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Value of 2001 Australian Dollars today

$100 in 2001
$169.46 in 2022

The inflation rate in Australia between 2001 and today has been 69.46%, which translates into a total increase of $69.46. This means that 100 dollars in 2001 are equivalent to 169.46 dollars in 2022. In other words, the purchasing power of $100 in 2001 equals $169.46 today. The average annual inflation rate between these periods has been 2.54%.

Inflation timeline in Australia (2001 - 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 2001-2021 60.03%
Cumulative inflation 2001-today 69.46%
Avg. Annual inflation 2001-2021 2.38%
CPI 2001 69.31
CPI 2021 110.91
CPI 2022-Q1 (latest official data) 115.07
CPI today 117.44

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 2001 and 2021, use the corresponding CPI values:

Value2021
=Value2001 ×
CPI2021/CPI2001
=$ 100 ×
110.91/69.31
$160.03

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 117.44:

Valuetoday
=Value2001 ×
CPItoday/CPI2001
=$ 100 ×
117.44/69.31
$169.46

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 20 years between 2001 and 2021 and the average inflation rate was 2.3789%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.023789)20
$160.03

Australia inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 2001 $1.6 dollars in 2021
$5 dollars in 2001 $8 dollars in 2021
$10 dollars in 2001 $16 dollars in 2021
$50 dollars in 2001 $80.02 dollars in 2021
$100 dollars in 2001 $160.03 dollars in 2021
$500 dollars in 2001 $800.17 dollars in 2021
$1,000 dollars in 2001 $1,600.34 dollars in 2021
$5,000 dollars in 2001 $8,001.68 dollars in 2021
$10,000 dollars in 2001 $16,003.35 dollars in 2021
$50,000 dollars in 2001 $80,016.77 dollars in 2021
$100,000 dollars in 2001 $160,033.55 dollars in 2021
$500,000 dollars in 2001 $800,167.75 dollars in 2021
$1,000,000 dollars in 2001 $1,600,335.5 dollars in 2021
Cumulative inflation From 2001 69.46%
Avg. annual inflation From 2001 2.54%
CPI 2001 69.31
CPI today 117.44

Value of Dollar over time (by year)

Period Value
2001 100
2002 102.98
2003 105.8
2004 108.27
2005 111.19
2006 115.14
2007 117.82
2008 122.95
2009 125.13
2010 128.78
2011 133.03
2012 135.38
2013 138.69
2014 142.14
2015 144.29
2016 146.13
2017 148.98
2018 151.83
2019 154.27
2020 155.58
2021 160.03
2022-Q1 166.03
Today 169.46

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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