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Value of 1959 Australian Dollars today

$100 in 1959
$1,704.83 in 2022

The inflation rate in Australia between 1959 and today has been 1,604.83%, which translates into a total increase of $1,604.83. This means that 100 dollars in 1959 are equivalent to 1,704.83 dollars in 2022. In other words, the purchasing power of $100 in 1959 equals $1,704.83 today. The average annual inflation rate between these periods has been 4.6%.

Inflation timeline in Australia (1959 - 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 1959-2021 1,519.32%
Cumulative inflation 1959-today 1,604.83%
Avg. Annual inflation 1959-2021 4.59%
CPI 1959 6.85
CPI 2021 110.91
CPI 2022-Q1 (latest official data) 115.07
CPI today 116.77

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 1959 and 2021, use the corresponding CPI values:

Value2021
=Value1959 ×
CPI2021/CPI1959
=$ 100 ×
110.91/6.85
$1,619.32

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 116.77:

Valuetoday
=Value1959 ×
CPItoday/CPI1959
=$ 100 ×
116.77/6.85
$1,704.83

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 62 years between 1959 and 2021 and the average inflation rate was 4.5937%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.045937)62
$1,619.32

Australia inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1959 $16.19 dollars in 2021
$5 dollars in 1959 $80.97 dollars in 2021
$10 dollars in 1959 $161.93 dollars in 2021
$50 dollars in 1959 $809.66 dollars in 2021
$100 dollars in 1959 $1,619.32 dollars in 2021
$500 dollars in 1959 $8,096.61 dollars in 2021
$1,000 dollars in 1959 $16,193.23 dollars in 2021
$5,000 dollars in 1959 $80,966.13 dollars in 2021
$10,000 dollars in 1959 $161,932.25 dollars in 2021
$50,000 dollars in 1959 $809,661.26 dollars in 2021
$100,000 dollars in 1959 $1,619,322.52 dollars in 2021
$500,000 dollars in 1959 $8,096,612.58 dollars in 2021
$1,000,000 dollars in 1959 $16,193,225.16 dollars in 2021
Cumulative inflation From 1959 1,604.83%
Avg. annual inflation From 1959 4.6%
CPI 1959 6.85
CPI today 116.77

Value of Dollar over time (by year)

Period Value
1959 100
1960 103.73
1961 106.1
1962 105.76
1963 106.44
1964 109.49
1965 113.22
1966 116.95
1967 121.02
1968 124.07
1969 128.14
1970 132.54
1971 140.68
1972 149.15
1973 162.71
1974 187.8
1975 216.27
1976 245.08
1977 275.25
1978 297.29
1979 324.41
1980 357.29
1981 391.19
1982 435.59
1983 479.32
1984 498.31
1985 531.86
1986 580
1987 629.49
1988 674.92
1989 725.76
1990 778.98
1991 803.73
1992 811.86
1993 826.1
1994 842.37
1995 881.36
1996 904.41
1997 906.44
1998 914.24
1999 927.8
2000 969.15
2001 1,011.86
2002 1,042.03
2003 1,070.51
2004 1,095.59
2005 1,125.08
2006 1,165.08
2007 1,192.2
2008 1,244.07
2009 1,266.1
2010 1,303.05
2011 1,346.1
2012 1,369.83
2013 1,403.39
2014 1,438.31
2015 1,460
2016 1,478.64
2017 1,507.46
2018 1,536.27
2019 1,561.02
2020 1,574.24
2021 1,619.32
2022-Q1 1,680
Today 1,704.83

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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