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Value of 1954 Australian Dollars today

$100 in 1954
$2,067.82 in 2022

The inflation rate in Australia between 1954 and today has been 1,967.82%, which translates into a total increase of $1,967.82. This means that 100 dollars in 1954 are equivalent to 2,067.82 dollars in 2022. In other words, the purchasing power of $100 in 1954 equals $2,067.82 today. The average annual inflation rate between these periods has been 4.56%.

Inflation timeline in Australia (1954 - 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 1954-2021 1,737.31%
Cumulative inflation 1954-today 1,967.82%
Avg. Annual inflation 1954-2021 4.44%
CPI 1954 6.04
CPI 2021 110.91
CPI 2022-Q3 (latest official data) 119.25
CPI today 124.83

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 1954 and 2021, use the corresponding CPI values:

Value2021
=Value1954 ×
CPI2021/CPI1954
=$ 100 ×
110.91/6.04
$1,837.31

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 124.83:

Valuetoday
=Value1954 ×
CPItoday/CPI1954
=$ 100 ×
124.83/6.04
$2,067.82

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 67 years between 1954 and 2021 and the average inflation rate was 4.4404%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.044404)67
$1,837.31

Australia inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1954 $18.37 dollars in 2021
$5 dollars in 1954 $91.87 dollars in 2021
$10 dollars in 1954 $183.73 dollars in 2021
$50 dollars in 1954 $918.65 dollars in 2021
$100 dollars in 1954 $1,837.31 dollars in 2021
$500 dollars in 1954 $9,186.54 dollars in 2021
$1,000 dollars in 1954 $18,373.08 dollars in 2021
$5,000 dollars in 1954 $91,865.4 dollars in 2021
$10,000 dollars in 1954 $183,730.81 dollars in 2021
$50,000 dollars in 1954 $918,654.03 dollars in 2021
$100,000 dollars in 1954 $1,837,308.06 dollars in 2021
$500,000 dollars in 1954 $9,186,540.29 dollars in 2021
$1,000,000 dollars in 1954 $18,373,080.59 dollars in 2021
Cumulative inflation From 1954 1,967.82%
Avg. annual inflation From 1954 4.56%
CPI 1954 6.04
CPI today 124.83

Value of Dollar over time (by year)

Period Value
1954 100
1955 101.54
1956 107.31
1957 110.38
1958 111.15
1959 113.46
1960 117.69
1961 120.38
1962 120
1963 120.77
1964 124.23
1965 128.46
1966 132.69
1967 137.31
1968 140.77
1969 145.38
1970 150.38
1971 159.62
1972 169.23
1973 184.62
1974 213.08
1975 245.38
1976 278.08
1977 312.31
1978 337.31
1979 368.08
1980 405.38
1981 443.85
1982 494.23
1983 543.85
1984 565.38
1985 603.46
1986 658.08
1987 714.23
1988 765.77
1989 823.46
1990 883.85
1991 911.92
1992 921.15
1993 937.31
1994 955.77
1995 1,000
1996 1,026.15
1997 1,028.46
1998 1,037.31
1999 1,052.69
2000 1,099.62
2001 1,148.08
2002 1,182.31
2003 1,214.62
2004 1,243.08
2005 1,276.54
2006 1,321.92
2007 1,352.69
2008 1,411.54
2009 1,436.54
2010 1,478.46
2011 1,527.31
2012 1,554.23
2013 1,592.31
2014 1,631.92
2015 1,656.54
2016 1,677.69
2017 1,710.38
2018 1,743.08
2019 1,771.15
2020 1,786.15
2021 1,837.31
2022-Q3 1,975.38
Today 2,067.82

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 |

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