Value of 1994 Euro (Netherlands) today

€100 in 1994

€200 in 2024

The inflation rate in the Netherlands between 1994 and today has been 100%, which translates into a total increase of €100. This means that 100 euro in 1994 are equivalent to 200 euro in 2024. In other words, the purchasing power of €100 in 1994 equals €200 today. The average annual inflation rate between these periods has been 2.34%.

Inflation timeline in the Netherlands (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	90.04%
Cumulative inflation 1994-today	100%
Avg. Annual inflation 1994-2023	2.24%
CPI 1994	66.35
CPI 2023	126.09
CPI 2024-10 (latest official data)	132.26
CPI today	132.7

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:

Value_t =Value₀ ×

CPI_t/CPI₀

To obtain the values equivalent in buying power between 1994 and 2023, use the corresponding CPI values:

Value₂₀₂₃

=Value₁₉₉₄ ×

CPI₂₀₂₃/CPI₁₉₉₄

=€ 100 ×

126.09/66.35

≈€190.04

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 132.7:

Value_today

=Value₁₉₉₄ ×

CPI_today/CPI₁₉₉₄

=€ 100 ×

132.7/66.35

≈€200

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 2.2387%. Therefore, we can resolve the formula like this:

Value₂₀₂₃

=PV × (1 + i)ⁿ

=€100 × (1 + 0.022387)²⁹

≈€190.04

Netherlands inflation - Conversion table

Initial Value		Equivalent value
€1 euro in 1994	→	€1.9 euro in 2023
€5 euro in 1994	→	€9.5 euro in 2023
€10 euro in 1994	→	€19 euro in 2023
€50 euro in 1994	→	€95.02 euro in 2023
€100 euro in 1994	→	€190.04 euro in 2023
€500 euro in 1994	→	€950.19 euro in 2023
€1,000 euro in 1994	→	€1,900.39 euro in 2023
€5,000 euro in 1994	→	€9,501.95 euro in 2023
€10,000 euro in 1994	→	€19,003.9 euro in 2023
€50,000 euro in 1994	→	€95,019.49 euro in 2023
€100,000 euro in 1994	→	€190,038.98 euro in 2023
€500,000 euro in 1994	→	€950,194.9 euro in 2023
€1,000,000 euro in 1994	→	€1,900,389.81 euro in 2023

Cumulative inflation From 1994	100%
Avg. annual inflation From 1994	2.34%
CPI 1994	66.35
CPI today	132.7

Value of Euro over time (by year)

Period	Value
1994	100
1995	101.92
1996	103.91
1997	106.1
1998	108.18
1999	110.51
2000	113.12
2001	117.82
2002	121.7
2003	124.24
2004	125.81
2005	127.94
2006	129.35
2007	131.43
2008	134.7
2009	136.3
2010	138.04
2011	141.27
2012	144.74
2013	148.37
2014	149.82
2015	150.72
2016	151.2
2017	153.29
2018	155.9
2019	160
2020	162.04
2021	166.37
2022	183.01
2023	190.04
2024-10	199.34
Today	200