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Value of 1942 New Zealand Dollars today

$100 in 1942
$5,085.75 in 2022

The inflation rate in New Zealand between 1942 and today has been 4,985.75%, which translates into a total increase of $4,985.75. This means that 100 dollars in 1942 are equivalent to 5,085.75 dollars in 2022. In other words, the purchasing power of $100 in 1942 equals $5,085.75 today. The average annual inflation rate between these periods has been 5.03%.

Inflation timeline in New Zealand (1942 - 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 1942-2021 4,671.85%
Cumulative inflation 1942-today 4,985.75%
Avg. Annual inflation 1942-2021 5.01%
CPI 1942 2.34
CPI 2021 111.89
CPI 2022-Q1 (latest official data) 116.75
CPI today 119.25

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 1942 and 2021, use the corresponding CPI values:

Value2021
=Value1942 ×
CPI2021/CPI1942
=$ 100 ×
111.89/2.34
$4,771.85

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 119.25:

Valuetoday
=Value1942 ×
CPItoday/CPI1942
=$ 100 ×
119.25/2.34
$5,085.75

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 79 years between 1942 and 2021 and the average inflation rate was 5.0145%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.050145)79
$4,771.85

New Zealand inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1942 $47.72 dollars in 2021
$5 dollars in 1942 $238.59 dollars in 2021
$10 dollars in 1942 $477.19 dollars in 2021
$50 dollars in 1942 $2,385.93 dollars in 2021
$100 dollars in 1942 $4,771.85 dollars in 2021
$500 dollars in 1942 $23,859.27 dollars in 2021
$1,000 dollars in 1942 $47,718.54 dollars in 2021
$5,000 dollars in 1942 $238,592.72 dollars in 2021
$10,000 dollars in 1942 $477,185.44 dollars in 2021
$50,000 dollars in 1942 $2,385,927.18 dollars in 2021
$100,000 dollars in 1942 $4,771,854.36 dollars in 2021
$500,000 dollars in 1942 $23,859,271.81 dollars in 2021
$1,000,000 dollars in 1942 $47,718,543.61 dollars in 2021
Cumulative inflation From 1942 4,985.75%
Avg. annual inflation From 1942 5.03%
CPI 1942 2.34
CPI today 119.25

Value of Dollar over time (by year)

Period Value
1942 100
1943 102.44
1944 104.22
1945 105.64
1946 106.45
1947 109.95
1948 118.55
1949 120.51
1950 127.38
1951 141.42
1952 152.39
1953 159.29
1954 166.64
1955 170.82
1956 176.77
1957 180.62
1958 188.65
1959 195.87
1960 197.24
1961 200.78
1962 206.16
1963 210.22
1964 217.53
1965 224.92
1966 231.11
1967 245.11
1968 255.68
1969 268.28
1970 285.76
1971 315.44
1972 337.31
1973 364.86
1974 405.39
1975 464.92
1976 543.53
1977 621.71
1978 696.04
1979 791.4
1980 927.13
1981 1,069.63
1982 1,242.52
1983 1,333.73
1984 1,416.04
1985 1,634.36
1986 1,850.31
1987 2,141.63
1988 2,278.17
1989 2,408.39
1990 2,555.26
1991 2,621.76
1992 2,648.36
1993 2,682.48
1994 2,729.3
1995 2,831.78
1996 2,896.51
1997 2,930.89
1998 2,967.97
1999 2,964.58
2000 3,042.11
2001 3,121.99
2002 3,205.57
2003 3,261.78
2004 3,336.49
2005 3,437.82
2006 3,553.51
2007 3,637.95
2008 3,781.97
2009 3,861.99
2010 3,950.89
2011 4,110.03
2012 4,153.59
2013 4,200.71
2014 4,252.28
2015 4,264.72
2016 4,292.28
2017 4,371.73
2018 4,441.6
2019 4,513.54
2020 4,590.92
2021 4,771.85
2022-Q1 4,978.95
Today 5,085.75

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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