Value of 1945 New Zealand Dollars today

$100 in 1945

$4,236.48 in 2019

The inflation rate in New Zealand between 1945 and today has been 4,136.48%, which translates into a total increase of $4,136.48. This means that 100 dollars in 1945 are equivalent to 4,236.48 dollars in 2019. In other words, the purchasing power of $100 in 1945 equals $4,236.48 today. The average annual inflation rate has been 5.12%.

Inflation timeline in New Zealand (1945-2019)

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 (1945-2019) 4,132.04%
Total Inflation* 4,136.48%
Annual inflation avg. (1945-2019) 5.19%
Annual inflation avg.* 5.12%
CPI 1945 2.48
CPI 2019 104.79
CPI today* 104.9
$1 in 1945 $42.32 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 74 years between 1945 and 2019 and the average inflation rate has been 5.1219%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $100 * (1 + 0.05)74 = $4,232.04

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 1945 was 2.48 and the CPI today is 104.9. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $100 *
104.79/2.48
= $4,232.04

New Zealand inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1945 $42.36 dollars today
$5 dollars in 1945 $211.82 dollars today
$10 dollars in 1945 $423.65 dollars today
$50 dollars in 1945 $2,118.24 dollars today
$100 dollars in 1945 $4,236.48 dollars today
$500 dollars in 1945 $21,182.38 dollars today
$1,000 dollars in 1945 $42,364.76 dollars today
$5,000 dollars in 1945 $211,823.8 dollars today
$10,000 dollars in 1945 $423,647.61 dollars today
$50,000 dollars in 1945 $2,118,238.04 dollars today
$100,000 dollars in 1945 $4,236,476.08 dollars today
$500,000 dollars in 1945 $21,182,380.4 dollars today
$1,000,000 dollars in 1945 $42,364,760.8 dollars today

Value of Dollar in time (by year)

Period Value
1945 100
1946 101.28
1947 101.11
1948 111.37
1949 113.16
1950 115.2
1951 125.04
1952 139.98
1953 146.43
1954 154.58
1955 158.31
1956 162.27
1957 169.75
1958 172.83
1959 183.99
1960 186.1
1961 189.01
1962 193.05
1963 197.1
1964 201.47
1965 210.53
1966 215.55
1967 220.62
1968 235.11
1969 247.03
1970 256.83
1971 282.38
1972 308.15
1973 324.97
1974 357.98
1975 402.92
1976 466.17
1977 539.1
1978 621.7
1979 684.49
1980 797.64
1981 926.33
1982 1,071.77
1983 1,235.73
1984 1,280.19
1985 1,400.53
1986 1,614.32
1987 1,908.77
1988 2,091.84
1989 2,190.41
1990 2,348.12
1991 2,462.02
1992 2,486.12
1993 2,518.97
1994 2,554.02
1995 2,625.53
1996 2,702.15
1997 2,771.11
1998 2,794.1
1999 2,804.31
2000 2,818.57
2001 2,930.64
2002 2,983.87
2003 3,065.12
2004 3,112.75
2005 3,196.81
2006 3,297.67
2007 3,384.55
2008 3,492.32
2009 3,610.19
2010 3,680.91
2011 3,829.09
2012 3,899.81
2013 3,936.86
2014 4,000.84
2015 4,031.15
2016 4,034.52
2017 4,088.4
2018 4,153.59
2019 4,232.04
Today 4,236.48