Value of 1929 New Zealand Dollars today

$100 in 1929

$4,918.97 in 2019

The inflation rate in New Zealand between 1929 and today has been 4,818.97%, which translates into a total increase of $4,818.97. This means that 100 dollars in 1929 are equivalent to 4,918.97 dollars in 2019. In other words, the purchasing power of $100 in 1929 equals $4,918.97 today. The average annual inflation rate has been 4.37%.

Inflation timeline in New Zealand (1929-2019)

The following chart depicts the equivalence of $100 throughout the years due to 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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1929-2019) 4,813.3%
Total Inflation* 4,818.97%
Annual inflation avg. (1929-2019) 4.42%
Annual inflation avg.* 4.37%
CPI 1929 2.13
CPI 2019 104.79
CPI today* 104.91
$1 in 1929 $49.13 in 2019

* Values extrapolated from the last official data to obtain today's values.

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 compound interest formula or the Consumer Price Index (CPI) formula.

Using the compound interest formula

Given that money changes in time as a result of an inflation rate that acts as a compound interest, the following formula can be used: 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 90 years between 1929 and 2019 and the average inflation rate has been 4.3739%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $100 * (1 + 0.04)90 = $4,913.3

Using the CPI formula

When the CPI for both start and end years is known, the following formula can be used:

Final value = Initial value *
CPI final/CPI initial

In this case, the CPI in 1929 was 2.13 and the CPI today is 104.91. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $100 *
104.79/2.13
= $4,913.3

New Zealand inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1929 $49.19 dollars today
$5 dollars in 1929 $245.95 dollars today
$10 dollars in 1929 $491.9 dollars today
$50 dollars in 1929 $2,459.48 dollars today
$100 dollars in 1929 $4,918.97 dollars today
$500 dollars in 1929 $24,594.84 dollars today
$1,000 dollars in 1929 $49,189.69 dollars today
$5,000 dollars in 1929 $245,948.45 dollars today
$10,000 dollars in 1929 $491,896.89 dollars today
$50,000 dollars in 1929 $2,459,484.47 dollars today
$100,000 dollars in 1929 $4,918,968.94 dollars today
$500,000 dollars in 1929 $24,594,844.71 dollars today
$1,000,000 dollars in 1929 $49,189,689.42 dollars today

Value of Dollar in time (by year)

Period Value
1929 100
1930 99.53
1931 95.56
1932 88.12
1933 79.98
1934 79.38
1935 80.38
1936 84.84
1937 87.62
1938 93.97
1939 94.57
1940 101.81
1941 104.59
1942 108.56
1943 112.82
1944 114.41
1945 116.1
1946 117.59
1947 117.39
1948 129.3
1949 131.38
1950 133.74
1951 145.17
1952 162.52
1953 170
1954 179.46
1955 183.8
1956 188.4
1957 197.08
1958 200.65
1959 213.61
1960 216.05
1961 219.43
1962 224.13
1963 228.83
1964 233.9
1965 244.42
1966 250.25
1967 256.14
1968 272.95
1969 286.8
1970 298.17
1971 327.84
1972 357.76
1973 377.29
1974 415.61
1975 467.78
1976 541.22
1977 625.89
1978 721.78
1979 794.68
1980 926.04
1981 1,075.45
1982 1,244.3
1983 1,434.65
1984 1,486.28
1985 1,625.98
1986 1,874.19
1987 2,216.04
1988 2,428.57
1989 2,543.02
1990 2,726.11
1991 2,858.35
1992 2,886.32
1993 2,924.47
1994 2,965.16
1995 3,048.18
1996 3,137.14
1997 3,217.2
1998 3,243.88
1999 3,255.74
2000 3,272.29
2001 3,402.41
2002 3,464.21
2003 3,558.54
2004 3,613.84
2005 3,711.42
2006 3,828.52
2007 3,929.39
2008 4,054.5
2009 4,191.35
2010 4,273.45
2011 4,445.49
2012 4,527.59
2013 4,570.6
2014 4,644.89
2015 4,680.08
2016 4,683.99
2017 4,746.54
2018 4,822.22
2019 4,913.3
Today 4,918.97