Value of 1993 Euro (Portugal) today

€100 in 1993

€207.78 in 2024

The inflation rate in Portugal between 1993 and today has been 107.78%, which translates into a total increase of €107.78. This means that 100 euro in 1993 are equivalent to 207.78 euro in 2024. In other words, the purchasing power of €100 in 1993 equals €207.78 today. The average annual inflation rate between these periods has been 2.39%.

Inflation timeline in Portugal (1993 - 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 1993-2023	100.74%
Cumulative inflation 1993-today	107.78%
Avg. Annual inflation 1993-2023	2.35%
CPI 1993	58.63
CPI 2023	117.7
CPI 2024-10 (latest official data)	121.65
CPI today	121.83

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:

Value_t =Value₀ ×

CPI_t/CPI₀

To obtain the values equivalent in buying power between 1993 and 2023, use the corresponding CPI values:

Value₂₀₂₃

=Value₁₉₉₃ ×

CPI₂₀₂₃/CPI₁₉₉₃

=€ 100 ×

117.7/58.63

≈€200.74

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 121.83:

Value_today

=Value₁₉₉₃ ×

CPI_today/CPI₁₉₉₃

=€ 100 ×

121.83/58.63

≈€207.78

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 30 years between 1993 and 2023 and the average inflation rate was 2.35%. Therefore, we can resolve the formula like this:

Value₂₀₂₃

=PV × (1 + i)ⁿ

=€100 × (1 + 0.0235)³⁰

≈€200.74

Portugal inflation - Conversion table

Initial Value		Equivalent value
€1 euro in 1993	→	€2.01 euro in 2023
€5 euro in 1993	→	€10.04 euro in 2023
€10 euro in 1993	→	€20.07 euro in 2023
€50 euro in 1993	→	€100.37 euro in 2023
€100 euro in 1993	→	€200.74 euro in 2023
€500 euro in 1993	→	€1,003.7 euro in 2023
€1,000 euro in 1993	→	€2,007.4 euro in 2023
€5,000 euro in 1993	→	€10,037.01 euro in 2023
€10,000 euro in 1993	→	€20,074.03 euro in 2023
€50,000 euro in 1993	→	€100,370.14 euro in 2023
€100,000 euro in 1993	→	€200,740.29 euro in 2023
€500,000 euro in 1993	→	€1,003,701.44 euro in 2023
€1,000,000 euro in 1993	→	€2,007,402.88 euro in 2023

Cumulative inflation From 1993	107.78%
Avg. annual inflation From 1993	2.39%
CPI 1993	58.63
CPI today	121.83

Value of Euro over time (by year)

Period	Value
1993	100
1994	105.42
1995	109.87
1996	113.24
1997	115.89
1998	118.87
1999	121.65
2000	125.12
2001	130.59
2002	135.29
2003	139.65
2004	142.95
2005	146.21
2006	150.75
2007	154.45
2008	158.45
2009	157.12
2010	159.33
2011	165.15
2012	169.73
2013	170.19
2014	169.72
2015	170.55
2016	171.59
2017	173.93
2018	175.66
2019	176.26
2020	176.23
2021	178.46
2022	192.44
2023	200.74
2024-10	207.48
Today	207.78