Value of 2018 Euro today

€83,660,000,000 in 2018
€94,411,148,538.82 in 2022

The inflation rate in the Eurozone between 2018 and today has been 12.85%, which translates into a total increase of €10,751,148,538.82. This means that 83,660,000,000 euro in 2018 are equivalent to 94,411,148,538.82 euro in 2022. In other words, the purchasing power of €83,660,000,000 in 2018 equals €94,411,148,538.82 today. The average annual inflation rate between these periods has been 3.07%.

Inflation timeline in the Eurozone (2018 - 2022)

The following chart depicts the equivalence of €83,660,000,000 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 2018-2021 4.07%
Cumulative inflation 2018-today 12.85%
Avg. Annual inflation 2018-2021 1.34%
CPI 2018 103.56
CPI 2021 107.78
CPI 2022-05 (latest official data) 116.07
CPI today 116.87

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 2018 and 2021, use the corresponding CPI values:

Value2021
=Value2018 ×
CPI2021/CPI2018
=€ 83,660,000,000 ×
107.78/103.56
€87,069,088,451.14

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 116.87:

Valuetoday
=Value2018 ×
CPItoday/CPI2018
=€ 83,660,000,000 ×
116.87/103.56
€94,411,148,538.82

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 €83,660,000,000 worth today. There are 3 years between 2018 and 2021 and the average inflation rate was 1.3403%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€83,660,000,000 × (1 + 0.013403)3
€87,069,088,451.14

Eurozone inflation - Conversion table

Initial Value Equivalent value
€1 euro in 2018 €1.04 euro in 2021
€5 euro in 2018 €5.2 euro in 2021
€10 euro in 2018 €10.41 euro in 2021
€50 euro in 2018 €52.04 euro in 2021
€100 euro in 2018 €104.07 euro in 2021
€500 euro in 2018 €520.37 euro in 2021
€1,000 euro in 2018 €1,040.75 euro in 2021
€5,000 euro in 2018 €5,203.75 euro in 2021
€10,000 euro in 2018 €10,407.49 euro in 2021
€50,000 euro in 2018 €52,037.47 euro in 2021
€100,000 euro in 2018 €104,074.93 euro in 2021
€500,000 euro in 2018 €520,374.66 euro in 2021
€1,000,000 euro in 2018 €1,040,749.32 euro in 2021
Cumulative inflation From 2018 12.85%
Avg. annual inflation From 2018 3.07%
CPI 2018 103.56
CPI today 116.87

Value of Euro over time (by year)

Period Value
2018 83,660,000,000
2019 84,661,722,672.85
2020 84,871,761,297.8
2021 87,069,088,451.14
2022-05 93,766,089,223.64
Today 94,411,148,538.82

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: