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Value of 1933 New Zealand Dollars today

$100 in 1933
$7,064.13 in 2022

The inflation rate in New Zealand between 1933 and today has been 6,964.13%, which translates into a total increase of $6,964.13. This means that 100 dollars in 1933 are equivalent to 7,064.13 dollars in 2022. In other words, the purchasing power of $100 in 1933 equals $7,064.13 today. The average annual inflation rate between these periods has been 4.9%.

Inflation timeline in New Zealand (1933 - 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 1933-2021 6,531.82%
Cumulative inflation 1933-today 6,964.13%
Avg. Annual inflation 1933-2021 4.88%
CPI 1933 1.69
CPI 2021 111.89
CPI 2022-Q1 (latest official data) 116.75
CPI today 119.19

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 1933 and 2021, use the corresponding CPI values:

Value2021
=Value1933 ×
CPI2021/CPI1933
=$ 100 ×
111.89/1.69
$6,631.82

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 119.19:

Valuetoday
=Value1933 ×
CPItoday/CPI1933
=$ 100 ×
119.19/1.69
$7,064.13

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 88 years between 1933 and 2021 and the average inflation rate was 4.8819%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.048819)88
$6,631.82

New Zealand inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1933 $66.32 dollars in 2021
$5 dollars in 1933 $331.59 dollars in 2021
$10 dollars in 1933 $663.18 dollars in 2021
$50 dollars in 1933 $3,315.91 dollars in 2021
$100 dollars in 1933 $6,631.82 dollars in 2021
$500 dollars in 1933 $33,159.09 dollars in 2021
$1,000 dollars in 1933 $66,318.18 dollars in 2021
$5,000 dollars in 1933 $331,590.89 dollars in 2021
$10,000 dollars in 1933 $663,181.78 dollars in 2021
$50,000 dollars in 1933 $3,315,908.89 dollars in 2021
$100,000 dollars in 1933 $6,631,817.78 dollars in 2021
$500,000 dollars in 1933 $33,159,088.88 dollars in 2021
$1,000,000 dollars in 1933 $66,318,177.75 dollars in 2021
Cumulative inflation From 1933 6,964.13%
Avg. annual inflation From 1933 4.9%
CPI 1933 1.69
CPI today 119.19

Value of Dollar over time (by year)

Period Value
1933 100
1934 101.38
1935 105.17
1936 108.15
1937 115.74
1938 119.13
1939 124.58
1940 129.76
1941 134.59
1942 138.98
1943 142.36
1944 144.84
1945 146.82
1946 147.95
1947 152.81
1948 164.75
1949 167.48
1950 177.03
1951 196.54
1952 211.78
1953 221.37
1954 231.59
1955 237.4
1956 245.67
1957 251.02
1958 262.18
1959 272.21
1960 274.11
1961 279.04
1962 286.52
1963 292.16
1964 302.31
1965 312.58
1966 321.2
1967 340.65
1968 355.34
1969 372.84
1970 397.14
1971 438.4
1972 468.79
1973 507.07
1974 563.41
1975 646.14
1976 755.38
1977 864.03
1978 967.34
1979 1,099.87
1980 1,288.5
1981 1,486.54
1982 1,726.82
1983 1,853.59
1984 1,967.98
1985 2,271.4
1986 2,571.53
1987 2,976.4
1988 3,166.15
1989 3,347.12
1990 3,551.25
1991 3,643.66
1992 3,680.63
1993 3,728.05
1994 3,793.11
1995 3,935.54
1996 4,025.5
1997 4,073.29
1998 4,124.82
1999 4,120.11
2000 4,227.86
2001 4,338.88
2002 4,455.03
2003 4,533.16
2004 4,636.98
2005 4,777.8
2006 4,938.59
2007 5,055.94
2008 5,256.11
2009 5,367.31
2010 5,490.86
2011 5,712.03
2012 5,772.57
2013 5,838.06
2014 5,909.72
2015 5,927.02
2016 5,965.32
2017 6,075.73
2018 6,172.84
2019 6,272.81
2020 6,380.36
2021 6,631.82
2022-Q1 6,919.63
Today 7,064.13

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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