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Value of 1958 Australian Dollars today

$100 in 1958
$1,860.32 in 2022

The inflation rate in Australia between 1958 and today has been 1,760.32%, which translates into a total increase of $1,760.32. This means that 100 dollars in 1958 are equivalent to 1,860.32 dollars in 2022. In other words, the purchasing power of $100 in 1958 equals $1,860.32 today. The average annual inflation rate between these periods has been 4.67%.

Inflation timeline in Australia (1958 - 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 1958-2021 1,552.94%
Cumulative inflation 1958-today 1,760.32%
Avg. Annual inflation 1958-2021 4.55%
CPI 1958 6.71
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 1958 and 2021, use the corresponding CPI values:

Value2021
=Value1958 ×
CPI2021/CPI1958
=$ 100 ×
110.91/6.71
$1,652.94

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

Valuetoday
=Value1958 ×
CPItoday/CPI1958
=$ 100 ×
124.83/6.71
$1,860.32

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 63 years between 1958 and 2021 and the average inflation rate was 4.5532%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.045532)63
$1,652.94

Australia inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1958 $16.53 dollars in 2021
$5 dollars in 1958 $82.65 dollars in 2021
$10 dollars in 1958 $165.29 dollars in 2021
$50 dollars in 1958 $826.47 dollars in 2021
$100 dollars in 1958 $1,652.94 dollars in 2021
$500 dollars in 1958 $8,264.71 dollars in 2021
$1,000 dollars in 1958 $16,529.42 dollars in 2021
$5,000 dollars in 1958 $82,647.08 dollars in 2021
$10,000 dollars in 1958 $165,294.16 dollars in 2021
$50,000 dollars in 1958 $826,470.82 dollars in 2021
$100,000 dollars in 1958 $1,652,941.64 dollars in 2021
$500,000 dollars in 1958 $8,264,708.22 dollars in 2021
$1,000,000 dollars in 1958 $16,529,416.44 dollars in 2021
Cumulative inflation From 1958 1,760.32%
Avg. annual inflation From 1958 4.67%
CPI 1958 6.71
CPI today 124.83

Value of Dollar over time (by year)

Period Value
1958 100
1959 102.08
1960 105.88
1961 108.3
1962 107.96
1963 108.65
1964 111.76
1965 115.57
1966 119.38
1967 123.53
1968 126.64
1969 130.8
1970 135.29
1971 143.6
1972 152.25
1973 166.09
1974 191.7
1975 220.76
1976 250.17
1977 280.97
1978 303.46
1979 331.14
1980 364.71
1981 399.31
1982 444.64
1983 489.27
1984 508.65
1985 542.91
1986 592.04
1987 642.56
1988 688.93
1989 740.83
1990 795.16
1991 820.42
1992 828.72
1993 843.25
1994 859.86
1995 899.65
1996 923.18
1997 925.26
1998 933.22
1999 947.06
2000 989.27
2001 1,032.87
2002 1,063.67
2003 1,092.73
2004 1,118.34
2005 1,148.44
2006 1,189.27
2007 1,216.96
2008 1,269.9
2009 1,292.39
2010 1,330.1
2011 1,374.05
2012 1,398.27
2013 1,432.53
2014 1,468.17
2015 1,490.31
2016 1,509.34
2017 1,538.75
2018 1,568.17
2019 1,593.43
2020 1,606.92
2021 1,652.94
2022-Q3 1,777.16
Today 1,860.32

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: