Value of 1933 New Zealand Dollars today

$100 in 1933

$6,137.35 today

The inflation rate in New Zealand between 1933 and today has been 6,037.35%, which translates into a total increase of $6,037.35. This means that 100 dollars in 1933 are equivalent to 6,137.35 dollars in 2018. In other words, the purchasing power of $100 in 1933 equals $6,137.35 today. The average annual inflation rate has been 4.9%.

Inflation timeline in New Zealand (1933-2019)

The following chart ilustrates the equivalence of $100 throughout the years due to inflation and CPI changes. All values are equivalent in terms of purchashing 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 (1933-2018) 5,929.4%
Total Inflation* 6,037.35%
Annual inflation avg. (1933-2018) 4.94%
Annual inflation avg.* 4.9%
CPI 1933 1.71
CPI 2018 102.84
CPI today* 104.69
$1 in 1933 $60.29 in 2018

* 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 85 years between 1933 and 2018 and the average inflation rate has been 4.9036%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $100 * (1 + 0.05)85 = $6,029.4

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 1933 was 1.71 and the CPI today is 104.69. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $100 *
102.84/1.71
= $6,029.4

New Zealand inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1933 $61.37 dollars today
$5 dollars in 1933 $306.87 dollars today
$10 dollars in 1933 $613.73 dollars today
$50 dollars in 1933 $3,068.67 dollars today
$100 dollars in 1933 $6,137.35 dollars today
$500 dollars in 1933 $30,686.75 dollars today
$1,000 dollars in 1933 $61,373.49 dollars today
$5,000 dollars in 1933 $306,867.46 dollars today
$10,000 dollars in 1933 $613,734.91 dollars today
$50,000 dollars in 1933 $3,068,674.56 dollars today
$100,000 dollars in 1933 $6,137,349.12 dollars today
$500,000 dollars in 1933 $30,686,745.58 dollars today
$1,000,000 dollars in 1933 $61,373,491.15 dollars today

Value of Dollar in time (by year)

Period Value
1933 100
1934 99.26
1935 100.5
1936 106.08
1937 109.55
1938 117.49
1939 118.24
1940 127.3
1941 130.77
1942 135.73
1943 141.07
1944 143.05
1945 145.16
1946 147.02
1947 146.77
1948 161.66
1949 164.27
1950 167.22
1951 181.52
1952 203.2
1953 212.56
1954 224.39
1955 229.81
1956 235.56
1957 246.41
1958 250.88
1959 267.08
1960 270.14
1961 274.37
1962 280.24
1963 286.11
1964 292.45
1965 305.61
1966 312.89
1967 320.26
1968 341.28
1969 358.59
1970 372.81
1971 409.91
1972 447.31
1973 471.74
1974 519.65
1975 584.88
1976 676.7
1977 782.57
1978 902.47
1979 993.62
1980 1,157.87
1981 1,344.68
1982 1,555.79
1983 1,793.8
1984 1,858.34
1985 2,033.03
1986 2,343.37
1987 2,770.79
1988 3,036.53
1989 3,179.63
1990 3,408.56
1991 3,573.9
1992 3,608.88
1993 3,656.57
1994 3,707.45
1995 3,811.25
1996 3,922.48
1997 4,022.58
1998 4,055.95
1999 4,070.77
2000 4,091.47
2001 4,254.15
2002 4,331.43
2003 4,449.37
2004 4,518.51
2005 4,640.52
2006 4,786.94
2007 4,913.06
2008 5,069.49
2009 5,240.6
2010 5,343.26
2011 5,558.36
2012 5,661.02
2013 5,714.79
2014 5,807.67
2015 5,851.67
2016 5,856.56
2017 5,934.78
2018 6,029.4
Today 6,137.35