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Value of 1951 Australian Dollars today

$100 in 1951
$2,572.9 in 2022

The inflation rate in Australia between 1951 and today has been 2,472.9%, which translates into a total increase of $2,472.9. This means that 100 dollars in 1951 are equivalent to 2,572.9 dollars in 2022. In other words, the purchasing power of $100 in 1951 equals $2,572.9 today. The average annual inflation rate between these periods has been 4.68%.

Inflation timeline in Australia (1951 - 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 1951-2021 2,185.65%
Cumulative inflation 1951-today 2,472.9%
Avg. Annual inflation 1951-2021 4.57%
CPI 1951 4.85
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 1951 and 2021, use the corresponding CPI values:

Value2021
=Value1951 ×
CPI2021/CPI1951
=$ 100 ×
110.91/4.85
$2,285.65

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

Valuetoday
=Value1951 ×
CPItoday/CPI1951
=$ 100 ×
124.85/4.85
$2,572.9

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 70 years between 1951 and 2021 and the average inflation rate was 4.5718%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.045718)70
$2,285.65

Australia inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1951 $22.86 dollars in 2021
$5 dollars in 1951 $114.28 dollars in 2021
$10 dollars in 1951 $228.56 dollars in 2021
$50 dollars in 1951 $1,142.82 dollars in 2021
$100 dollars in 1951 $2,285.65 dollars in 2021
$500 dollars in 1951 $11,428.23 dollars in 2021
$1,000 dollars in 1951 $22,856.46 dollars in 2021
$5,000 dollars in 1951 $114,282.32 dollars in 2021
$10,000 dollars in 1951 $228,564.64 dollars in 2021
$50,000 dollars in 1951 $1,142,823.2 dollars in 2021
$100,000 dollars in 1951 $2,285,646.4 dollars in 2021
$500,000 dollars in 1951 $11,428,231.99 dollars in 2021
$1,000,000 dollars in 1951 $22,856,463.98 dollars in 2021
Cumulative inflation From 1951 2,472.9%
Avg. annual inflation From 1951 4.68%
CPI 1951 4.85
CPI today 124.85

Value of Dollar over time (by year)

Period Value
1951 100
1952 117.22
1953 122.49
1954 124.4
1955 126.32
1956 133.49
1957 137.32
1958 138.28
1959 141.15
1960 146.41
1961 149.76
1962 149.28
1963 150.24
1964 154.55
1965 159.81
1966 165.07
1967 170.81
1968 175.12
1969 180.86
1970 187.08
1971 198.56
1972 210.53
1973 229.67
1974 265.07
1975 305.26
1976 345.93
1977 388.52
1978 419.62
1979 457.89
1980 504.31
1981 552.15
1982 614.83
1983 676.56
1984 703.35
1985 750.72
1986 818.66
1987 888.52
1988 952.63
1989 1,024.4
1990 1,099.52
1991 1,134.45
1992 1,145.93
1993 1,166.03
1994 1,189
1995 1,244.02
1996 1,276.55
1997 1,279.43
1998 1,290.43
1999 1,309.57
2000 1,367.94
2001 1,428.23
2002 1,470.81
2003 1,511
2004 1,546.41
2005 1,588.04
2006 1,644.5
2007 1,682.78
2008 1,755.98
2009 1,787.08
2010 1,839.23
2011 1,900
2012 1,933.49
2013 1,980.86
2014 2,030.14
2015 2,060.77
2016 2,087.08
2017 2,127.75
2018 2,168.42
2019 2,203.35
2020 2,222.01
2021 2,285.65
2022-Q3 2,457.42
Today 2,572.9

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: