Value of 1994 Euro today

€100 in 1994

€156.39 in 2018

The inflation rate in the eurozone between 1994 and today has been 56.39%, which translates into a total increase of €56.39. This means that 100 euro in 1994 are equivalent to 156.39 euro in 2018. In other words, the purchasing power of €100 in 1994 equals €156.39 today. The average annual inflation rate has been 1.8%.

Inflation timeline in the eurozone (1994-2018)

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 (1994-2018) 53.68%
Total Inflation* 56.39%
Annual inflation avg. (1994-2018) 1.81%
Annual inflation avg.* 1.8%
CPI 1994 66.81
CPI 2018 102.68
CPI today* 104.49
€1 in 1994 €1.54 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 24 years between 1994 and 2018 and the average inflation rate has been 1.805%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.02)24 = €153.68

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 1994 was 66.81 and the CPI today is 104.49. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
102.68/66.81
= €153.68

Eurozone inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1994 €1.56 euro today
€5 euro in 1994 €7.82 euro today
€10 euro in 1994 €15.64 euro today
€50 euro in 1994 €78.2 euro today
€100 euro in 1994 €156.39 euro today
€500 euro in 1994 €781.97 euro today
€1,000 euro in 1994 €1,563.95 euro today
€5,000 euro in 1994 €7,819.75 euro today
€10,000 euro in 1994 €15,639.5 euro today
€50,000 euro in 1994 €78,197.49 euro today
€100,000 euro in 1994 €156,394.98 euro today
€500,000 euro in 1994 €781,974.91 euro today
€1,000,000 euro in 1994 €1,563,949.82 euro today

Value of Euro in time (by year)

Period Value
1994 100
1995 102.67
1996 105.23
1997 107.53
1998 109.25
1999 110.17
2000 112.18
2001 115.05
2002 117.46
2003 120.19
2004 122.61
2005 125.5
2006 128.36
2007 130.83
2008 134.9
2009 137.12
2010 138.39
2011 141.46
2012 145.35
2013 148.58
2014 149.84
2015 149.58
2016 149.93
2017 151.63
2018 153.68
Today 156.39