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Value of 1932 New Zealand Dollars today

$100 in 1932
$6,996.78 in 2022

The inflation rate in New Zealand between 1932 and today has been 6,896.78%, which translates into a total increase of $6,896.78. This means that 100 dollars in 1932 are equivalent to 6,996.78 dollars in 2022. In other words, the purchasing power of $100 in 1932 equals $6,996.78 today. The average annual inflation rate between these periods has been 4.83%.

Inflation timeline in New Zealand (1932 - 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 1932-2021 6,230.1%
Cumulative inflation 1932-today 6,896.78%
Avg. Annual inflation 1932-2021 4.77%
CPI 1932 1.77
CPI 2021 111.89
CPI 2022-Q2 (latest official data) 118.69
CPI today 123.68

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 1932 and 2021, use the corresponding CPI values:

Value2021
=Value1932 ×
CPI2021/CPI1932
=$ 100 ×
111.89/1.77
$6,330.1

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 123.68:

Valuetoday
=Value1932 ×
CPItoday/CPI1932
=$ 100 ×
123.68/1.77
$6,996.78

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 89 years between 1932 and 2021 and the average inflation rate was 4.7709%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.047709)89
$6,330.1

New Zealand inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1932 $63.3 dollars in 2021
$5 dollars in 1932 $316.51 dollars in 2021
$10 dollars in 1932 $633.01 dollars in 2021
$50 dollars in 1932 $3,165.05 dollars in 2021
$100 dollars in 1932 $6,330.1 dollars in 2021
$500 dollars in 1932 $31,650.5 dollars in 2021
$1,000 dollars in 1932 $63,301.01 dollars in 2021
$5,000 dollars in 1932 $316,505.03 dollars in 2021
$10,000 dollars in 1932 $633,010.05 dollars in 2021
$50,000 dollars in 1932 $3,165,050.26 dollars in 2021
$100,000 dollars in 1932 $6,330,100.53 dollars in 2021
$500,000 dollars in 1932 $31,650,502.63 dollars in 2021
$1,000,000 dollars in 1932 $63,301,005.26 dollars in 2021
Cumulative inflation From 1932 6,896.78%
Avg. annual inflation From 1932 4.83%
CPI 1932 1.77
CPI today 123.68

Value of Dollar over time (by year)

Period Value
1932 100
1933 95.45
1934 96.77
1935 100.39
1936 103.23
1937 110.48
1938 113.71
1939 118.92
1940 123.86
1941 128.46
1942 132.65
1943 135.89
1944 138.25
1945 140.14
1946 141.22
1947 145.85
1948 157.26
1949 159.86
1950 168.98
1951 187.6
1952 202.15
1953 211.3
1954 221.05
1955 226.6
1956 234.5
1957 239.6
1958 250.25
1959 259.83
1960 261.64
1961 266.35
1962 273.49
1963 278.87
1964 288.56
1965 298.36
1966 306.59
1967 325.15
1968 339.18
1969 355.88
1970 379.07
1971 418.45
1972 447.46
1973 484
1974 537.77
1975 616.74
1976 721.02
1977 824.73
1978 923.33
1979 1,049.83
1980 1,229.88
1981 1,418.91
1982 1,648.26
1983 1,769.26
1984 1,878.45
1985 2,168.06
1986 2,454.53
1987 2,840.98
1988 3,022.1
1989 3,194.85
1990 3,389.68
1991 3,477.89
1992 3,513.18
1993 3,558.44
1994 3,620.55
1995 3,756.49
1996 3,842.36
1997 3,887.97
1998 3,937.16
1999 3,932.67
2000 4,035.51
2001 4,141.48
2002 4,252.35
2003 4,326.92
2004 4,426.02
2005 4,560.43
2006 4,713.91
2007 4,825.92
2008 5,016.98
2009 5,123.12
2010 5,241.05
2011 5,452.16
2012 5,509.95
2013 5,572.45
2014 5,640.86
2015 5,657.37
2016 5,693.92
2017 5,799.31
2018 5,892
2019 5,987.43
2020 6,090.09
2021 6,330.1
2022-Q2 6,714.71
Today 6,996.78

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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