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Value of 1964 Australian Dollars today

$100 in 1964
$1,613.66 in 2022

The inflation rate in Australia between 1964 and today has been 1,513.66%, which translates into a total increase of $1,513.66. This means that 100 dollars in 1964 are equivalent to 1,613.66 dollars in 2022. In other words, the purchasing power of $100 in 1964 equals $1,613.66 today. The average annual inflation rate between these periods has been 4.91%.

Inflation timeline in Australia (1964 - 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 1964-2021 1,378.95%
Cumulative inflation 1964-today 1,513.66%
Avg. Annual inflation 1964-2021 4.84%
CPI 1964 7.5
CPI 2021 110.91
CPI 2022-Q2 (latest official data) 117.11
CPI today 121.02

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 1964 and 2021, use the corresponding CPI values:

Value2021
=Value1964 ×
CPI2021/CPI1964
=$ 100 ×
110.91/7.5
$1,478.95

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 121.02:

Valuetoday
=Value1964 ×
CPItoday/CPI1964
=$ 100 ×
121.02/7.5
$1,613.66

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 57 years between 1964 and 2021 and the average inflation rate was 4.8396%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.048396)57
$1,478.95

Australia inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1964 $14.79 dollars in 2021
$5 dollars in 1964 $73.95 dollars in 2021
$10 dollars in 1964 $147.89 dollars in 2021
$50 dollars in 1964 $739.47 dollars in 2021
$100 dollars in 1964 $1,478.95 dollars in 2021
$500 dollars in 1964 $7,394.74 dollars in 2021
$1,000 dollars in 1964 $14,789.48 dollars in 2021
$5,000 dollars in 1964 $73,947.39 dollars in 2021
$10,000 dollars in 1964 $147,894.77 dollars in 2021
$50,000 dollars in 1964 $739,473.85 dollars in 2021
$100,000 dollars in 1964 $1,478,947.71 dollars in 2021
$500,000 dollars in 1964 $7,394,738.53 dollars in 2021
$1,000,000 dollars in 1964 $14,789,477.05 dollars in 2021
Cumulative inflation From 1964 1,513.66%
Avg. annual inflation From 1964 4.91%
CPI 1964 7.5
CPI today 121.02

Value of Dollar over time (by year)

Period Value
1964 100
1965 103.41
1966 106.81
1967 110.53
1968 113.31
1969 117.03
1970 121.05
1971 128.48
1972 136.22
1973 148.61
1974 171.52
1975 197.52
1976 223.84
1977 251.39
1978 271.52
1979 296.28
1980 326.32
1981 357.28
1982 397.83
1983 437.77
1984 455.11
1985 485.76
1986 529.72
1987 574.92
1988 616.41
1989 662.85
1990 711.46
1991 734.06
1992 741.49
1993 754.49
1994 769.35
1995 804.95
1996 826.01
1997 827.86
1998 834.98
1999 847.37
2000 885.14
2001 924.15
2002 951.7
2003 977.71
2004 1,000.62
2005 1,027.55
2006 1,064.09
2007 1,088.85
2008 1,136.22
2009 1,156.35
2010 1,190.09
2011 1,229.41
2012 1,251.08
2013 1,281.73
2014 1,313.62
2015 1,333.44
2016 1,350.46
2017 1,376.78
2018 1,403.1
2019 1,425.7
2020 1,437.77
2021 1,478.95
2022-Q2 1,561.61
Today 1,613.66

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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