Value of 1959 Australian Dollars today

$100 in 1959

$1,554.8 in 2018

The inflation rate in Australia between 1959 and today has been 1,454.8%, which translates into a total increase of $1,454.8. This means that 100 dolars in 1959 are equivalent to 1,554.8 dolars in 2018. In other words, the purchasing power of $100 in 1959 equals $1,554.8 today. The average annual inflation rate has been 4.68%.

Inflation timeline in Australia (1959-2018)

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 (1959-2018) 1,435.62%
Total Inflation* 1,454.8%
Annual inflation avg. (1959-2018) 4.74%
Annual inflation avg.* 4.68%
CPI 1959 6.78
CPI 2018 104.11
CPI today* 105.41
$1 in 1959 $15.36 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 59 years between 1959 and 2018 and the average inflation rate has been 4.6794%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $100 * (1 + 0.05)59 = $1,535.62

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 1959 was 6.78 and the CPI today is 105.41. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $100 *
104.11/6.78
= $1,535.62

Australia inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1959 $15.55 dolars today
$5 dolars in 1959 $77.74 dolars today
$10 dolars in 1959 $155.48 dolars today
$50 dolars in 1959 $777.4 dolars today
$100 dolars in 1959 $1,554.8 dolars today
$500 dolars in 1959 $7,774.01 dolars today
$1,000 dolars in 1959 $15,548.02 dolars today
$5,000 dolars in 1959 $77,740.11 dolars today
$10,000 dolars in 1959 $155,480.22 dolars today
$50,000 dolars in 1959 $777,401.11 dolars today
$100,000 dolars in 1959 $1,554,802.23 dolars today
$500,000 dolars in 1959 $7,774,011.15 dolars today
$1,000,000 dolars in 1959 $15,548,022.29 dolars today

Value of Dollar in time (by year)

Period Value
1959 100
1960 102.74
1961 106.85
1962 106.85
1963 106.85
1964 108.22
1965 112.33
1966 116.44
1967 119.18
1968 123.29
1969 126.03
1970 130.14
1971 136.99
1972 146.58
1973 153.42
1974 172.6
1975 201.37
1976 230.14
1977 263.01
1978 287.67
1979 309.59
1980 341.1
1981 372.6
1982 413.7
1983 460.27
1984 500
1985 512.33
1986 554.79
1987 608.22
1988 652.05
1989 701.37
1990 756.16
1991 808.22
1992 820.55
1993 823.29
1994 838.36
1995 860.27
1996 904.11
1997 917.81
1998 915.07
1999 928.77
2000 946.58
2001 1,001.37
2002 1,032.88
2003 1,063.01
2004 1,089.04
2005 1,116.44
2006 1,147.95
2007 1,186.3
2008 1,220.55
2009 1,265.75
2010 1,291.78
2011 1,327.4
2012 1,367.12
2013 1,397.26
2014 1,435.62
2015 1,460.27
2016 1,484.93
2017 1,506.85
2018 1,535.62
Today 1,554.8