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Value of 1972 Australian Dollars today

$100 in 1972
$1,144.27 in 2022

The inflation rate in Australia between 1972 and today has been 1,044.27%, which translates into a total increase of $1,044.27. This means that 100 dollars in 1972 are equivalent to 1,144.27 dollars in 2022. In other words, the purchasing power of $100 in 1972 equals $1,144.27 today. The average annual inflation rate between these periods has been 5%.

Inflation timeline in Australia (1972 - 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 1972-2021 985.68%
Cumulative inflation 1972-today 1,044.27%
Avg. Annual inflation 1972-2021 4.99%
CPI 1972 10.22
CPI 2021 110.91
CPI 2022-Q1 (latest official data) 115.07
CPI today 116.9

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 1972 and 2021, use the corresponding CPI values:

Value2021
=Value1972 ×
CPI2021/CPI1972
=$ 100 ×
110.91/10.22
$1,085.68

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 116.9:

Valuetoday
=Value1972 ×
CPItoday/CPI1972
=$ 100 ×
116.9/10.22
$1,144.27

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 49 years between 1972 and 2021 and the average inflation rate was 4.9873%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.049873)49
$1,085.68

Australia inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1972 $10.86 dollars in 2021
$5 dollars in 1972 $54.28 dollars in 2021
$10 dollars in 1972 $108.57 dollars in 2021
$50 dollars in 1972 $542.84 dollars in 2021
$100 dollars in 1972 $1,085.68 dollars in 2021
$500 dollars in 1972 $5,428.41 dollars in 2021
$1,000 dollars in 1972 $10,856.82 dollars in 2021
$5,000 dollars in 1972 $54,284.09 dollars in 2021
$10,000 dollars in 1972 $108,568.19 dollars in 2021
$50,000 dollars in 1972 $542,840.94 dollars in 2021
$100,000 dollars in 1972 $1,085,681.87 dollars in 2021
$500,000 dollars in 1972 $5,428,409.36 dollars in 2021
$1,000,000 dollars in 1972 $10,856,818.71 dollars in 2021
Cumulative inflation From 1972 1,044.27%
Avg. annual inflation From 1972 5%
CPI 1972 10.22
CPI today 116.9

Value of Dollar over time (by year)

Period Value
1972 100
1973 109.09
1974 125.91
1975 145
1976 164.32
1977 184.55
1978 199.32
1979 217.5
1980 239.55
1981 262.27
1982 292.05
1983 321.36
1984 334.09
1985 356.59
1986 388.86
1987 422.05
1988 452.5
1989 486.59
1990 522.27
1991 538.86
1992 544.32
1993 553.86
1994 564.77
1995 590.91
1996 606.36
1997 607.73
1998 612.95
1999 622.05
2000 649.77
2001 678.41
2002 698.64
2003 717.73
2004 734.55
2005 754.32
2006 781.14
2007 799.32
2008 834.09
2009 848.86
2010 873.64
2011 902.5
2012 918.41
2013 940.91
2014 964.32
2015 978.86
2016 991.36
2017 1,010.68
2018 1,030
2019 1,046.59
2020 1,055.45
2021 1,085.68
2022-Q1 1,126.36
Today 1,144.27

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: