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Value of 1950 Australian Dollars today

$100 in 1950
$3,072.78 in 2022

The inflation rate in Australia between 1950 and today has been 2,972.78%, which translates into a total increase of $2,972.78. This means that 100 dollars in 1950 are equivalent to 3,072.78 dollars in 2022. In other words, the purchasing power of $100 in 1950 equals $3,072.78 today. The average annual inflation rate between these periods has been 4.87%.

Inflation timeline in Australia (1950 - 2022)

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 1950-2021 2,629.72%
Cumulative inflation 1950-today 2,972.78%
Avg. Annual inflation 1950-2021 4.77%
CPI 1950 4.06
CPI 2021 110.91
CPI 2022-Q3 (latest official data) 119.25
CPI today 124.85

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 1950 and 2021, use the corresponding CPI values:

Value2021
=Value1950 ×
CPI2021/CPI1950
=$ 100 ×
110.91/4.06
$2,729.72

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 124.85:

Valuetoday
=Value1950 ×
CPItoday/CPI1950
=$ 100 ×
124.85/4.06
$3,072.78

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 71 years between 1950 and 2021 and the average inflation rate was 4.7676%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.047676)71
$2,729.72

Australia inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1950 $27.3 dollars in 2021
$5 dollars in 1950 $136.49 dollars in 2021
$10 dollars in 1950 $272.97 dollars in 2021
$50 dollars in 1950 $1,364.86 dollars in 2021
$100 dollars in 1950 $2,729.72 dollars in 2021
$500 dollars in 1950 $13,648.58 dollars in 2021
$1,000 dollars in 1950 $27,297.15 dollars in 2021
$5,000 dollars in 1950 $136,485.75 dollars in 2021
$10,000 dollars in 1950 $272,971.51 dollars in 2021
$50,000 dollars in 1950 $1,364,857.54 dollars in 2021
$100,000 dollars in 1950 $2,729,715.08 dollars in 2021
$500,000 dollars in 1950 $13,648,575.38 dollars in 2021
$1,000,000 dollars in 1950 $27,297,150.76 dollars in 2021
Cumulative inflation From 1950 2,972.78%
Avg. annual inflation From 1950 4.87%
CPI 1950 4.06
CPI today 124.85

Value of Dollar over time (by year)

Period Value
1950 100
1951 119.43
1952 140
1953 146.29
1954 148.57
1955 150.86
1956 159.43
1957 164
1958 165.14
1959 168.57
1960 174.86
1961 178.86
1962 178.29
1963 179.43
1964 184.57
1965 190.86
1966 197.14
1967 204
1968 209.14
1969 216
1970 223.43
1971 237.14
1972 251.43
1973 274.29
1974 316.57
1975 364.57
1976 413.14
1977 464
1978 501.14
1979 546.86
1980 602.29
1981 659.43
1982 734.29
1983 808
1984 840
1985 896.57
1986 977.71
1987 1,061.14
1988 1,137.71
1989 1,223.43
1990 1,313.14
1991 1,354.86
1992 1,368.57
1993 1,392.57
1994 1,420
1995 1,485.71
1996 1,524.57
1997 1,528
1998 1,541.14
1999 1,564
2000 1,633.71
2001 1,705.71
2002 1,756.57
2003 1,804.57
2004 1,846.86
2005 1,896.57
2006 1,964
2007 2,009.71
2008 2,097.14
2009 2,134.29
2010 2,196.57
2011 2,269.14
2012 2,309.14
2013 2,365.71
2014 2,424.57
2015 2,461.14
2016 2,492.57
2017 2,541.14
2018 2,589.72
2019 2,631.43
2020 2,653.71
2021 2,729.72
2022-Q3 2,934.86
Today 3,072.78

All available years

Today's value of australian dollars by year:

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 |

Other currencies: