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Value of 1965 Australian Dollars today

$100 in 1965
$1,515.49 in 2022

The inflation rate in Australia between 1965 and today has been 1,415.49%, which translates into a total increase of $1,415.49. This means that 100 dollars in 1965 are equivalent to 1,515.49 dollars in 2022. In other words, the purchasing power of $100 in 1965 equals $1,515.49 today. The average annual inflation rate between these periods has been 4.88%.

Inflation timeline in Australia (1965 - 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 1965-2021 1,330.24%
Cumulative inflation 1965-today 1,415.49%
Avg. Annual inflation 1965-2021 4.87%
CPI 1965 7.75
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 1965 and 2021, use the corresponding CPI values:

Value2021
=Value1965 ×
CPI2021/CPI1965
=$ 100 ×
110.91/7.75
$1,430.24

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

Valuetoday
=Value1965 ×
CPItoday/CPI1965
=$ 100 ×
117.52/7.75
$1,515.49

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 56 years between 1965 and 2021 and the average inflation rate was 4.8654%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.048654)56
$1,430.24

Australia inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1965 $14.3 dollars in 2021
$5 dollars in 1965 $71.51 dollars in 2021
$10 dollars in 1965 $143.02 dollars in 2021
$50 dollars in 1965 $715.12 dollars in 2021
$100 dollars in 1965 $1,430.24 dollars in 2021
$500 dollars in 1965 $7,151.2 dollars in 2021
$1,000 dollars in 1965 $14,302.4 dollars in 2021
$5,000 dollars in 1965 $71,511.99 dollars in 2021
$10,000 dollars in 1965 $143,023.99 dollars in 2021
$50,000 dollars in 1965 $715,119.94 dollars in 2021
$100,000 dollars in 1965 $1,430,239.88 dollars in 2021
$500,000 dollars in 1965 $7,151,199.42 dollars in 2021
$1,000,000 dollars in 1965 $14,302,398.84 dollars in 2021
Cumulative inflation From 1965 1,415.49%
Avg. annual inflation From 1965 4.88%
CPI 1965 7.75
CPI today 117.52

Value of Dollar over time (by year)

Period Value
1965 100
1966 103.29
1967 106.89
1968 109.58
1969 113.17
1970 117.07
1971 124.25
1972 131.74
1973 143.71
1974 165.87
1975 191.02
1976 216.47
1977 243.11
1978 262.57
1979 286.53
1980 315.57
1981 345.51
1982 384.73
1983 423.35
1984 440.12
1985 469.76
1986 512.28
1987 555.99
1988 596.11
1989 641.02
1990 688.02
1991 709.88
1992 717.07
1993 729.64
1994 744.01
1995 778.44
1996 798.8
1997 800.6
1998 807.48
1999 819.46
2000 855.99
2001 893.71
2002 920.36
2003 945.51
2004 967.66
2005 993.71
2006 1,029.04
2007 1,052.99
2008 1,098.8
2009 1,118.26
2010 1,150.9
2011 1,188.92
2012 1,209.88
2013 1,239.52
2014 1,270.36
2015 1,289.52
2016 1,305.99
2017 1,331.44
2018 1,356.89
2019 1,378.74
2020 1,390.42
2021 1,430.24
2022-Q1 1,483.83
Today 1,515.49

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: