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Value of 1967 Australian Dollars today

$100 in 1967
$1,506.26 in 2022

The inflation rate in Australia between 1967 and today has been 1,406.26%, which translates into a total increase of $1,406.26. This means that 100 dollars in 1967 are equivalent to 1,506.26 dollars in 2022. In other words, the purchasing power of $100 in 1967 equals $1,506.26 today. The average annual inflation rate between these periods has been 5.05%.

Inflation timeline in Australia (1967 - 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 1967-2021 1,238.1%
Cumulative inflation 1967-today 1,406.26%
Avg. Annual inflation 1967-2021 4.92%
CPI 1967 8.29
CPI 2021 110.91
CPI 2022-Q3 (latest official data) 119.25
CPI today 124.85

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 1967 and 2021, use the corresponding CPI values:

Value2021
=Value1967 ×
CPI2021/CPI1967
=$ 100 ×
110.91/8.29
$1,338.1

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 124.85:

Valuetoday
=Value1967 ×
CPItoday/CPI1967
=$ 100 ×
124.85/8.29
$1,506.26

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 54 years between 1967 and 2021 and the average inflation rate was 4.9206%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.049206)54
$1,338.1

Australia inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1967 $13.38 dollars in 2021
$5 dollars in 1967 $66.9 dollars in 2021
$10 dollars in 1967 $133.81 dollars in 2021
$50 dollars in 1967 $669.05 dollars in 2021
$100 dollars in 1967 $1,338.1 dollars in 2021
$500 dollars in 1967 $6,690.48 dollars in 2021
$1,000 dollars in 1967 $13,380.96 dollars in 2021
$5,000 dollars in 1967 $66,904.78 dollars in 2021
$10,000 dollars in 1967 $133,809.56 dollars in 2021
$50,000 dollars in 1967 $669,047.82 dollars in 2021
$100,000 dollars in 1967 $1,338,095.64 dollars in 2021
$500,000 dollars in 1967 $6,690,478.22 dollars in 2021
$1,000,000 dollars in 1967 $13,380,956.45 dollars in 2021
Cumulative inflation From 1967 1,406.26%
Avg. annual inflation From 1967 5.05%
CPI 1967 8.29
CPI today 124.85

Value of Dollar over time (by year)

Period Value
1967 100
1968 102.52
1969 105.88
1970 109.52
1971 116.25
1972 123.25
1973 134.45
1974 155.18
1975 178.71
1976 202.52
1977 227.45
1978 245.66
1979 268.07
1980 295.24
1981 323.25
1982 359.94
1983 396.08
1984 411.76
1985 439.5
1986 479.27
1987 520.17
1988 557.7
1989 599.72
1990 643.7
1991 664.15
1992 670.87
1993 682.63
1994 696.08
1995 728.29
1996 747.34
1997 749.02
1998 755.46
1999 766.67
2000 800.84
2001 836.13
2002 861.06
2003 884.59
2004 905.32
2005 929.69
2006 962.75
2007 985.15
2008 1,028.01
2009 1,046.22
2010 1,076.75
2011 1,112.32
2012 1,131.93
2013 1,159.66
2014 1,188.52
2015 1,206.44
2016 1,221.85
2017 1,245.66
2018 1,269.47
2019 1,289.92
2020 1,300.84
2021 1,338.1
2022-Q3 1,438.66
Today 1,506.26

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: