Value of 1943 New Zealand Dollars today

$100 in 1943

$4,357.84 in 2019

The inflation rate in New Zealand between 1943 and today has been 4,257.84%, which translates into a total increase of $4,257.84. This means that 100 dollars in 1943 are equivalent to 4,357.84 dollars in 2019. In other words, the purchasing power of $100 in 1943 equals $4,357.84 today. The average annual inflation rate has been 5.02%.

Inflation timeline in New Zealand (1943-2019)

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 (1943-2019) 4,254.87%
Total Inflation* 4,257.84%
Annual inflation avg. (1943-2019) 5.09%
Annual inflation avg.* 5.02%
CPI 1943 2.41
CPI 2019 104.79
CPI today* 104.86
$1 in 1943 $43.55 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 76 years between 1943 and 2019 and the average inflation rate has been 5.0242%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $100 * (1 + 0.05)76 = $4,354.87

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 1943 was 2.41 and the CPI today is 104.86. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $100 *
104.79/2.41
= $4,354.87

New Zealand inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1943 $43.58 dollars today
$5 dollars in 1943 $217.89 dollars today
$10 dollars in 1943 $435.78 dollars today
$50 dollars in 1943 $2,178.92 dollars today
$100 dollars in 1943 $4,357.84 dollars today
$500 dollars in 1943 $21,789.18 dollars today
$1,000 dollars in 1943 $43,578.36 dollars today
$5,000 dollars in 1943 $217,891.79 dollars today
$10,000 dollars in 1943 $435,783.59 dollars today
$50,000 dollars in 1943 $2,178,917.93 dollars today
$100,000 dollars in 1943 $4,357,835.86 dollars today
$500,000 dollars in 1943 $21,789,179.28 dollars today
$1,000,000 dollars in 1943 $43,578,358.55 dollars today

Value of Dollar in time (by year)

Period Value
1943 100
1944 101.41
1945 102.9
1946 104.22
1947 104.05
1948 114.6
1949 116.45
1950 118.54
1951 128.67
1952 144.04
1953 150.68
1954 159.07
1955 162.91
1956 166.98
1957 174.68
1958 177.84
1959 189.33
1960 191.5
1961 194.49
1962 198.66
1963 202.82
1964 207.32
1965 216.64
1966 221.8
1967 227.03
1968 241.93
1969 254.2
1970 264.28
1971 290.58
1972 317.09
1973 334.41
1974 368.37
1975 414.61
1976 479.7
1977 554.75
1978 639.74
1979 704.36
1980 820.79
1981 953.22
1982 1,102.87
1983 1,271.59
1984 1,317.35
1985 1,441.18
1986 1,661.18
1987 1,964.17
1988 2,152.55
1989 2,253.98
1990 2,416.27
1991 2,533.48
1992 2,558.27
1993 2,592.08
1994 2,628.15
1995 2,701.73
1996 2,780.58
1997 2,851.54
1998 2,875.19
1999 2,885.7
2000 2,900.37
2001 3,015.7
2002 3,070.48
2003 3,154.09
2004 3,203.1
2005 3,289.59
2006 3,393.38
2007 3,482.78
2008 3,593.68
2009 3,714.97
2010 3,787.74
2011 3,940.22
2012 4,013
2013 4,051.12
2014 4,116.96
2015 4,148.15
2016 4,151.62
2017 4,207.06
2018 4,274.14
2019 4,354.87
Today 4,357.84