742 euro in 2023
€500,000 euro in 1993 €933,710 euro in 2023
€1,000,000 euro in 1993 €1,867,420 euro in 2023
Cumulative inflation From 1993 91.79%
Avg. annual inflation From 1993 2.12%
CPI 1993 65.96
CPI today 126.5

Value of Euro over time (by year)

Period Value
1993 100
1994 102.83
1995 105.46
1996 107.93
1997 109.77
1998 111.11
1999 112.42
2000 114.88
2001 117.67
2002 120.34
2003 122.88
2004 125.57
2005 128.33
2006 131.16
2007 134.01
2008 138.5
2009 138.97
2010 141.2
2011 145.03
2012 148.67
2013 150.69
2014 151.33
2015 151.61
2016 151.96
2017 154.3
2018 157
2019 158.88
2020 159.27
2021 163.39
2022 177.13
2023 186.74
2024-05 191.52
Today 191.79

All available years

Today's value of euro by year:

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: