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Value of 2012 Australian Dollars today

$100 in 2012
$138.92 in 2024

The inflation rate in Australia between 2012 and today has been 38.92%, which translates into a total increase of $38.92. This means that 100 dollars in 2012 are equivalent to 138.92 dollars in 2024. In other words, the purchasing power of $100 in 2012 equals $138.92 today. The average annual inflation rate between these periods has been 2.78%.

Inflation timeline in Australia (2012 - 2024)

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 2012-2023 33.06%
Cumulative inflation 2012-today 38.92%
Avg. Annual inflation 2012-2023 2.63%
CPI 2012 93.82
CPI 2023 124.84
CPI 2023-Q4 (latest official data) 126.4
CPI today 130.34

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 2012 and 2023, use the corresponding CPI values:

Value2023
=Value2012 ×
CPI2023/CPI2012
=$ 100 ×
124.84/93.82
$133.06

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 130.34:

Valuetoday
=Value2012 ×
CPItoday/CPI2012
=$ 100 ×
130.34/93.82
$138.92

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 11 years between 2012 and 2023 and the average inflation rate was 2.6307%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=$100 × (1 + 0.026307)11
$133.06

Australia inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 2012 $1.33 dollars in 2023
$5 dollars in 2012 $6.65 dollars in 2023
$10 dollars in 2012 $13.31 dollars in 2023
$50 dollars in 2012 $66.53 dollars in 2023
$100 dollars in 2012 $133.06 dollars in 2023
$500 dollars in 2012 $665.31 dollars in 2023
$1,000 dollars in 2012 $1,330.61 dollars in 2023
$5,000 dollars in 2012 $6,653.06 dollars in 2023
$10,000 dollars in 2012 $13,306.11 dollars in 2023
$50,000 dollars in 2012 $66,530.57 dollars in 2023
$100,000 dollars in 2012 $133,061.14 dollars in 2023
$500,000 dollars in 2012 $665,305.71 dollars in 2023
$1,000,000 dollars in 2012 $1,330,611.43 dollars in 2023
Cumulative inflation From 2012 38.92%
Avg. annual inflation From 2012 2.78%
CPI 2012 93.82
CPI today 130.34

Value of Dollar over time (by year)

Period Value
2012 100
2013 102.45
2014 105
2015 106.58
2016 107.94
2017 110.05
2018 112.15
2019 113.96
2020 114.92
2021 118.21
2022 126.01
2023 133.06
2023-Q4 134.72
Today 138.92

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 | 2022 | 2023 |

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