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Value of 1941 New Zealand Dollars today

$100 in 1941
$5,902.31 in 2024

The inflation rate in New Zealand between 1941 and today has been 5,802.31%, which translates into a total increase of $5,802.31. This means that 100 dollars in 1941 are equivalent to 5,902.31 dollars in 2024. In other words, the purchasing power of $100 in 1941 equals $5,902.31 today. The average annual inflation rate between these periods has been 5.04%.

Inflation timeline in New Zealand (1941 - 2024)

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 1941-2023 5,483.69%
Cumulative inflation 1941-today 5,802.31%
Avg. Annual inflation 1941-2023 5.03%
CPI 1941 2.27
CPI 2023 126.79
CPI 2023-Q4 (latest official data) 128.71
CPI today 134.03

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 1941 and 2023, use the corresponding CPI values:

Value2023
=Value1941 ×
CPI2023/CPI1941
=$ 100 ×
126.79/2.27
$5,583.69

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 134.03:

Valuetoday
=Value1941 ×
CPItoday/CPI1941
=$ 100 ×
134.03/2.27
$5,902.31

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 1941 and 2023 and the average inflation rate was 5.0277%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=$100 × (1 + 0.050277)82
$5,583.69

New Zealand inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1941 $55.84 dollars in 2023
$5 dollars in 1941 $279.18 dollars in 2023
$10 dollars in 1941 $558.37 dollars in 2023
$50 dollars in 1941 $2,791.84 dollars in 2023
$100 dollars in 1941 $5,583.69 dollars in 2023
$500 dollars in 1941 $27,918.43 dollars in 2023
$1,000 dollars in 1941 $55,836.86 dollars in 2023
$5,000 dollars in 1941 $279,184.31 dollars in 2023
$10,000 dollars in 1941 $558,368.63 dollars in 2023
$50,000 dollars in 1941 $2,791,843.13 dollars in 2023
$100,000 dollars in 1941 $5,583,686.26 dollars in 2023
$500,000 dollars in 1941 $27,918,431.32 dollars in 2023
$1,000,000 dollars in 1941 $55,836,862.64 dollars in 2023
Cumulative inflation From 1941 5,802.31%
Avg. annual inflation From 1941 5.04%
CPI 1941 2.27
CPI today 134.03

Value of Dollar over time (by year)

Period Value
1941 100
1942 103.26
1943 105.78
1944 107.62
1945 109.09
1946 109.93
1947 113.54
1948 122.41
1949 124.44
1950 131.54
1951 146.03
1952 157.36
1953 164.48
1954 172.07
1955 176.39
1956 182.54
1957 186.51
1958 194.8
1959 202.26
1960 203.67
1961 207.33
1962 212.89
1963 217.08
1964 224.62
1965 232.25
1966 238.65
1967 253.11
1968 264.02
1969 277.03
1970 295.08
1971 325.73
1972 348.31
1973 376.76
1974 418.62
1975 480.09
1976 561.26
1977 641.99
1978 718.75
1979 817.21
1980 957.37
1981 1,104.52
1982 1,283.05
1983 1,377.24
1984 1,462.23
1985 1,687.67
1986 1,910.67
1987 2,211.49
1988 2,352.48
1989 2,486.95
1990 2,638.61
1991 2,707.28
1992 2,734.75
1993 2,769.98
1994 2,818.32
1995 2,924.15
1996 2,990.99
1997 3,026.49
1998 3,064.79
1999 3,061.28
2000 3,141.34
2001 3,223.83
2002 3,310.13
2003 3,368.18
2004 3,445.32
2005 3,549.95
2006 3,669.42
2007 3,756.62
2008 3,905.34
2009 3,987.96
2010 4,079.77
2011 4,244.09
2012 4,289.08
2013 4,337.73
2014 4,390.98
2015 4,403.83
2016 4,432.29
2017 4,514.33
2018 4,586.48
2019 4,660.76
2020 4,740.67
2021 4,927.51
2022 5,280.92
2023 5,583.69
2023-Q4 5,668.1
Today 5,902.31

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 | 2022 | 2023 |

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