Value of 1994 Euro today

€100 in 1994
€170.24 in 2022

The inflation rate in the Eurozone between 1994 and today has been 70.24%, which translates into a total increase of €70.24. This means that 100 euro in 1994 are equivalent to 170.24 euro in 2022. In other words, the purchasing power of €100 in 1994 equals €170.24 today. The average annual inflation rate between these periods has been 1.92%.

Inflation timeline in the Eurozone (1994 - 2022)

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 1994-2021 58.82%
Cumulative inflation 1994-today 70.24%
Avg. Annual inflation 1994-2021 1.73%
CPI 1994 67.86
CPI 2021 107.78
CPI 2022-03 (latest official data) 114.46
CPI today 115.53

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 2021, use the corresponding CPI values:

Value2021
=Value1994 ×
CPI2021/CPI1994
=€ 100 ×
107.78/67.86
€158.82

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 115.53:

Valuetoday
=Value1994 ×
CPItoday/CPI1994
=€ 100 ×
115.53/67.86
€170.24

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 27 years between 1994 and 2021 and the average inflation rate was 1.7282%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.017282)27
€158.82

Eurozone inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1994 €1.59 euro in 2021
€5 euro in 1994 €7.94 euro in 2021
€10 euro in 1994 €15.88 euro in 2021
€50 euro in 1994 €79.41 euro in 2021
€100 euro in 1994 €158.82 euro in 2021
€500 euro in 1994 €794.12 euro in 2021
€1,000 euro in 1994 €1,588.24 euro in 2021
€5,000 euro in 1994 €7,941.22 euro in 2021
€10,000 euro in 1994 €15,882.43 euro in 2021
€50,000 euro in 1994 €79,412.16 euro in 2021
€100,000 euro in 1994 €158,824.33 euro in 2021
€500,000 euro in 1994 €794,121.64 euro in 2021
€1,000,000 euro in 1994 €1,588,243.29 euro in 2021
Cumulative inflation From 1994 70.24%
Avg. annual inflation From 1994 1.92%
CPI 1994 67.86
CPI today 115.53

Value of Euro over time (by year)

Period Value
1994 100
1995 102.55
1996 104.96
1997 106.75
1998 108.06
1999 109.33
2000 111.71
2001 114.41
2002 117
2003 119.48
2004 122.09
2005 124.77
2006 127.51
2007 130.28
2008 134.64
2009 135.06
2010 137.24
2011 140.98
2012 144.5
2013 146.45
2014 147.08
2015 147.36
2016 147.7
2017 149.98
2018 152.61
2019 154.43
2020 154.82
2021 158.82
2022-03 168.67
Today 170.24

All available years

Today's value of euro by year:

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 |

Other currencies: