Value of 1942 New Zealand Dollars today

$100 in 1942

$4,531.02 in 2019

The inflation rate in New Zealand between 1942 and today has been 4,431.02%, which translates into a total increase of $4,431.02. This means that 100 dollars in 1942 are equivalent to 4,531.02 dollars in 2019. In other words, the purchasing power of $100 in 1942 equals $4,531.02 today. The average annual inflation rate has been 5.01%.

Inflation timeline in New Zealand (1942-2019)

The following chart ilustrates the equivalence of $100 throughout the years due to inflation and CPI changes. All values are equivalent in terms of purchashing 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 (1942-2019) 4,426.03%
Total Inflation* 4,431.02%
Annual inflation avg. (1942-2019) 5.08%
Annual inflation avg.* 5.01%
CPI 1942 2.32
CPI 2019 104.79
CPI today* 104.9
$1 in 1942 $45.26 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 77 years between 1942 and 2019 and the average inflation rate has been 5.0106%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $100 * (1 + 0.05)77 = $4,526.03

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 1942 was 2.32 and the CPI today is 104.9. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $100 *
104.79/2.32
= $4,526.03

New Zealand inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1942 $45.31 dollars today
$5 dollars in 1942 $226.55 dollars today
$10 dollars in 1942 $453.1 dollars today
$50 dollars in 1942 $2,265.51 dollars today
$100 dollars in 1942 $4,531.02 dollars today
$500 dollars in 1942 $22,655.11 dollars today
$1,000 dollars in 1942 $45,310.21 dollars today
$5,000 dollars in 1942 $226,551.05 dollars today
$10,000 dollars in 1942 $453,102.11 dollars today
$50,000 dollars in 1942 $2,265,510.53 dollars today
$100,000 dollars in 1942 $4,531,021.07 dollars today
$500,000 dollars in 1942 $22,655,105.34 dollars today
$1,000,000 dollars in 1942 $45,310,210.68 dollars today

Value of Dollar in time (by year)

Period Value
1942 100
1943 103.93
1944 105.39
1945 106.95
1946 108.32
1947 108.14
1948 119.1
1949 121.02
1950 123.2
1951 133.73
1952 149.71
1953 156.6
1954 165.32
1955 169.31
1956 173.55
1957 181.54
1958 184.83
1959 196.77
1960 199.02
1961 202.14
1962 206.47
1963 210.79
1964 215.46
1965 225.16
1966 230.52
1967 235.95
1968 251.44
1969 264.19
1970 274.67
1971 302
1972 329.56
1973 347.55
1974 382.85
1975 430.91
1976 498.56
1977 576.55
1978 664.89
1979 732.04
1980 853.05
1981 990.69
1982 1,146.22
1983 1,321.57
1984 1,369.13
1985 1,497.83
1986 1,726.47
1987 2,041.37
1988 2,237.15
1989 2,342.58
1990 2,511.24
1991 2,633.06
1992 2,658.83
1993 2,693.96
1994 2,731.45
1995 2,807.93
1996 2,889.87
1997 2,963.62
1998 2,988.2
1999 2,999.13
2000 3,014.37
2001 3,134.23
2002 3,191.16
2003 3,278.06
2004 3,329
2005 3,418.89
2006 3,526.76
2007 3,619.68
2008 3,734.93
2009 3,860.99
2010 3,936.62
2011 4,095.1
2012 4,170.73
2013 4,210.35
2014 4,278.78
2015 4,311.2
2016 4,314.8
2017 4,372.42
2018 4,442.14
2019 4,526.03
Today 4,531.02