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Value of 1945 New Zealand Dollars today

$100 in 1945
$4,814.19 in 2022

The inflation rate in New Zealand between 1945 and today has been 4,714.19%, which translates into a total increase of $4,714.19. This means that 100 dollars in 1945 are equivalent to 4,814.19 dollars in 2022. In other words, the purchasing power of $100 in 1945 equals $4,814.19 today. The average annual inflation rate between these periods has been 5.16%.

Inflation timeline in New Zealand (1945 - 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 1945-2021 4,417.06%
Cumulative inflation 1945-today 4,714.19%
Avg. Annual inflation 1945-2021 5.14%
CPI 1945 2.48
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 1945 and 2021, use the corresponding CPI values:

Value2021
=Value1945 ×
CPI2021/CPI1945
=$ 100 ×
111.89/2.48
$4,517.06

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

Valuetoday
=Value1945 ×
CPItoday/CPI1945
=$ 100 ×
119.25/2.48
$4,814.19

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 76 years between 1945 and 2021 and the average inflation rate was 5.1416%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.051416)76
$4,517.06

New Zealand inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1945 $45.17 dollars in 2021
$5 dollars in 1945 $225.85 dollars in 2021
$10 dollars in 1945 $451.71 dollars in 2021
$50 dollars in 1945 $2,258.53 dollars in 2021
$100 dollars in 1945 $4,517.06 dollars in 2021
$500 dollars in 1945 $22,585.29 dollars in 2021
$1,000 dollars in 1945 $45,170.57 dollars in 2021
$5,000 dollars in 1945 $225,852.86 dollars in 2021
$10,000 dollars in 1945 $451,705.72 dollars in 2021
$50,000 dollars in 1945 $2,258,528.58 dollars in 2021
$100,000 dollars in 1945 $4,517,057.15 dollars in 2021
$500,000 dollars in 1945 $22,585,285.76 dollars in 2021
$1,000,000 dollars in 1945 $45,170,571.53 dollars in 2021
Cumulative inflation From 1945 4,714.19%
Avg. annual inflation From 1945 5.16%
CPI 1945 2.48
CPI today 119.25

Value of Dollar over time (by year)

Period Value
1945 100
1946 100.77
1947 104.08
1948 112.22
1949 114.08
1950 120.58
1951 133.87
1952 144.25
1953 150.78
1954 157.74
1955 161.7
1956 167.33
1957 170.97
1958 178.58
1959 185.41
1960 186.7
1961 190.06
1962 195.16
1963 199
1964 205.91
1965 212.91
1966 218.77
1967 232.03
1968 242.03
1969 253.95
1970 270.5
1971 298.6
1972 319.3
1973 345.38
1974 383.75
1975 440.1
1976 514.51
1977 588.51
1978 658.88
1979 749.14
1980 877.62
1981 1,012.51
1982 1,176.17
1983 1,262.52
1984 1,340.43
1985 1,547.09
1986 1,751.52
1987 2,027.28
1988 2,156.52
1989 2,279.79
1990 2,418.82
1991 2,481.77
1992 2,506.95
1993 2,539.24
1994 2,583.56
1995 2,680.57
1996 2,741.84
1997 2,774.39
1998 2,809.5
1999 2,806.29
2000 2,879.68
2001 2,955.29
2002 3,034.41
2003 3,087.62
2004 3,158.33
2005 3,254.25
2006 3,363.77
2007 3,443.7
2008 3,580.03
2009 3,655.77
2010 3,739.93
2011 3,890.57
2012 3,931.81
2013 3,976.41
2014 4,025.22
2015 4,037
2016 4,063.09
2017 4,138.29
2018 4,204.44
2019 4,272.53
2020 4,345.79
2021 4,517.06
2022-Q1 4,713.09
Today 4,814.19

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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