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Value of 1930 New Zealand Dollars today

$100 in 1930
$5,776.29 in 2022

The inflation rate in New Zealand between 1930 and today has been 5,676.29%, which translates into a total increase of $5,676.29. This means that 100 dollars in 1930 are equivalent to 5,776.29 dollars in 2022. In other words, the purchasing power of $100 in 1930 equals $5,776.29 today. The average annual inflation rate between these periods has been 4.51%.

Inflation timeline in New Zealand (1930 - 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 1930-2021 5,282.76%
Cumulative inflation 1930-today 5,676.29%
Avg. Annual inflation 1930-2021 4.48%
CPI 1930 2.08
CPI 2021 111.89
CPI 2022-Q1 (latest official data) 116.75
CPI today 120.07

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 1930 and 2021, use the corresponding CPI values:

Value2021
=Value1930 ×
CPI2021/CPI1930
=$ 100 ×
111.89/2.08
$5,382.76

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 120.07:

Valuetoday
=Value1930 ×
CPItoday/CPI1930
=$ 100 ×
120.07/2.08
$5,776.29

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 91 years between 1930 and 2021 and the average inflation rate was 4.4773%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.044773)91
$5,382.76

New Zealand inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1930 $53.83 dollars in 2021
$5 dollars in 1930 $269.14 dollars in 2021
$10 dollars in 1930 $538.28 dollars in 2021
$50 dollars in 1930 $2,691.38 dollars in 2021
$100 dollars in 1930 $5,382.76 dollars in 2021
$500 dollars in 1930 $26,913.79 dollars in 2021
$1,000 dollars in 1930 $53,827.59 dollars in 2021
$5,000 dollars in 1930 $269,137.94 dollars in 2021
$10,000 dollars in 1930 $538,275.88 dollars in 2021
$50,000 dollars in 1930 $2,691,379.41 dollars in 2021
$100,000 dollars in 1930 $5,382,758.82 dollars in 2021
$500,000 dollars in 1930 $26,913,794.12 dollars in 2021
$1,000,000 dollars in 1930 $53,827,588.23 dollars in 2021
Cumulative inflation From 1930 5,676.29%
Avg. annual inflation From 1930 4.51%
CPI 1930 2.08
CPI today 120.07

Value of Dollar over time (by year)

Period Value
1930 100
1931 92.24
1932 85.03
1933 81.17
1934 82.29
1935 85.37
1936 87.78
1937 93.94
1938 96.69
1939 101.12
1940 105.32
1941 109.24
1942 112.8
1943 115.55
1944 117.56
1945 119.17
1946 120.08
1947 124.03
1948 133.72
1949 135.94
1950 143.69
1951 159.53
1952 171.89
1953 179.68
1954 187.97
1955 192.69
1956 199.4
1957 203.74
1958 212.8
1959 220.94
1960 222.49
1961 226.49
1962 232.56
1963 237.13
1964 245.38
1965 253.71
1966 260.7
1967 276.49
1968 288.42
1969 302.62
1970 322.34
1971 355.83
1972 380.5
1973 411.57
1974 457.29
1975 524.44
1976 613.11
1977 701.3
1978 785.15
1979 892.71
1980 1,045.82
1981 1,206.56
1982 1,401.59
1983 1,504.48
1984 1,597.32
1985 1,843.59
1986 2,087.2
1987 2,415.81
1988 2,569.82
1989 2,716.72
1990 2,882.39
1991 2,957.4
1992 2,987.41
1993 3,025.89
1994 3,078.71
1995 3,194.31
1996 3,267.32
1997 3,306.11
1998 3,347.94
1999 3,344.12
2000 3,431.57
2001 3,521.68
2002 3,615.96
2003 3,679.37
2004 3,763.63
2005 3,877.94
2006 4,008.44
2007 4,103.69
2008 4,266.15
2009 4,356.41
2010 4,456.7
2011 4,636.21
2012 4,685.35
2013 4,738.5
2014 4,796.66
2015 4,810.7
2016 4,841.79
2017 4,931.4
2018 5,010.22
2019 5,091.37
2020 5,178.66
2021 5,382.76
2022-Q1 5,616.37
Today 5,776.29

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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