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Value of 1929 New Zealand Dollars today

$100 in 1929
$5,832.8 in 2022

The inflation rate in New Zealand between 1929 and today has been 5,732.8%, which translates into a total increase of $5,732.8. This means that 100 dollars in 1929 are equivalent to 5,832.8 dollars in 2022. In other words, the purchasing power of $100 in 1929 equals $5,832.8 today. The average annual inflation rate between these periods has been 4.47%.

Inflation timeline in New Zealand (1929 - 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 (NZD) 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 1929-2021 5,176.02%
Cumulative inflation 1929-today 5,732.8%
Avg. Annual inflation 1929-2021 4.4%
CPI 1929 2.12
CPI 2021 111.89
CPI 2022-Q2 (latest official data) 118.69
CPI today 123.7

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 1929 and 2021, use the corresponding CPI values:

Value2021
=Value1929 ×
CPI2021/CPI1929
=$ 100 ×
111.89/2.12
$5,276.02

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 123.7:

Valuetoday
=Value1929 ×
CPItoday/CPI1929
=$ 100 ×
123.7/2.12
$5,832.8

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 92 years between 1929 and 2021 and the average inflation rate was 4.4049%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.044049)92
$5,276.02

New Zealand inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1929 $52.76 dollars in 2021
$5 dollars in 1929 $263.8 dollars in 2021
$10 dollars in 1929 $527.6 dollars in 2021
$50 dollars in 1929 $2,638.01 dollars in 2021
$100 dollars in 1929 $5,276.02 dollars in 2021
$500 dollars in 1929 $26,380.1 dollars in 2021
$1,000 dollars in 1929 $52,760.2 dollars in 2021
$5,000 dollars in 1929 $263,801 dollars in 2021
$10,000 dollars in 1929 $527,602 dollars in 2021
$50,000 dollars in 1929 $2,638,010.01 dollars in 2021
$100,000 dollars in 1929 $5,276,020.02 dollars in 2021
$500,000 dollars in 1929 $26,380,100.08 dollars in 2021
$1,000,000 dollars in 1929 $52,760,200.16 dollars in 2021
Cumulative inflation From 1929 5,732.8%
Avg. annual inflation From 1929 4.47%
CPI 1929 2.12
CPI today 123.7

Value of Dollar over time (by year)

Period Value
1929 100
1930 98.02
1931 90.41
1932 83.35
1933 79.56
1934 80.65
1935 83.67
1936 86.04
1937 92.08
1938 94.77
1939 99.11
1940 103.23
1941 107.07
1942 110.57
1943 113.26
1944 115.23
1945 116.8
1946 117.7
1947 121.57
1948 131.07
1949 133.24
1950 140.84
1951 156.36
1952 168.49
1953 176.12
1954 184.24
1955 188.87
1956 195.45
1957 199.7
1958 208.58
1959 216.56
1960 218.07
1961 221.99
1962 227.95
1963 232.43
1964 240.51
1965 248.68
1966 255.53
1967 271.01
1968 282.7
1969 296.62
1970 315.95
1971 348.77
1972 372.95
1973 403.41
1974 448.22
1975 514.05
1976 600.95
1977 687.39
1978 769.58
1979 875.01
1980 1,025.08
1981 1,182.64
1982 1,373.79
1983 1,474.65
1984 1,565.65
1985 1,807.04
1986 2,045.81
1987 2,367.91
1988 2,518.87
1989 2,662.84
1990 2,825.24
1991 2,898.76
1992 2,928.17
1993 2,965.89
1994 3,017.66
1995 3,130.97
1996 3,202.53
1997 3,240.55
1998 3,281.55
1999 3,277.8
2000 3,363.52
2001 3,451.84
2002 3,544.25
2003 3,606.41
2004 3,689
2005 3,801.04
2006 3,928.96
2007 4,022.31
2008 4,181.56
2009 4,270.02
2010 4,368.32
2011 4,544.27
2012 4,592.44
2013 4,644.53
2014 4,701.55
2015 4,715.31
2016 4,745.78
2017 4,833.62
2018 4,910.87
2019 4,990.41
2020 5,075.97
2021 5,276.02
2022-Q2 5,596.59
Today 5,832.8

All available years

Today's value of New Zealand dollars by year:

1926 | 1927 | 1928 | 1929 | 1930 | 1931 | 1932 | 1933 | 1934 | 1935 | 1936 | 1937 | 1938 | 1939 | 1940 | 1941 | 1942 | 1943 | 1944 | 1945 | 1946 | 1947 | 1948 | 1949 | 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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