Value of 2001 Euro today

€100 in 2001
€162.71 in 2024

The inflation rate in the Eurozone between 2001 and today has been 62.71%, which translates into a total increase of €62.71. This means that 100 euro in 2001 are equivalent to 162.71 euro in 2024. In other words, the purchasing power of €100 in 2001 equals €162.71 today. The average annual inflation rate between these periods has been 2.14%.

Inflation timeline in the Eurozone (2001 - 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 2001-2023 58.7%
Cumulative inflation 2001-today 62.71%
Avg. Annual inflation 2001-2023 2.12%
CPI 2001 77.61
CPI 2023 123.17
CPI 2024-04 (latest official data) 126.05
CPI today 126.28

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 2001 and 2023, use the corresponding CPI values:

Value2023
=Value2001 ×
CPI2023/CPI2001
=€ 100 ×
123.17/77.61
€158.7

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 126.28:

Valuetoday
=Value2001 ×
CPItoday/CPI2001
=€ 100 ×
126.28/77.61
€162.71

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 22 years between 2001 and 2023 and the average inflation rate was 2.1216%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.021216)22
€158.7

Eurozone inflation - Conversion table

Initial Value Equivalent value
€1 euro in 2001 €1.59 euro in 2023
€5 euro in 2001 €7.94 euro in 2023
€10 euro in 2001 €15.87 euro in 2023
€50 euro in 2001 €79.35 euro in 2023
€100 euro in 2001 €158.7 euro in 2023
€500 euro in 2001 €793.52 euro in 2023
€1,000 euro in 2001 €1,587.04 euro in 2023
€5,000 euro in 2001 €7,935.19 euro in 2023
€10,000 euro in 2001 €15,870.38 euro in 2023
€50,000 euro in 2001 €79,351.89 euro in 2023
€100,000 euro in 2001 €158,703.78 euro in 2023
€500,000 euro in 2001 €793,518.88 euro in 2023
€1,000,000 euro in 2001 €1,587,037.75 euro in 2023
Cumulative inflation From 2001 62.71%
Avg. annual inflation From 2001 2.14%
CPI 2001 77.61
CPI today 126.28

Value of Euro over time (by year)

Period Value
2001 100
2002 102.27
2003 104.43
2004 106.71
2005 109.06
2006 111.47
2007 113.89
2008 117.7
2009 118.1
2010 120
2011 123.26
2012 126.35
2013 128.06
2014 128.6
2015 128.85
2016 129.15
2017 131.13
2018 133.42
2019 135.02
2020 135.36
2021 138.86
2022 150.53
2023 158.7
2024-04 162.41
Today 162.71

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: