Value of 1939 New Zealand Dollars today

$100 in 1939

$5,199.22 in 2019

The inflation rate in New Zealand between 1939 and today has been 5,099.22%, which translates into a total increase of $5,099.22. This means that 100 dollars in 1939 are equivalent to 5,199.22 dollars in 2019. In other words, the purchasing power of $100 in 1939 equals $5,199.22 today. The average annual inflation rate has been 5%.

Inflation timeline in New Zealand (1939-2019)

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 (1939-2019) 5,095.68%
Total Inflation* 5,099.22%
Annual inflation avg. (1939-2019) 5.06%
Annual inflation avg.* 5%
CPI 1939 2.02
CPI 2019 104.79
CPI today* 104.86
$1 in 1939 $51.96 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 80 years between 1939 and 2019 and the average inflation rate has been 4.9988%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $100 * (1 + 0.05)80 = $5,195.68

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 1939 was 2.02 and the CPI today is 104.86. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $100 *
104.79/2.02
= $5,195.68

New Zealand inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1939 $51.99 dollars today
$5 dollars in 1939 $259.96 dollars today
$10 dollars in 1939 $519.92 dollars today
$50 dollars in 1939 $2,599.61 dollars today
$100 dollars in 1939 $5,199.22 dollars today
$500 dollars in 1939 $25,996.11 dollars today
$1,000 dollars in 1939 $51,992.23 dollars today
$5,000 dollars in 1939 $259,961.13 dollars today
$10,000 dollars in 1939 $519,922.27 dollars today
$50,000 dollars in 1939 $2,599,611.34 dollars today
$100,000 dollars in 1939 $5,199,222.68 dollars today
$500,000 dollars in 1939 $25,996,113.39 dollars today
$1,000,000 dollars in 1939 $51,992,226.78 dollars today

Value of Dollar in time (by year)

Period Value
1939 100
1940 107.66
1941 110.6
1942 114.8
1943 119.31
1944 120.99
1945 122.77
1946 124.34
1947 124.13
1948 136.73
1949 138.93
1950 141.43
1951 153.52
1952 171.86
1953 179.78
1954 189.78
1955 194.36
1956 199.23
1957 208.4
1958 212.18
1959 225.89
1960 228.47
1961 232.05
1962 237.01
1963 241.98
1964 247.34
1965 258.47
1966 264.63
1967 270.86
1968 288.64
1969 303.28
1970 315.31
1971 346.68
1972 378.32
1973 398.97
1974 439.5
1975 494.66
1976 572.32
1977 661.86
1978 763.26
1979 840.35
1980 979.27
1981 1,137.26
1982 1,315.81
1983 1,517.11
1984 1,571.7
1985 1,719.43
1986 1,981.91
1987 2,343.4
1988 2,568.15
1989 2,689.17
1990 2,882.79
1991 3,022.63
1992 3,052.21
1993 3,092.55
1994 3,135.57
1995 3,223.37
1996 3,317.44
1997 3,402.1
1998 3,430.32
1999 3,442.86
2000 3,460.36
2001 3,597.95
2002 3,663.31
2003 3,763.06
2004 3,821.53
2005 3,924.73
2006 4,048.56
2007 4,155.22
2008 4,287.53
2009 4,432.24
2010 4,519.06
2011 4,700.98
2012 4,787.81
2013 4,833.29
2014 4,911.84
2015 4,949.05
2016 4,953.19
2017 5,019.34
2018 5,099.37
2019 5,195.68
Today 5,199.22