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Value of 1936 New Zealand Dollars today

$100 in 1936
$6,955.26 in 2022

The inflation rate in New Zealand between 1936 and today has been 6,855.26%, which translates into a total increase of $6,855.26. This means that 100 dollars in 1936 are equivalent to 6,955.26 dollars in 2022. In other words, the purchasing power of $100 in 1936 equals $6,955.26 today. The average annual inflation rate between these periods has been 5.06%.

Inflation timeline in New Zealand (1936 - 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 1936-2021 6,031.88%
Cumulative inflation 1936-today 6,855.26%
Avg. Annual inflation 1936-2021 4.96%
CPI 1936 1.82
CPI 2021 111.89
CPI 2022-Q3 (latest official data) 121.25
CPI today 126.92

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 1936 and 2021, use the corresponding CPI values:

Value2021
=Value1936 ×
CPI2021/CPI1936
=$ 100 ×
111.89/1.82
$6,131.88

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 126.92:

Valuetoday
=Value1936 ×
CPItoday/CPI1936
=$ 100 ×
126.92/1.82
$6,955.26

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 85 years between 1936 and 2021 and the average inflation rate was 4.9616%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.049616)85
$6,131.88

New Zealand inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1936 $61.32 dollars in 2021
$5 dollars in 1936 $306.59 dollars in 2021
$10 dollars in 1936 $613.19 dollars in 2021
$50 dollars in 1936 $3,065.94 dollars in 2021
$100 dollars in 1936 $6,131.88 dollars in 2021
$500 dollars in 1936 $30,659.42 dollars in 2021
$1,000 dollars in 1936 $61,318.84 dollars in 2021
$5,000 dollars in 1936 $306,594.18 dollars in 2021
$10,000 dollars in 1936 $613,188.36 dollars in 2021
$50,000 dollars in 1936 $3,065,941.78 dollars in 2021
$100,000 dollars in 1936 $6,131,883.56 dollars in 2021
$500,000 dollars in 1936 $30,659,417.8 dollars in 2021
$1,000,000 dollars in 1936 $61,318,835.61 dollars in 2021
Cumulative inflation From 1936 6,855.26%
Avg. annual inflation From 1936 5.06%
CPI 1936 1.82
CPI today 126.92

Value of Dollar over time (by year)

Period Value
1936 100
1937 107.02
1938 110.15
1939 115.19
1940 119.98
1941 124.44
1942 128.5
1943 131.63
1944 133.92
1945 135.75
1946 136.79
1947 141.29
1948 152.33
1949 154.86
1950 163.69
1951 181.73
1952 195.82
1953 204.68
1954 214.13
1955 219.5
1956 227.15
1957 232.1
1958 242.42
1959 251.69
1960 253.45
1961 258.01
1962 264.92
1963 270.14
1964 279.52
1965 289.02
1966 296.98
1967 314.97
1968 328.55
1969 344.74
1970 367.2
1971 405.35
1972 433.45
1973 468.85
1974 520.93
1975 597.43
1976 698.44
1977 798.9
1978 894.42
1979 1,016.95
1980 1,191.37
1981 1,374.48
1982 1,596.65
1983 1,713.86
1984 1,819.63
1985 2,100.17
1986 2,377.67
1987 2,752.02
1988 2,927.47
1989 3,094.8
1990 3,283.54
1991 3,368.99
1992 3,403.17
1993 3,447.01
1994 3,507.17
1995 3,638.87
1996 3,722.04
1997 3,766.23
1998 3,813.88
1999 3,809.52
2000 3,909.15
2001 4,011.8
2002 4,119.19
2003 4,191.43
2004 4,287.42
2005 4,417.63
2006 4,566.3
2007 4,674.8
2008 4,859.88
2009 4,962.7
2010 5,076.94
2011 5,281.43
2012 5,337.41
2013 5,397.96
2014 5,464.22
2015 5,480.21
2016 5,515.63
2017 5,617.71
2018 5,707.5
2019 5,799.94
2020 5,899.39
2021 6,131.88
2022-Q3 6,644.51
Today 6,955.26

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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