Value of 1932 New Zealand Dollars today

$100 in 1932

$5,582.72 in 2019

The inflation rate in New Zealand between 1932 and today has been 5,482.72%, which translates into a total increase of $5,482.72. This means that 100 dollars in 1932 are equivalent to 5,582.72 dollars in 2019. In other words, the purchasing power of $100 in 1932 equals $5,582.72 today. The average annual inflation rate has been 4.68%.

Inflation timeline in New Zealand (1932-2019)

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 (1932-2019) 5,475.99%
Total Inflation* 5,482.72%
Annual inflation avg. (1932-2019) 4.73%
Annual inflation avg.* 4.68%
CPI 1932 1.88
CPI 2019 104.79
CPI today* 104.91
$1 in 1932 $55.76 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 87 years between 1932 and 2019 and the average inflation rate has been 4.6768%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $100 * (1 + 0.05)87 = $5,575.99

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 1932 was 1.88 and the CPI today is 104.91. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $100 *
104.79/1.88
= $5,575.99

New Zealand inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1932 $55.83 dollars today
$5 dollars in 1932 $279.14 dollars today
$10 dollars in 1932 $558.27 dollars today
$50 dollars in 1932 $2,791.36 dollars today
$100 dollars in 1932 $5,582.72 dollars today
$500 dollars in 1932 $27,913.61 dollars today
$1,000 dollars in 1932 $55,827.22 dollars today
$5,000 dollars in 1932 $279,136.09 dollars today
$10,000 dollars in 1932 $558,272.18 dollars today
$50,000 dollars in 1932 $2,791,360.91 dollars today
$100,000 dollars in 1932 $5,582,721.82 dollars today
$500,000 dollars in 1932 $27,913,609.12 dollars today
$1,000,000 dollars in 1932 $55,827,218.24 dollars today

Value of Dollar in time (by year)

Period Value
1932 100
1933 90.77
1934 90.09
1935 91.22
1936 96.28
1937 99.44
1938 106.64
1939 107.32
1940 115.54
1941 118.69
1942 123.2
1943 128.04
1944 129.84
1945 131.76
1946 133.45
1947 133.22
1948 146.73
1949 149.1
1950 151.78
1951 164.75
1952 184.44
1953 192.93
1954 203.67
1955 208.59
1956 213.81
1957 223.66
1958 227.71
1959 242.42
1960 245.19
1961 249.03
1962 254.36
1963 259.69
1964 265.45
1965 277.39
1966 284
1967 290.69
1968 309.77
1969 325.48
1970 338.39
1971 372.06
1972 406.01
1973 428.18
1974 471.67
1975 530.87
1976 614.22
1977 710.3
1978 819.13
1979 901.86
1980 1,050.95
1981 1,220.51
1982 1,412.13
1983 1,628.16
1984 1,686.74
1985 1,845.29
1986 2,126.98
1987 2,514.93
1988 2,756.13
1989 2,886.01
1990 3,093.81
1991 3,243.88
1992 3,275.63
1993 3,318.92
1994 3,365.09
1995 3,459.31
1996 3,560.27
1997 3,651.12
1998 3,681.41
1999 3,694.87
2000 3,713.65
2001 3,861.32
2002 3,931.45
2003 4,038.51
2004 4,101.26
2005 4,212.01
2006 4,344.9
2007 4,459.38
2008 4,601.37
2009 4,756.67
2010 4,849.85
2011 5,045.09
2012 5,138.27
2013 5,187.08
2014 5,271.38
2015 5,311.32
2016 5,315.75
2017 5,386.75
2018 5,472.63
2019 5,575.99
Today 5,582.72