$

Value of 1940 New Zealand Dollars today

$100 in 1940
$5,443.04 in 2022

The inflation rate in New Zealand between 1940 and today has been 5,343.04%, which translates into a total increase of $5,343.04. This means that 100 dollars in 1940 are equivalent to 5,443.04 dollars in 2022. In other words, the purchasing power of $100 in 1940 equals $5,443.04 today. The average annual inflation rate between these periods has been 5%.

Inflation timeline in New Zealand (1940 - 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 1940-2021 5,010.89%
Cumulative inflation 1940-today 5,343.04%
Avg. Annual inflation 1940-2021 4.98%
CPI 1940 2.19
CPI 2021 111.89
CPI 2022-Q1 (latest official data) 116.75
CPI today 119.16

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 1940 and 2021, use the corresponding CPI values:

Value2021
=Value1940 ×
CPI2021/CPI1940
=$ 100 ×
111.89/2.19
$5,110.89

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 119.16:

Valuetoday
=Value1940 ×
CPItoday/CPI1940
=$ 100 ×
119.16/2.19
$5,443.04

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 81 years between 1940 and 2021 and the average inflation rate was 4.9766%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.049766)81
$5,110.89

New Zealand inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1940 $51.11 dollars in 2021
$5 dollars in 1940 $255.54 dollars in 2021
$10 dollars in 1940 $511.09 dollars in 2021
$50 dollars in 1940 $2,555.44 dollars in 2021
$100 dollars in 1940 $5,110.89 dollars in 2021
$500 dollars in 1940 $25,554.44 dollars in 2021
$1,000 dollars in 1940 $51,108.88 dollars in 2021
$5,000 dollars in 1940 $255,544.42 dollars in 2021
$10,000 dollars in 1940 $511,088.84 dollars in 2021
$50,000 dollars in 1940 $2,555,444.2 dollars in 2021
$100,000 dollars in 1940 $5,110,888.41 dollars in 2021
$500,000 dollars in 1940 $25,554,442.05 dollars in 2021
$1,000,000 dollars in 1940 $51,108,884.09 dollars in 2021
Cumulative inflation From 1940 5,343.04%
Avg. annual inflation From 1940 5%
CPI 1940 2.19
CPI today 119.16

Value of Dollar over time (by year)

Period Value
1940 100
1941 103.72
1942 107.1
1943 109.71
1944 111.62
1945 113.15
1946 114.02
1947 117.76
1948 126.97
1949 129.07
1950 136.43
1951 151.47
1952 163.21
1953 170.6
1954 178.47
1955 182.95
1956 189.33
1957 193.45
1958 202.05
1959 209.78
1960 211.25
1961 215.05
1962 220.81
1963 225.16
1964 232.98
1965 240.9
1966 247.54
1967 262.53
1968 273.85
1969 287.34
1970 306.06
1971 337.85
1972 361.28
1973 390.78
1974 434.2
1975 497.96
1976 582.15
1977 665.88
1978 745.49
1979 847.62
1980 993
1981 1,145.62
1982 1,330.8
1983 1,428.49
1984 1,516.65
1985 1,750.48
1986 1,981.78
1987 2,293.79
1988 2,440.03
1989 2,579.5
1990 2,736.81
1991 2,808.03
1992 2,836.52
1993 2,873.06
1994 2,923.21
1995 3,032.97
1996 3,102.3
1997 3,139.13
1998 3,178.84
1999 3,175.21
2000 3,258.25
2001 3,343.81
2002 3,433.32
2003 3,493.53
2004 3,573.54
2005 3,682.07
2006 3,805.99
2007 3,896.42
2008 4,050.68
2009 4,136.38
2010 4,231.6
2011 4,402.04
2012 4,448.7
2013 4,499.17
2014 4,554.4
2015 4,567.73
2016 4,597.24
2017 4,682.33
2018 4,757.17
2019 4,834.22
2020 4,917.1
2021 5,110.89
2022-Q1 5,332.7
Today 5,443.04

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 |

Other currencies: