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Value of 1944 New Zealand Dollars today

$100 in 1944
$5,061.86 in 2022

The inflation rate in New Zealand between 1944 and today has been 4,961.86%, which translates into a total increase of $4,961.86. This means that 100 dollars in 1944 are equivalent to 5,061.86 dollars in 2022. In other words, the purchasing power of $100 in 1944 equals $5,061.86 today. The average annual inflation rate between these periods has been 5.16%.

Inflation timeline in New Zealand (1944 - 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 1944-2021 4,478.67%
Cumulative inflation 1944-today 4,961.86%
Avg. Annual inflation 1944-2021 5.09%
CPI 1944 2.44
CPI 2021 111.89
CPI 2022-Q2 (latest official data) 118.69
CPI today 123.7

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 1944 and 2021, use the corresponding CPI values:

Value2021
=Value1944 ×
CPI2021/CPI1944
=$ 100 ×
111.89/2.44
$4,578.67

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 123.7:

Valuetoday
=Value1944 ×
CPItoday/CPI1944
=$ 100 ×
123.7/2.44
$5,061.86

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 77 years between 1944 and 2021 and the average inflation rate was 5.0916%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.050916)77
$4,578.67

New Zealand inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1944 $45.79 dollars in 2021
$5 dollars in 1944 $228.93 dollars in 2021
$10 dollars in 1944 $457.87 dollars in 2021
$50 dollars in 1944 $2,289.33 dollars in 2021
$100 dollars in 1944 $4,578.67 dollars in 2021
$500 dollars in 1944 $22,893.33 dollars in 2021
$1,000 dollars in 1944 $45,786.67 dollars in 2021
$5,000 dollars in 1944 $228,933.33 dollars in 2021
$10,000 dollars in 1944 $457,866.65 dollars in 2021
$50,000 dollars in 1944 $2,289,333.25 dollars in 2021
$100,000 dollars in 1944 $4,578,666.5 dollars in 2021
$500,000 dollars in 1944 $22,893,332.51 dollars in 2021
$1,000,000 dollars in 1944 $45,786,665.02 dollars in 2021
Cumulative inflation From 1944 4,961.86%
Avg. annual inflation From 1944 5.16%
CPI 1944 2.44
CPI today 123.7

Value of Dollar over time (by year)

Period Value
1944 100
1945 101.36
1946 102.14
1947 105.5
1948 113.75
1949 115.63
1950 122.22
1951 135.7
1952 146.22
1953 152.84
1954 159.89
1955 163.9
1956 169.62
1957 173.3
1958 181.01
1959 187.94
1960 189.25
1961 192.65
1962 197.82
1963 201.71
1964 208.72
1965 215.81
1966 221.76
1967 235.19
1968 245.33
1969 257.41
1970 274.19
1971 302.67
1972 323.66
1973 350.09
1974 388.98
1975 446.1
1976 521.52
1977 596.54
1978 667.86
1979 759.36
1980 889.59
1981 1,026.32
1982 1,192.21
1983 1,279.74
1984 1,358.71
1985 1,568.19
1986 1,775.4
1987 2,054.93
1988 2,185.94
1989 2,310.88
1990 2,451.81
1991 2,515.62
1992 2,541.14
1993 2,573.88
1994 2,618.8
1995 2,717.13
1996 2,779.24
1997 2,812.23
1998 2,847.82
1999 2,844.56
2000 2,918.95
2001 2,995.6
2002 3,075.8
2003 3,129.73
2004 3,201.41
2005 3,298.64
2006 3,409.65
2007 3,490.67
2008 3,628.86
2009 3,705.64
2010 3,790.94
2011 3,943.64
2012 3,985.44
2013 4,030.65
2014 4,080.12
2015 4,092.07
2016 4,118.51
2017 4,194.74
2018 4,261.78
2019 4,330.81
2020 4,405.06
2021 4,578.67
2022-Q2 4,856.86
Today 5,061.86

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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