Equating £10 26 years ago to euro today

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ulcercentral

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I'm hoping someone could help me with this frivolous query!

I would like to find out what £10 (irish pounds) 26 years ago would be equivalent to in today's euro.

It's a sentimental thing, my Mom bought a moses basket for my birth 26 odd years ago. In the time since it has been used by 10 children between family and friends, and the time has now come for it to return to me for my first child - the first grandchild!

Can anyone help?

Thanks
UC
 
ulcercentral said:
I'm hoping someone could help me with this frivolous query!

I would like to find out what £10 (irish pounds) 26 years ago would be equivalent to in today's euro.

It's a sentimental thing, my Mom bought a moses basket for my birth 26 odd years ago. In the time since it has been used by 10 children between family and friends, and the time has now come for it to return to me for my first child - the first grandchild!

Can anyone help?

Thanks
UC
Click to expand...

Find out what a pint, big mac etc cost then and compare it to now?
 
Convert £10 to € (i.e. €12.70) and then use the [broken link removed] on the CSO website to see what £10 26 years ago would be equivalent to in € today. The ready reckoner [broken link removed] suggests that the answer is c. €130.40.
 
€130.40 is too high no? Closer to 40 euro, according to that ready reckoner.
 
Sorry - I worked it out the wrong way - just took the 1980 figure and multiplied by 10 which is obviously wrong. :eek:
 
Assuming the £10 was spent on the moses basket on 1/1/1981 ( important as the rate of inflation was 20.4% that year) , the euro equivalent at the 30/11/2006 ( as far as cso data goes) is € 42.59.
 
I must say thank you so much for the insight!!! It has created some interesting discussions with family this weekend!!! My Mom was sure it would have been more, but this is more to do with how much money £10 was then compared to what €42.59 is now!

Thanks again!

I'm sure the basket will continue to serve future children ;)
 
On the subject of Moses Baskets, we are the current keepers of the one that is 50+ years in our family so far!
 
interesting, from the guiness story, the av industrial wage multiplied by 5 in the 10 years 69 -79 yet took 25 years to multiply by the same amount again.

Or maybe not interesting at all.:)

You could also buy 98 pints with your wages in 1969, but you can buy 153 now.
 
as money roughly trebles in value every 10 years and convert this to euro ie multply by 1.27 about €150 today
 
Wendy I would also be very interested to know where this rule of thumb has come from ... If you are Credit Card lender offering money at 11.7% or so ... then your investment will indeed triple every 10 years ...

given an average rate of inflation of 3.1% 10 will become 14 in ten years time
 
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