Value of 1941 New Zealand Dollars today

$100 in 1941

$4,702.48 in 2019

The inflation rate in New Zealand between 1941 and today has been 4,602.48%, which translates into a total increase of $4,602.48. This means that 100 dollars in 1941 are equivalent to 4,702.48 dollars in 2019. In other words, the purchasing power of $100 in 1941 equals $4,702.48 today. The average annual inflation rate has been 5%.

Inflation timeline in New Zealand (1941-2019)

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 (1941-2019) 4,597.8%
Total Inflation* 4,602.48%
Annual inflation avg. (1941-2019) 5.06%
Annual inflation avg.* 5%
CPI 1941 2.23
CPI 2019 104.79
CPI today* 104.89
$1 in 1941 $46.98 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 78 years between 1941 and 2019 and the average inflation rate has been 4.995%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $100 * (1 + 0.05)78 = $4,697.8

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 1941 was 2.23 and the CPI today is 104.89. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $100 *
104.79/2.23
= $4,697.8

New Zealand inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1941 $47.02 dollars today
$5 dollars in 1941 $235.12 dollars today
$10 dollars in 1941 $470.25 dollars today
$50 dollars in 1941 $2,351.24 dollars today
$100 dollars in 1941 $4,702.48 dollars today
$500 dollars in 1941 $23,512.41 dollars today
$1,000 dollars in 1941 $47,024.82 dollars today
$5,000 dollars in 1941 $235,124.12 dollars today
$10,000 dollars in 1941 $470,248.24 dollars today
$50,000 dollars in 1941 $2,351,241.22 dollars today
$100,000 dollars in 1941 $4,702,482.44 dollars today
$500,000 dollars in 1941 $23,512,412.19 dollars today
$1,000,000 dollars in 1941 $47,024,824.37 dollars today

Value of Dollar in time (by year)

Period Value
1941 100
1942 103.8
1943 107.87
1944 109.39
1945 111.01
1946 112.43
1947 112.24
1948 123.62
1949 125.62
1950 127.88
1951 138.81
1952 155.39
1953 162.55
1954 171.59
1955 175.74
1956 180.13
1957 188.43
1958 191.85
1959 204.24
1960 206.58
1961 209.81
1962 214.3
1963 218.79
1964 223.64
1965 233.7
1966 239.27
1967 244.91
1968 260.98
1969 274.22
1970 285.09
1971 313.46
1972 342.06
1973 360.74
1974 397.38
1975 447.26
1976 517.48
1977 598.43
1978 690.12
1979 759.82
1980 885.43
1981 1,028.28
1982 1,189.72
1983 1,371.73
1984 1,421.09
1985 1,554.67
1986 1,791.99
1987 2,118.84
1988 2,322.06
1989 2,431.48
1990 2,606.55
1991 2,732.98
1992 2,759.73
1993 2,796.2
1994 2,835.1
1995 2,914.49
1996 2,999.54
1997 3,076.09
1998 3,101.6
1999 3,112.95
2000 3,128.77
2001 3,253.18
2002 3,312.27
2003 3,402.46
2004 3,455.33
2005 3,548.64
2006 3,660.6
2007 3,757.04
2008 3,876.67
2009 4,007.51
2010 4,086.02
2011 4,250.51
2012 4,329.01
2013 4,370.13
2014 4,441.16
2015 4,474.81
2016 4,478.55
2017 4,538.36
2018 4,610.72
2019 4,697.8
Today 4,702.48