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Value of 1980 Australian Dollars today

$100 in 1980
$479.98 in 2022

The inflation rate in Australia between 1980 and today has been 379.98%, which translates into a total increase of $379.98. This means that 100 dollars in 1980 are equivalent to 479.98 dollars in 2022. In other words, the purchasing power of $100 in 1980 equals $479.98 today. The average annual inflation rate between these periods has been 3.81%.

Inflation timeline in Australia (1980 - 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 1980-2021 353.23%
Cumulative inflation 1980-today 379.98%
Avg. Annual inflation 1980-2021 3.75%
CPI 1980 24.47
CPI 2021 110.91
CPI 2022-Q1 (latest official data) 115.07
CPI today 117.46

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 1980 and 2021, use the corresponding CPI values:

Value2021
=Value1980 ×
CPI2021/CPI1980
=$ 100 ×
110.91/24.47
$453.23

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 117.46:

Valuetoday
=Value1980 ×
CPItoday/CPI1980
=$ 100 ×
117.46/24.47
$479.98

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 41 years between 1980 and 2021 and the average inflation rate was 3.7547%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.037547)41
$453.23

Australia inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1980 $4.53 dollars in 2021
$5 dollars in 1980 $22.66 dollars in 2021
$10 dollars in 1980 $45.32 dollars in 2021
$50 dollars in 1980 $226.61 dollars in 2021
$100 dollars in 1980 $453.23 dollars in 2021
$500 dollars in 1980 $2,266.13 dollars in 2021
$1,000 dollars in 1980 $4,532.26 dollars in 2021
$5,000 dollars in 1980 $22,661.3 dollars in 2021
$10,000 dollars in 1980 $45,322.59 dollars in 2021
$50,000 dollars in 1980 $226,612.97 dollars in 2021
$100,000 dollars in 1980 $453,225.94 dollars in 2021
$500,000 dollars in 1980 $2,266,129.69 dollars in 2021
$1,000,000 dollars in 1980 $4,532,259.39 dollars in 2021
Cumulative inflation From 1980 379.98%
Avg. annual inflation From 1980 3.81%
CPI 1980 24.47
CPI today 117.46

Value of Dollar over time (by year)

Period Value
1980 100
1981 109.49
1982 121.92
1983 134.16
1984 139.47
1985 148.86
1986 162.33
1987 176.19
1988 188.9
1989 203.13
1990 218.03
1991 224.95
1992 227.23
1993 231.21
1994 235.77
1995 246.68
1996 253.13
1997 253.7
1998 255.88
1999 259.68
2000 271.25
2001 283.21
2002 291.65
2003 299.62
2004 306.64
2005 314.9
2006 326.09
2007 333.68
2008 348.2
2009 354.36
2010 364.71
2011 376.76
2012 383.4
2013 392.79
2014 402.56
2015 408.63
2016 413.85
2017 421.92
2018 429.98
2019 436.91
2020 440.61
2021 453.23
2022-Q1 470.21
Today 479.98

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: