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Value of 1970 Australian Dollars today

$100 in 1970
$1,286.96 in 2022

The inflation rate in Australia between 1970 and today has been 1,186.96%, which translates into a total increase of $1,186.96. This means that 100 dollars in 1970 are equivalent to 1,286.96 dollars in 2022. In other words, the purchasing power of $100 in 1970 equals $1,286.96 today. The average annual inflation rate between these periods has been 5.04%.

Inflation timeline in Australia (1970 - 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 1970-2021 1,121.74%
Cumulative inflation 1970-today 1,186.96%
Avg. Annual inflation 1970-2021 5.03%
CPI 1970 9.08
CPI 2021 110.91
CPI 2022-Q1 (latest official data) 115.07
CPI today 116.83

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 1970 and 2021, use the corresponding CPI values:

Value2021
=Value1970 ×
CPI2021/CPI1970
=$ 100 ×
110.91/9.08
$1,221.74

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 116.83:

Valuetoday
=Value1970 ×
CPItoday/CPI1970
=$ 100 ×
116.83/9.08
$1,286.96

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 51 years between 1970 and 2021 and the average inflation rate was 5.03%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.0503)51
$1,221.74

Australia inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1970 $12.22 dollars in 2021
$5 dollars in 1970 $61.09 dollars in 2021
$10 dollars in 1970 $122.17 dollars in 2021
$50 dollars in 1970 $610.87 dollars in 2021
$100 dollars in 1970 $1,221.74 dollars in 2021
$500 dollars in 1970 $6,108.7 dollars in 2021
$1,000 dollars in 1970 $12,217.39 dollars in 2021
$5,000 dollars in 1970 $61,086.97 dollars in 2021
$10,000 dollars in 1970 $122,173.94 dollars in 2021
$50,000 dollars in 1970 $610,869.72 dollars in 2021
$100,000 dollars in 1970 $1,221,739.44 dollars in 2021
$500,000 dollars in 1970 $6,108,697.22 dollars in 2021
$1,000,000 dollars in 1970 $12,217,394.44 dollars in 2021
Cumulative inflation From 1970 1,186.96%
Avg. annual inflation From 1970 5.04%
CPI 1970 9.08
CPI today 116.83

Value of Dollar over time (by year)

Period Value
1970 100
1971 106.14
1972 112.53
1973 122.76
1974 141.69
1975 163.17
1976 184.91
1977 207.67
1978 224.3
1979 244.76
1980 269.57
1981 295.14
1982 328.64
1983 361.64
1984 375.96
1985 401.28
1986 437.6
1987 474.94
1988 509.21
1989 547.57
1990 587.72
1991 606.39
1992 612.53
1993 623.27
1994 635.55
1995 664.96
1996 682.35
1997 683.89
1998 689.77
1999 700
2000 731.2
2001 763.43
2002 786.19
2003 807.67
2004 826.6
2005 848.85
2006 879.03
2007 899.49
2008 938.62
2009 955.24
2010 983.12
2011 1,015.6
2012 1,033.5
2013 1,058.82
2014 1,085.17
2015 1,101.53
2016 1,115.6
2017 1,137.34
2018 1,159.08
2019 1,177.75
2020 1,187.72
2021 1,221.74
2022-Q1 1,267.52
Today 1,286.96

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: