Value of 2009 Euro today

€640 in 2009

€735.58 in 2021

The inflation rate in the eurozone between 2009 and today has been 14.93%, which translates into a total increase of €95.58. This means that 640 euro in 2009 are equivalent to 735.58 euro in 2021. In other words, the purchasing power of €640 in 2009 equals €735.58 today. The average annual inflation rate has been 1.08%.

Inflation timeline in the eurozone (2009-2021)

The following chart depicts the equivalence of €640 throughout the years due to 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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (2009-2021) 14.96%
Total Inflation* 14.93%
Annual inflation avg. (2009-2021) 1.17%
Annual inflation avg.* 1.08%
CPI 2009 91.47
CPI 2021 105.15
CPI today* 105.13
€1 in 2009 €1.15 in 2021

* 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 with 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 €640 worth today. There are 12 years between 2009 and 2021 and the average inflation rate has been 1.0764%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €640 * (1 + 0.01)12 = €735.72

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 2009 was 91.47 and the CPI today is 105.13. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €640 *
105.15/91.47
= €735.72

Eurozone inflation - Conversion table

Initial Value Equivalent value
€1 euro in 2009 €1.15 euro today
€5 euro in 2009 €5.75 euro today
€10 euro in 2009 €11.49 euro today
€50 euro in 2009 €57.47 euro today
€100 euro in 2009 €114.93 euro today
€500 euro in 2009 €574.67 euro today
€1,000 euro in 2009 €1,149.34 euro today
€5,000 euro in 2009 €5,746.68 euro today
€10,000 euro in 2009 €11,493.37 euro today
€50,000 euro in 2009 €57,466.84 euro today
€100,000 euro in 2009 €114,933.67 euro today
€500,000 euro in 2009 €574,668.37 euro today
€1,000,000 euro in 2009 €1,149,336.74 euro today

Value of Euro over time (by year)

Period Value
2009 640
2010 645.88
2011 660.22
2012 678.41
2013 693.46
2014 699.33
2015 698.14
2016 699.89
2017 707.59
2018 717.11
2019 728.02
2020 737.68
2021 735.72
Today 735.58