Value of 1936 New Zealand Dollars today

$100 in 1936

$5,797.89 in 2019

The inflation rate in New Zealand between 1936 and today has been 5,697.89%, which translates into a total increase of $5,697.89. This means that 100 dollars in 1936 are equivalent to 5,797.89 dollars in 2019. In other words, the purchasing power of $100 in 1936 equals $5,797.89 today. The average annual inflation rate has been 4.95%.

Inflation timeline in New Zealand (1936-2019)

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 (1936-2019) 5,691.21%
Total Inflation* 5,697.89%
Annual inflation avg. (1936-2019) 5.01%
Annual inflation avg.* 4.95%
CPI 1936 1.81
CPI 2019 104.79
CPI today* 104.91
$1 in 1936 $57.91 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 83 years between 1936 and 2019 and the average inflation rate has been 4.9521%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $100 * (1 + 0.05)83 = $5,791.21

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 1936 was 1.81 and the CPI today is 104.91. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $100 *
104.79/1.81
= $5,791.21

New Zealand inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1936 $57.98 dollars today
$5 dollars in 1936 $289.89 dollars today
$10 dollars in 1936 $579.79 dollars today
$50 dollars in 1936 $2,898.94 dollars today
$100 dollars in 1936 $5,797.89 dollars today
$500 dollars in 1936 $28,989.45 dollars today
$1,000 dollars in 1936 $57,978.89 dollars today
$5,000 dollars in 1936 $289,894.47 dollars today
$10,000 dollars in 1936 $579,788.95 dollars today
$50,000 dollars in 1936 $2,898,944.74 dollars today
$100,000 dollars in 1936 $5,797,889.48 dollars today
$500,000 dollars in 1936 $28,989,447.39 dollars today
$1,000,000 dollars in 1936 $57,978,894.78 dollars today

Value of Dollar in time (by year)

Period Value
1936 100
1937 103.27
1938 110.76
1939 111.46
1940 120
1941 123.27
1942 127.95
1943 132.98
1944 134.85
1945 136.84
1946 138.6
1947 138.36
1948 152.4
1949 154.85
1950 157.64
1951 171.11
1952 191.55
1953 200.38
1954 211.53
1955 216.64
1956 222.06
1957 232.29
1958 236.5
1959 251.78
1960 254.66
1961 258.64
1962 264.18
1963 269.72
1964 275.69
1965 288.09
1966 294.96
1967 301.91
1968 321.72
1969 338.04
1970 351.45
1971 386.42
1972 421.68
1973 444.7
1974 489.87
1975 551.36
1976 637.92
1977 737.72
1978 850.75
1979 936.67
1980 1,091.51
1981 1,267.61
1982 1,466.63
1983 1,691
1984 1,751.84
1985 1,916.52
1986 2,209.07
1987 2,612
1988 2,862.51
1989 2,997.4
1990 3,213.22
1991 3,369.08
1992 3,402.05
1993 3,447.01
1994 3,494.97
1995 3,592.83
1996 3,697.68
1997 3,792.04
1998 3,823.5
1999 3,837.48
2000 3,856.99
2001 4,010.35
2002 4,083.19
2003 4,194.38
2004 4,259.56
2005 4,374.58
2006 4,512.6
2007 4,631.49
2008 4,778.96
2009 4,940.26
2010 5,037.03
2011 5,239.81
2012 5,336.58
2013 5,387.28
2014 5,474.84
2015 5,516.31
2016 5,520.92
2017 5,594.65
2018 5,683.86
2019 5,791.21
Today 5,797.89