Value of 1934 New Zealand Dollars today

$100 in 1934

$6,195.85 in 2019

The inflation rate in New Zealand between 1934 and today has been 6,095.85%, which translates into a total increase of $6,095.85. This means that 100 dollars in 1934 are equivalent to 6,195.85 dollars in 2019. In other words, the purchasing power of $100 in 1934 equals $6,195.85 today. The average annual inflation rate has been 4.92%.

Inflation timeline in New Zealand (1934-2019)

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 (1934-2019) 6,089.35%
Total Inflation* 6,095.85%
Annual inflation avg. (1934-2019) 4.97%
Annual inflation avg.* 4.92%
CPI 1934 1.69
CPI 2019 104.79
CPI today* 104.9
$1 in 1934 $61.89 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 85 years between 1934 and 2019 and the average inflation rate has been 4.9152%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $100 * (1 + 0.05)85 = $6,189.35

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 1934 was 1.69 and the CPI today is 104.9. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $100 *
104.79/1.69
= $6,189.35

New Zealand inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1934 $61.96 dollars today
$5 dollars in 1934 $309.79 dollars today
$10 dollars in 1934 $619.58 dollars today
$50 dollars in 1934 $3,097.92 dollars today
$100 dollars in 1934 $6,195.85 dollars today
$500 dollars in 1934 $30,979.24 dollars today
$1,000 dollars in 1934 $61,958.47 dollars today
$5,000 dollars in 1934 $309,792.36 dollars today
$10,000 dollars in 1934 $619,584.71 dollars today
$50,000 dollars in 1934 $3,097,923.56 dollars today
$100,000 dollars in 1934 $6,195,847.11 dollars today
$500,000 dollars in 1934 $30,979,235.55 dollars today
$1,000,000 dollars in 1934 $61,958,471.11 dollars today

Value of Dollar in time (by year)

Period Value
1934 100
1935 101.25
1936 106.88
1937 110.38
1938 118.38
1939 119.13
1940 128.25
1941 131.75
1942 136.75
1943 142.12
1944 144.13
1945 146.25
1946 148.13
1947 147.87
1948 162.88
1949 165.5
1950 168.48
1951 182.88
1952 204.72
1953 214.16
1954 226.07
1955 231.53
1956 237.33
1957 248.26
1958 252.76
1959 269.09
1960 272.16
1961 276.42
1962 282.34
1963 288.26
1964 294.65
1965 307.9
1966 315.24
1967 322.66
1968 343.84
1969 361.28
1970 375.61
1971 412.98
1972 450.67
1973 475.27
1974 523.55
1975 589.27
1976 681.78
1977 788.44
1978 909.24
1979 1,001.07
1980 1,166.55
1981 1,354.76
1982 1,567.46
1983 1,807.25
1984 1,872.28
1985 2,048.28
1986 2,360.95
1987 2,791.57
1988 3,059.31
1989 3,203.47
1990 3,434.13
1991 3,600.71
1992 3,635.94
1993 3,684
1994 3,735.25
1995 3,839.84
1996 3,951.9
1997 4,052.75
1998 4,086.37
1999 4,101.31
2000 4,122.16
2001 4,286.06
2002 4,363.91
2003 4,482.74
2004 4,552.4
2005 4,675.33
2006 4,822.84
2007 4,949.91
2008 5,107.52
2009 5,279.9
2010 5,383.33
2011 5,600.04
2012 5,703.48
2013 5,757.65
2014 5,851.23
2015 5,895.56
2016 5,900.49
2017 5,979.29
2018 6,074.62
2019 6,189.35
Today 6,195.85