Value of 1937 New Zealand Dollars today

$100 in 1937

$5,602.16 today

The inflation rate in New Zealand between 1937 and today has been 5,502.16%, which translates into a total increase of $5,502.16. This means that 100 dollars in 1937 are equivalent to 5,602.16 dollars in 2018. In other words, the purchasing power of $100 in 1937 equals $5,602.16 today. The average annual inflation rate has been 5.03%.

Inflation timeline in New Zealand (1937-2019)

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 (1937-2018) 5,403.62%
Total Inflation* 5,502.16%
Annual inflation avg. (1937-2018) 5.07%
Annual inflation avg.* 5.03%
CPI 1937 1.87
CPI 2018 102.84
CPI today* 104.69
$1 in 1937 $55.04 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 81 years between 1937 and 2018 and the average inflation rate has been 5.0319%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $100 * (1 + 0.05)81 = $5,503.62

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 1937 was 1.87 and the CPI today is 104.69. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $100 *
102.84/1.87
= $5,503.62

New Zealand inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1937 $56.02 dollars today
$5 dollars in 1937 $280.11 dollars today
$10 dollars in 1937 $560.22 dollars today
$50 dollars in 1937 $2,801.08 dollars today
$100 dollars in 1937 $5,602.16 dollars today
$500 dollars in 1937 $28,010.78 dollars today
$1,000 dollars in 1937 $56,021.56 dollars today
$5,000 dollars in 1937 $280,107.8 dollars today
$10,000 dollars in 1937 $560,215.61 dollars today
$50,000 dollars in 1937 $2,801,078.03 dollars today
$100,000 dollars in 1937 $5,602,156.06 dollars today
$500,000 dollars in 1937 $28,010,780.32 dollars today
$1,000,000 dollars in 1937 $56,021,560.63 dollars today

Value of Dollar in time (by year)

Period Value
1937 100
1938 107.25
1939 107.93
1940 116.19
1941 119.37
1942 123.9
1943 128.77
1944 130.58
1945 132.5
1946 134.2
1947 133.98
1948 147.57
1949 149.94
1950 152.64
1951 165.69
1952 185.48
1953 194.03
1954 204.82
1955 209.77
1956 215.02
1957 224.93
1958 229
1959 243.79
1960 246.58
1961 250.44
1962 255.8
1963 261.16
1964 266.95
1965 278.96
1966 285.61
1967 292.33
1968 311.52
1969 327.32
1970 340.3
1971 374.16
1972 408.31
1973 430.6
1974 474.34
1975 533.88
1976 617.69
1977 714.33
1978 823.77
1979 906.97
1980 1,056.9
1981 1,227.42
1982 1,420.12
1983 1,637.38
1984 1,696.29
1985 1,855.74
1986 2,139.02
1987 2,529.17
1988 2,771.74
1989 2,902.36
1990 3,111.32
1991 3,262.25
1992 3,294.17
1993 3,337.71
1994 3,384.15
1995 3,478.9
1996 3,580.43
1997 3,671.8
1998 3,702.26
1999 3,715.79
2000 3,734.68
2001 3,883.18
2002 3,953.71
2003 4,061.38
2004 4,124.49
2005 4,235.86
2006 4,369.51
2007 4,484.63
2008 4,627.42
2009 4,783.6
2010 4,877.31
2011 5,073.65
2012 5,167.36
2013 5,216.45
2014 5,301.23
2015 5,341.39
2016 5,345.85
2017 5,417.25
2018 5,503.62
Today 5,602.16