Value of 1935 New Zealand Dollars today

$100 in 1935

$6,107.04 today

The inflation rate in New Zealand between 1935 and today has been 6,007.04%, which translates into a total increase of $6,007.04. This means that 100 dollars in 1935 are equivalent to 6,107.04 dollars in 2018. In other words, the purchasing power of $100 in 1935 equals $6,107.04 today. The average annual inflation rate has been 5.02%.

Inflation timeline in New Zealand (1935-2019)

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 (1935-2018) 5,899.63%
Total Inflation* 6,007.04%
Annual inflation avg. (1935-2018) 5.06%
Annual inflation avg.* 5.02%
CPI 1935 1.71
CPI 2018 102.84
CPI today* 104.69
$1 in 1935 $60 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 83 years between 1935 and 2018 and the average inflation rate has been 5.0171%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $100 * (1 + 0.05)83 = $5,999.63

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 1935 was 1.71 and the CPI today is 104.69. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $100 *
102.84/1.71
= $5,999.63

New Zealand inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1935 $61.07 dollars today
$5 dollars in 1935 $305.35 dollars today
$10 dollars in 1935 $610.7 dollars today
$50 dollars in 1935 $3,053.52 dollars today
$100 dollars in 1935 $6,107.04 dollars today
$500 dollars in 1935 $30,535.21 dollars today
$1,000 dollars in 1935 $61,070.41 dollars today
$5,000 dollars in 1935 $305,352.07 dollars today
$10,000 dollars in 1935 $610,704.14 dollars today
$50,000 dollars in 1935 $3,053,520.69 dollars today
$100,000 dollars in 1935 $6,107,041.39 dollars today
$500,000 dollars in 1935 $30,535,206.93 dollars today
$1,000,000 dollars in 1935 $61,070,413.86 dollars today

Value of Dollar in time (by year)

Period Value
1935 100
1936 105.56
1937 109.01
1938 116.91
1939 117.65
1940 126.67
1941 130.12
1942 135.06
1943 140.37
1944 142.35
1945 144.44
1946 146.3
1947 146.05
1948 160.86
1949 163.46
1950 166.4
1951 180.62
1952 202.2
1953 211.51
1954 223.28
1955 228.68
1956 234.4
1957 245.2
1958 249.64
1959 265.77
1960 268.8
1961 273.01
1962 278.86
1963 284.7
1964 291.01
1965 304.1
1966 311.35
1967 318.68
1968 339.6
1969 356.82
1970 370.97
1971 407.89
1972 445.11
1973 469.41
1974 517.09
1975 581.99
1976 673.36
1977 778.7
1978 898.01
1979 988.71
1980 1,152.15
1981 1,338.04
1982 1,548.11
1983 1,784.94
1984 1,849.17
1985 2,022.99
1986 2,331.8
1987 2,757.11
1988 3,021.54
1989 3,163.93
1990 3,391.73
1991 3,556.25
1992 3,591.06
1993 3,638.51
1994 3,689.14
1995 3,792.43
1996 3,903.11
1997 4,002.71
1998 4,035.92
1999 4,050.67
2000 4,071.27
2001 4,233.14
2002 4,310.04
2003 4,427.4
2004 4,496.2
2005 4,617.61
2006 4,763.3
2007 4,888.8
2008 5,044.46
2009 5,214.72
2010 5,316.87
2011 5,530.91
2012 5,633.06
2013 5,686.57
2014 5,778.99
2015 5,822.78
2016 5,827.64
2017 5,905.47
2018 5,999.63
Today 6,107.04