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Value of 1937 New Zealand Dollars today

$100 in 1937
$6,099.95 in 2022

The inflation rate in New Zealand between 1937 and today has been 5,999.95%, which translates into a total increase of $5,999.95. This means that 100 dollars in 1937 are equivalent to 6,099.95 dollars in 2022. In other words, the purchasing power of $100 in 1937 equals $6,099.95 today. The average annual inflation rate between these periods has been 4.96%.

Inflation timeline in New Zealand (1937 - 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 1937-2021 5,629.85%
Cumulative inflation 1937-today 5,999.95%
Avg. Annual inflation 1937-2021 4.94%
CPI 1937 1.95
CPI 2021 111.89
CPI 2022-Q1 (latest official data) 116.75
CPI today 119.12

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 1937 and 2021, use the corresponding CPI values:

Value2021
=Value1937 ×
CPI2021/CPI1937
=$ 100 ×
111.89/1.95
$5,729.85

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 119.12:

Valuetoday
=Value1937 ×
CPItoday/CPI1937
=$ 100 ×
119.12/1.95
$6,099.95

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 84 years between 1937 and 2021 and the average inflation rate was 4.9374%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.049374)84
$5,729.85

New Zealand inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1937 $57.3 dollars in 2021
$5 dollars in 1937 $286.49 dollars in 2021
$10 dollars in 1937 $572.98 dollars in 2021
$50 dollars in 1937 $2,864.92 dollars in 2021
$100 dollars in 1937 $5,729.85 dollars in 2021
$500 dollars in 1937 $28,649.23 dollars in 2021
$1,000 dollars in 1937 $57,298.47 dollars in 2021
$5,000 dollars in 1937 $286,492.33 dollars in 2021
$10,000 dollars in 1937 $572,984.67 dollars in 2021
$50,000 dollars in 1937 $2,864,923.34 dollars in 2021
$100,000 dollars in 1937 $5,729,846.68 dollars in 2021
$500,000 dollars in 1937 $28,649,233.4 dollars in 2021
$1,000,000 dollars in 1937 $57,298,466.8 dollars in 2021
Cumulative inflation From 1937 5,999.95%
Avg. annual inflation From 1937 4.96%
CPI 1937 1.95
CPI today 119.12

Value of Dollar over time (by year)

Period Value
1937 100
1938 102.93
1939 107.64
1940 112.11
1941 116.28
1942 120.08
1943 123
1944 125.14
1945 126.85
1946 127.82
1947 132.02
1948 142.35
1949 144.7
1950 152.95
1951 169.81
1952 182.98
1953 191.26
1954 200.09
1955 205.11
1956 212.26
1957 216.88
1958 226.52
1959 235.19
1960 236.83
1961 241.09
1962 247.55
1963 252.43
1964 261.2
1965 270.07
1966 277.51
1967 294.32
1968 307.01
1969 322.13
1970 343.13
1971 378.77
1972 405.03
1973 438.11
1974 486.78
1975 558.26
1976 652.65
1977 746.52
1978 835.78
1979 950.28
1980 1,113.25
1981 1,284.36
1982 1,491.96
1983 1,601.49
1984 1,700.32
1985 1,962.47
1986 2,221.78
1987 2,571.59
1988 2,735.53
1989 2,891.89
1990 3,068.25
1991 3,148.1
1992 3,180.04
1993 3,221.01
1994 3,277.23
1995 3,400.28
1996 3,478
1997 3,519.29
1998 3,563.82
1999 3,559.75
2000 3,652.84
2001 3,748.76
2002 3,849.12
2003 3,916.62
2004 4,006.32
2005 4,127.99
2006 4,266.91
2007 4,368.3
2008 4,541.24
2009 4,637.32
2010 4,744.07
2011 4,935.16
2012 4,987.46
2013 5,044.04
2014 5,105.96
2015 5,120.9
2016 5,154
2017 5,249.39
2018 5,333.29
2019 5,419.67
2020 5,512.59
2021 5,729.85
2022-Q1 5,978.52
Today 6,099.95

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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