Value of 1994 Euro today

€100 in 1994
€187 in 2024

The inflation rate in the Eurozone between 1994 and today has been 87%, which translates into a total increase of €87. This means that 100 euro in 1994 are equivalent to 187 euro in 2024. In other words, the purchasing power of €100 in 1994 equals €187 today. The average annual inflation rate between these periods has been 2.11%.

Inflation timeline in the Eurozone (1994 - 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 1994-2023 81.6%
Cumulative inflation 1994-today 87%
Avg. Annual inflation 1994-2023 2.08%
CPI 1994 67.82
CPI 2023 123.17
CPI 2024-09 (latest official data) 126.61
CPI today 126.83

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 2023, use the corresponding CPI values:

Value2023
=Value1994 ×
CPI2023/CPI1994
=€ 100 ×
123.17/67.82
€181.6

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 126.83:

Valuetoday
=Value1994 ×
CPItoday/CPI1994
=€ 100 ×
126.83/67.82
€187

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 29 years between 1994 and 2023 and the average inflation rate was 2.0787%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.020787)29
€181.6

Eurozone inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1994 €1.82 euro in 2023
€5 euro in 1994 €9.08 euro in 2023
€10 euro in 1994 €18.16 euro in 2023
€50 euro in 1994 €90.8 euro in 2023
€100 euro in 1994 €181.6 euro in 2023
€500 euro in 1994 €908 euro in 2023
€1,000 euro in 1994 €1,816 euro in 2023
€5,000 euro in 1994 €9,080 euro in 2023
€10,000 euro in 1994 €18,160.01 euro in 2023
€50,000 euro in 1994 €90,800.03 euro in 2023
€100,000 euro in 1994 €181,600.05 euro in 2023
€500,000 euro in 1994 €908,000.27 euro in 2023
€1,000,000 euro in 1994 €1,816,000.53 euro in 2023
Cumulative inflation From 1994 87%
Avg. annual inflation From 1994 2.11%
CPI 1994 67.82
CPI today 126.83

Value of Euro over time (by year)

Period Value
1994 100
1995 102.55
1996 104.96
1997 106.75
1998 108.05
1999 109.32
2000 111.71
2001 114.43
2002 117.02
2003 119.5
2004 122.11
2005 124.79
2006 127.55
2007 130.32
2008 134.69
2009 135.14
2010 137.31
2011 141.04
2012 144.58
2013 146.54
2014 147.16
2015 147.44
2016 147.78
2017 150.05
2018 152.67
2019 154.5
2020 154.88
2021 158.89
2022 172.25
2023 181.6
2024-09 186.67
Today 187

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: