Value of 1954 Australian Dollars today

$100 in 1954

$1,773.45 in 2018

The inflation rate in Australia between 1954 and today has been 1,673.45%, which translates into a total increase of $1,673.45. This means that 100 dolars in 1954 are equivalent to 1,773.45 dolars in 2018. In other words, the purchasing power of $100 in 1954 equals $1,773.45 today. The average annual inflation rate has been 4.52%.

Inflation timeline in Australia (1954-2018)

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 (1954-2018) 1,651.56%
Total Inflation* 1,673.45%
Annual inflation avg. (1954-2018) 4.58%
Annual inflation avg.* 4.52%
CPI 1954 5.94
CPI 2018 104.11
CPI today* 105.41
$1 in 1954 $17.52 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 64 years between 1954 and 2018 and the average inflation rate has been 4.5232%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $100 * (1 + 0.05)64 = $1,751.56

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 1954 was 5.94 and the CPI today is 105.41. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $100 *
104.11/5.94
= $1,751.56

Australia inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1954 $17.73 dolars today
$5 dolars in 1954 $88.67 dolars today
$10 dolars in 1954 $177.34 dolars today
$50 dolars in 1954 $886.72 dolars today
$100 dolars in 1954 $1,773.45 dolars today
$500 dolars in 1954 $8,867.23 dolars today
$1,000 dolars in 1954 $17,734.46 dolars today
$5,000 dolars in 1954 $88,672.32 dolars today
$10,000 dolars in 1954 $177,344.64 dolars today
$50,000 dolars in 1954 $886,723.2 dolars today
$100,000 dolars in 1954 $1,773,446.41 dolars today
$500,000 dolars in 1954 $8,867,232.04 dolars today
$1,000,000 dolars in 1954 $17,734,464.07 dolars today

Value of Dollar in time (by year)

Period Value
1954 100
1955 101.56
1956 104.69
1957 110.94
1958 112.5
1959 114.06
1960 117.19
1961 121.88
1962 121.88
1963 121.88
1964 123.44
1965 128.13
1966 132.81
1967 135.94
1968 140.63
1969 143.75
1970 148.44
1971 156.25
1972 167.19
1973 175
1974 196.88
1975 229.69
1976 262.5
1977 300
1978 328.12
1979 353.13
1980 389.06
1981 425
1982 471.88
1983 525
1984 570.31
1985 584.37
1986 632.81
1987 693.75
1988 743.75
1989 800
1990 862.5
1991 921.88
1992 935.94
1993 939.06
1994 956.25
1995 981.25
1996 1,031.25
1997 1,046.88
1998 1,043.75
1999 1,059.38
2000 1,079.69
2001 1,142.19
2002 1,178.13
2003 1,212.5
2004 1,242.19
2005 1,273.44
2006 1,309.38
2007 1,353.13
2008 1,392.19
2009 1,443.75
2010 1,473.44
2011 1,514.06
2012 1,559.38
2013 1,593.75
2014 1,637.5
2015 1,665.63
2016 1,693.75
2017 1,718.75
2018 1,751.56
Today 1,773.45