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Value of 1963 Australian Dollars today

$100 in 1963
$1,612.01 in 2022

The inflation rate in Australia between 1963 and today has been 1,512.01%, which translates into a total increase of $1,512.01. This means that 100 dollars in 1963 are equivalent to 1,612.01 dollars in 2022. In other words, the purchasing power of $100 in 1963 equals $1,612.01 today. The average annual inflation rate between these periods has been 4.82%.

Inflation timeline in Australia (1963 - 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 1963-2021 1,421.34%
Cumulative inflation 1963-today 1,512.01%
Avg. Annual inflation 1963-2021 4.81%
CPI 1963 7.29
CPI 2021 110.91
CPI 2022-Q1 (latest official data) 115.07
CPI today 117.52

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 1963 and 2021, use the corresponding CPI values:

Value2021
=Value1963 ×
CPI2021/CPI1963
=$ 100 ×
110.91/7.29
$1,521.34

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 117.52:

Valuetoday
=Value1963 ×
CPItoday/CPI1963
=$ 100 ×
117.52/7.29
$1,612.01

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 58 years between 1963 and 2021 and the average inflation rate was 4.8053%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.048053)58
$1,521.34

Australia inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1963 $15.21 dollars in 2021
$5 dollars in 1963 $76.07 dollars in 2021
$10 dollars in 1963 $152.13 dollars in 2021
$50 dollars in 1963 $760.67 dollars in 2021
$100 dollars in 1963 $1,521.34 dollars in 2021
$500 dollars in 1963 $7,606.69 dollars in 2021
$1,000 dollars in 1963 $15,213.38 dollars in 2021
$5,000 dollars in 1963 $76,066.9 dollars in 2021
$10,000 dollars in 1963 $152,133.81 dollars in 2021
$50,000 dollars in 1963 $760,669.05 dollars in 2021
$100,000 dollars in 1963 $1,521,338.1 dollars in 2021
$500,000 dollars in 1963 $7,606,690.5 dollars in 2021
$1,000,000 dollars in 1963 $15,213,381 dollars in 2021
Cumulative inflation From 1963 1,512.01%
Avg. annual inflation From 1963 4.82%
CPI 1963 7.29
CPI today 117.52

Value of Dollar over time (by year)

Period Value
1963 100
1964 102.87
1965 106.37
1966 109.87
1967 113.69
1968 116.56
1969 120.38
1970 124.52
1971 132.17
1972 140.13
1973 152.87
1974 176.43
1975 203.18
1976 230.25
1977 258.6
1978 279.3
1979 304.78
1980 335.67
1981 367.52
1982 409.24
1983 450.32
1984 468.15
1985 499.68
1986 544.9
1987 591.4
1988 634.08
1989 681.85
1990 731.85
1991 755.1
1992 762.74
1993 776.11
1994 791.4
1995 828.03
1996 849.68
1997 851.59
1998 858.92
1999 871.66
2000 910.51
2001 950.64
2002 978.98
2003 1,005.73
2004 1,029.3
2005 1,057.01
2006 1,094.59
2007 1,120.06
2008 1,168.79
2009 1,189.49
2010 1,224.2
2011 1,264.65
2012 1,286.94
2013 1,318.47
2014 1,351.27
2015 1,371.66
2016 1,389.17
2017 1,416.24
2018 1,443.31
2019 1,466.56
2020 1,478.98
2021 1,521.34
2022-Q1 1,578.34
Today 1,612.01

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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