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Value of 1961 Australian Dollars today

$100 in 1961
$1,669.02 in 2022

The inflation rate in Australia between 1961 and today has been 1,569.02%, which translates into a total increase of $1,569.02. This means that 100 dollars in 1961 are equivalent to 1,669.02 dollars in 2022. In other words, the purchasing power of $100 in 1961 equals $1,669.02 today. The average annual inflation rate between these periods has been 4.72%.

Inflation timeline in Australia (1961 - 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 1961-2021 1,426.2%
Cumulative inflation 1961-today 1,569.02%
Avg. Annual inflation 1961-2021 4.65%
CPI 1961 7.27
CPI 2021 110.91
CPI 2022-Q2 (latest official data) 117.11
CPI today 121.29

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 1961 and 2021, use the corresponding CPI values:

Value2021
=Value1961 ×
CPI2021/CPI1961
=$ 100 ×
110.91/7.27
$1,526.2

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 121.29:

Valuetoday
=Value1961 ×
CPItoday/CPI1961
=$ 100 ×
121.29/7.27
$1,669.02

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 60 years between 1961 and 2021 and the average inflation rate was 4.647%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.04647)60
$1,526.2

Australia inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1961 $15.26 dollars in 2021
$5 dollars in 1961 $76.31 dollars in 2021
$10 dollars in 1961 $152.62 dollars in 2021
$50 dollars in 1961 $763.1 dollars in 2021
$100 dollars in 1961 $1,526.2 dollars in 2021
$500 dollars in 1961 $7,630.99 dollars in 2021
$1,000 dollars in 1961 $15,261.98 dollars in 2021
$5,000 dollars in 1961 $76,309.92 dollars in 2021
$10,000 dollars in 1961 $152,619.84 dollars in 2021
$50,000 dollars in 1961 $763,099.2 dollars in 2021
$100,000 dollars in 1961 $1,526,198.39 dollars in 2021
$500,000 dollars in 1961 $7,630,991.96 dollars in 2021
$1,000,000 dollars in 1961 $15,261,983.92 dollars in 2021
Cumulative inflation From 1961 1,569.02%
Avg. annual inflation From 1961 4.72%
CPI 1961 7.27
CPI today 121.29

Value of Dollar over time (by year)

Period Value
1961 100
1962 99.68
1963 100.32
1964 103.19
1965 106.71
1966 110.22
1967 114.06
1968 116.93
1969 120.77
1970 124.92
1971 132.59
1972 140.58
1973 153.35
1974 177
1975 203.83
1976 230.99
1977 259.42
1978 280.19
1979 305.75
1980 336.74
1981 368.69
1982 410.54
1983 451.76
1984 469.65
1985 501.28
1986 546.65
1987 593.29
1988 636.1
1989 684.03
1990 734.19
1991 757.51
1992 765.18
1993 778.59
1994 793.93
1995 830.67
1996 852.4
1997 854.31
1998 861.66
1999 874.44
2000 913.42
2001 953.67
2002 982.11
2003 1,008.95
2004 1,032.59
2005 1,060.38
2006 1,098.08
2007 1,123.64
2008 1,172.52
2009 1,193.29
2010 1,228.11
2011 1,268.69
2012 1,291.05
2013 1,322.68
2014 1,355.59
2015 1,376.04
2016 1,393.61
2017 1,420.77
2018 1,447.92
2019 1,471.25
2020 1,483.71
2021 1,526.2
2022-Q2 1,611.5
Today 1,669.02

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: