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Value of 1949 Australian Dollars today

$100 in 1949
$3,461.4 in 2024

The inflation rate in Australia between 1949 and today has been 3,361.4%, which translates into a total increase of $3,361.4. This means that 100 dollars in 1949 are equivalent to 3,461.4 dollars in 2024. In other words, the purchasing power of $100 in 1949 equals $3,461.4 today. The average annual inflation rate between these periods has been 4.84%.

Inflation timeline in Australia (1949 - 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 (AUD) 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 1949-2023 3,239.75%
Cumulative inflation 1949-today 3,361.4%
Avg. Annual inflation 1949-2023 4.86%
CPI 1949 3.74
CPI 2023 124.84
CPI 2024-Q1 (latest official data) 127.61
CPI today 129.39

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 1949 and 2023, use the corresponding CPI values:

Value2023
=Value1949 ×
CPI2023/CPI1949
=$ 100 ×
124.84/3.74
$3,339.75

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 129.39:

Valuetoday
=Value1949 ×
CPItoday/CPI1949
=$ 100 ×
129.39/3.74
$3,461.4

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 74 years between 1949 and 2023 and the average inflation rate was 4.8554%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=$100 × (1 + 0.048554)74
$3,339.75

Australia inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1949 $33.4 dollars in 2023
$5 dollars in 1949 $166.99 dollars in 2023
$10 dollars in 1949 $333.98 dollars in 2023
$50 dollars in 1949 $1,669.88 dollars in 2023
$100 dollars in 1949 $3,339.75 dollars in 2023
$500 dollars in 1949 $16,698.76 dollars in 2023
$1,000 dollars in 1949 $33,397.52 dollars in 2023
$5,000 dollars in 1949 $166,987.6 dollars in 2023
$10,000 dollars in 1949 $333,975.19 dollars in 2023
$50,000 dollars in 1949 $1,669,875.96 dollars in 2023
$100,000 dollars in 1949 $3,339,751.92 dollars in 2023
$500,000 dollars in 1949 $16,698,759.61 dollars in 2023
$1,000,000 dollars in 1949 $33,397,519.22 dollars in 2023
Cumulative inflation From 1949 3,361.4%
Avg. annual inflation From 1949 4.84%
CPI 1949 3.74
CPI today 129.39

Value of Dollar over time (by year)

Period Value
1949 100
1950 108.7
1951 129.81
1952 152.17
1953 159.01
1954 161.49
1955 163.98
1956 173.29
1957 178.26
1958 179.5
1959 183.23
1960 190.06
1961 194.41
1962 193.79
1963 195.03
1964 200.62
1965 207.45
1966 214.29
1967 221.74
1968 227.33
1969 234.78
1970 242.86
1971 257.76
1972 273.29
1973 298.14
1974 344.1
1975 396.27
1976 449.07
1977 504.35
1978 544.72
1979 594.41
1980 654.66
1981 716.77
1982 798.14
1983 878.26
1984 913.04
1985 974.53
1986 1,062.73
1987 1,153.42
1988 1,236.65
1989 1,329.81
1990 1,427.33
1991 1,472.67
1992 1,487.58
1993 1,513.66
1994 1,543.48
1995 1,614.91
1996 1,657.14
1997 1,660.87
1998 1,675.16
1999 1,700
2000 1,775.78
2001 1,854.04
2002 1,909.32
2003 1,961.49
2004 2,007.45
2005 2,061.49
2006 2,134.78
2007 2,184.47
2008 2,279.5
2009 2,319.88
2010 2,387.58
2011 2,466.46
2012 2,509.94
2013 2,571.43
2014 2,635.4
2015 2,675.16
2016 2,709.32
2017 2,762.11
2018 2,814.91
2019 2,860.25
2020 2,884.47
2021 2,967.08
2022 3,162.73
2023 3,339.75
2024-Q1 3,413.66
Today 3,461.4

All available years

Today's value of australian dollars by year:

1949 | 1950 | 1951 | 1952 | 1953 | 1954 | 1955 | 1956 | 1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 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 | 2022 | 2023 |

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