Value of 1950 Australian Dollars today

$100 in 1950

$2,768.31 in 2018

The inflation rate in Australia between 1950 and today has been 2,668.31%, which translates into a total increase of $2,668.31. This means that 100 dolars in 1950 are equivalent to 2,768.31 dolars in 2018. In other words, the purchasing power of $100 in 1950 equals $2,768.31 today. The average annual inflation rate has been 4.93%.

Inflation timeline in Australia (1950-2018)

The following chart ilustrates the equivalence of $100 throughout the years due to inflation and CPI changes. All values are equivalent in terms of purchashing 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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1950-2018) 2,634.15%
Total Inflation* 2,668.31%
Annual inflation avg. (1950-2018) 4.99%
Annual inflation avg.* 4.93%
CPI 1950 3.81
CPI 2018 104.11
CPI today* 105.41
$1 in 1950 $27.34 in 2018

* Values extrapolated from the last official data to obtain today's values.

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 compound interest formula or the Consumer Price Index (CPI) formula.

Using the compound interest formula

Given that money changes in time as a result of an inflation rate that acts as a compound interest, the following formula can be used: 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 68 years between 1950 and 2018 and the average inflation rate has been 4.9305%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $100 * (1 + 0.05)68 = $2,734.15

Using the CPI formula

When the CPI for both start and end years is known, the following formula can be used:

Final value = Initial value *
CPI final/CPI initial

In this case, the CPI in 1950 was 3.81 and the CPI today is 105.41. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $100 *
104.11/3.81
= $2,734.15

Australia inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1950 $27.68 dolars today
$5 dolars in 1950 $138.42 dolars today
$10 dolars in 1950 $276.83 dolars today
$50 dolars in 1950 $1,384.15 dolars today
$100 dolars in 1950 $2,768.31 dolars today
$500 dolars in 1950 $13,841.53 dolars today
$1,000 dolars in 1950 $27,683.06 dolars today
$5,000 dolars in 1950 $138,415.31 dolars today
$10,000 dolars in 1950 $276,830.63 dolars today
$50,000 dolars in 1950 $1,384,153.13 dolars today
$100,000 dolars in 1950 $2,768,306.27 dolars today
$500,000 dolars in 1950 $13,841,531.34 dolars today
$1,000,000 dolars in 1950 $27,683,062.69 dolars today

Value of Dollar in time (by year)

Period Value
1950 100
1951 112.2
1952 139.02
1953 153.66
1954 156.1
1955 158.54
1956 163.41
1957 173.17
1958 175.61
1959 178.05
1960 182.93
1961 190.24
1962 190.24
1963 190.24
1964 192.68
1965 200
1966 207.32
1967 212.2
1968 219.51
1969 224.39
1970 231.71
1971 243.9
1972 260.98
1973 273.17
1974 307.32
1975 358.54
1976 409.76
1977 468.29
1978 512.19
1979 551.22
1980 607.32
1981 663.41
1982 736.59
1983 819.51
1984 890.24
1985 912.19
1986 987.8
1987 1,082.93
1988 1,160.98
1989 1,248.78
1990 1,346.34
1991 1,439.02
1992 1,460.98
1993 1,465.85
1994 1,492.68
1995 1,531.71
1996 1,609.76
1997 1,634.15
1998 1,629.27
1999 1,653.66
2000 1,685.37
2001 1,782.93
2002 1,839.02
2003 1,892.68
2004 1,939.02
2005 1,987.8
2006 2,043.9
2007 2,112.19
2008 2,173.17
2009 2,253.66
2010 2,300
2011 2,363.41
2012 2,434.15
2013 2,487.8
2014 2,556.1
2015 2,600
2016 2,643.9
2017 2,682.93
2018 2,734.15
Today 2,768.31