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Value of 1939 New Zealand Dollars today

$100 in 1939
$5,670.15 in 2022

The inflation rate in New Zealand between 1939 and today has been 5,570.15%, which translates into a total increase of $5,570.15. This means that 100 dollars in 1939 are equivalent to 5,670.15 dollars in 2022. In other words, the purchasing power of $100 in 1939 equals $5,670.15 today. The average annual inflation rate between these periods has been 4.99%.

Inflation timeline in New Zealand (1939 - 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 1939-2021 5,223.15%
Cumulative inflation 1939-today 5,570.15%
Avg. Annual inflation 1939-2021 4.97%
CPI 1939 2.1
CPI 2021 111.89
CPI 2022-Q1 (latest official data) 116.75
CPI today 119.19

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 1939 and 2021, use the corresponding CPI values:

Value2021
=Value1939 ×
CPI2021/CPI1939
=$ 100 ×
111.89/2.1
$5,323.15

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 119.19:

Valuetoday
=Value1939 ×
CPItoday/CPI1939
=$ 100 ×
119.19/2.1
$5,670.15

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 82 years between 1939 and 2021 and the average inflation rate was 4.9665%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.049665)82
$5,323.15

New Zealand inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1939 $53.23 dollars in 2021
$5 dollars in 1939 $266.16 dollars in 2021
$10 dollars in 1939 $532.31 dollars in 2021
$50 dollars in 1939 $2,661.57 dollars in 2021
$100 dollars in 1939 $5,323.15 dollars in 2021
$500 dollars in 1939 $26,615.73 dollars in 2021
$1,000 dollars in 1939 $53,231.46 dollars in 2021
$5,000 dollars in 1939 $266,157.29 dollars in 2021
$10,000 dollars in 1939 $532,314.58 dollars in 2021
$50,000 dollars in 1939 $2,661,572.89 dollars in 2021
$100,000 dollars in 1939 $5,323,145.78 dollars in 2021
$500,000 dollars in 1939 $26,615,728.91 dollars in 2021
$1,000,000 dollars in 1939 $53,231,457.81 dollars in 2021
Cumulative inflation From 1939 5,570.15%
Avg. annual inflation From 1939 4.99%
CPI 1939 2.1
CPI today 119.19

Value of Dollar over time (by year)

Period Value
1939 100
1940 104.15
1941 108.03
1942 111.55
1943 114.27
1944 116.26
1945 117.85
1946 118.75
1947 122.65
1948 132.24
1949 134.43
1950 142.1
1951 157.76
1952 169.99
1953 177.69
1954 185.89
1955 190.55
1956 197.19
1957 201.48
1958 210.44
1959 218.5
1960 220.02
1961 223.98
1962 229.98
1963 234.51
1964 242.66
1965 250.9
1966 257.82
1967 273.43
1968 285.22
1969 299.27
1970 318.77
1971 351.89
1972 376.28
1973 407.01
1974 452.23
1975 518.64
1976 606.32
1977 693.53
1978 776.46
1979 882.83
1980 1,034.24
1981 1,193.2
1982 1,386.07
1983 1,487.82
1984 1,579.63
1985 1,823.18
1986 2,064.08
1987 2,389.06
1988 2,541.36
1989 2,686.63
1990 2,850.47
1991 2,924.65
1992 2,954.32
1993 2,992.38
1994 3,044.61
1995 3,158.93
1996 3,231.14
1997 3,269.5
1998 3,310.86
1999 3,307.08
2000 3,393.57
2001 3,482.68
2002 3,575.91
2003 3,638.62
2004 3,721.95
2005 3,834.99
2006 3,964.05
2007 4,058.24
2008 4,218.91
2009 4,308.16
2010 4,407.34
2011 4,584.86
2012 4,633.46
2013 4,686.02
2014 4,743.54
2015 4,757.43
2016 4,788.17
2017 4,876.79
2018 4,954.74
2019 5,034.98
2020 5,121.31
2021 5,323.15
2022-Q1 5,554.17
Today 5,670.15

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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