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Value of 1987 Australian Dollars today

$100 in 1987
$272.58 in 2022

The inflation rate in Australia between 1987 and today has been 172.58%, which translates into a total increase of $172.58. This means that 100 dollars in 1987 are equivalent to 272.58 dollars in 2022. In other words, the purchasing power of $100 in 1987 equals $272.58 today. The average annual inflation rate between these periods has been 2.91%.

Inflation timeline in Australia (1987 - 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 1987-2021 157.24%
Cumulative inflation 1987-today 172.58%
Avg. Annual inflation 1987-2021 2.82%
CPI 1987 43.12
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 1987 and 2021, use the corresponding CPI values:

Value2021
=Value1987 ×
CPI2021/CPI1987
=$ 100 ×
110.91/43.12
$257.24

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

Valuetoday
=Value1987 ×
CPItoday/CPI1987
=$ 100 ×
117.52/43.12
$272.58

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 34 years between 1987 and 2021 and the average inflation rate was 2.8179%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.028179)34
$257.24

Australia inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1987 $2.57 dollars in 2021
$5 dollars in 1987 $12.86 dollars in 2021
$10 dollars in 1987 $25.72 dollars in 2021
$50 dollars in 1987 $128.62 dollars in 2021
$100 dollars in 1987 $257.24 dollars in 2021
$500 dollars in 1987 $1,286.21 dollars in 2021
$1,000 dollars in 1987 $2,572.43 dollars in 2021
$5,000 dollars in 1987 $12,862.15 dollars in 2021
$10,000 dollars in 1987 $25,724.29 dollars in 2021
$50,000 dollars in 1987 $128,621.46 dollars in 2021
$100,000 dollars in 1987 $257,242.93 dollars in 2021
$500,000 dollars in 1987 $1,286,214.63 dollars in 2021
$1,000,000 dollars in 1987 $2,572,429.26 dollars in 2021
Cumulative inflation From 1987 172.58%
Avg. annual inflation From 1987 2.91%
CPI 1987 43.12
CPI today 117.52

Value of Dollar over time (by year)

Period Value
1987 100
1988 107.22
1989 115.29
1990 123.75
1991 127.68
1992 128.97
1993 131.23
1994 133.82
1995 140.01
1996 143.67
1997 144
1998 145.23
1999 147.39
2000 153.96
2001 160.74
2002 165.54
2003 170.06
2004 174.04
2005 178.73
2006 185.08
2007 189.39
2008 197.63
2009 201.13
2010 207
2011 213.84
2012 217.61
2013 222.94
2014 228.49
2015 231.93
2016 234.9
2017 239.47
2018 244.05
2019 247.98
2020 250.08
2021 257.24
2022-Q1 266.88
Today 272.58

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 |

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