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Value of 1982 Australian Dollars today

$100 in 1982
$393.91 in 2022

The inflation rate in Australia between 1982 and today has been 293.91%, which translates into a total increase of $293.91. This means that 100 dollars in 1982 are equivalent to 393.91 dollars in 2022. In other words, the purchasing power of $100 in 1982 equals $393.91 today. The average annual inflation rate between these periods has been 3.49%.

Inflation timeline in Australia (1982 - 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 1982-2021 271.75%
Cumulative inflation 1982-today 293.91%
Avg. Annual inflation 1982-2021 3.42%
CPI 1982 29.84
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 1982 and 2021, use the corresponding CPI values:

Value2021
=Value1982 ×
CPI2021/CPI1982
=$ 100 ×
110.91/29.84
$371.75

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

Valuetoday
=Value1982 ×
CPItoday/CPI1982
=$ 100 ×
117.52/29.84
$393.91

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 39 years between 1982 and 2021 and the average inflation rate was 3.4241%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.034241)39
$371.75

Australia inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1982 $3.72 dollars in 2021
$5 dollars in 1982 $18.59 dollars in 2021
$10 dollars in 1982 $37.18 dollars in 2021
$50 dollars in 1982 $185.88 dollars in 2021
$100 dollars in 1982 $371.75 dollars in 2021
$500 dollars in 1982 $1,858.76 dollars in 2021
$1,000 dollars in 1982 $3,717.51 dollars in 2021
$5,000 dollars in 1982 $18,587.56 dollars in 2021
$10,000 dollars in 1982 $37,175.11 dollars in 2021
$50,000 dollars in 1982 $185,875.55 dollars in 2021
$100,000 dollars in 1982 $371,751.11 dollars in 2021
$500,000 dollars in 1982 $1,858,755.53 dollars in 2021
$1,000,000 dollars in 1982 $3,717,511.06 dollars in 2021
Cumulative inflation From 1982 293.91%
Avg. annual inflation From 1982 3.49%
CPI 1982 29.84
CPI today 117.52

Value of Dollar over time (by year)

Period Value
1982 100
1983 110.04
1984 114.4
1985 122.1
1986 133.15
1987 144.51
1988 154.94
1989 166.61
1990 178.83
1991 184.51
1992 186.38
1993 189.65
1994 193.39
1995 202.33
1996 207.63
1997 208.09
1998 209.88
1999 213
2000 222.49
2001 232.3
2002 239.22
2003 245.76
2004 251.52
2005 258.29
2006 267.47
2007 273.7
2008 285.6
2009 290.66
2010 299.14
2011 309.03
2012 314.47
2013 322.18
2014 330.19
2015 335.18
2016 339.46
2017 346.07
2018 352.69
2019 358.37
2020 361.4
2021 371.75
2022-Q1 385.68
Today 393.91

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: