Value of 1946 New Zealand Dollars today

$100 in 1946

$4,183.95 in 2019

The inflation rate in New Zealand between 1946 and today has been 4,083.95%, which translates into a total increase of $4,083.95. This means that 100 dollars in 1946 are equivalent to 4,183.95 dollars in 2019. In other words, the purchasing power of $100 in 1946 equals $4,183.95 today. The average annual inflation rate has been 5.18%.

Inflation timeline in New Zealand (1946-2019)

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 (1946-2019) 4,078.47%
Total Inflation* 4,083.95%
Annual inflation avg. (1946-2019) 5.25%
Annual inflation avg.* 5.18%
CPI 1946 2.51
CPI 2019 104.79
CPI today* 104.92
$1 in 1946 $41.78 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 73 years between 1946 and 2019 and the average inflation rate has been 5.1752%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $100 * (1 + 0.05)73 = $4,178.47

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 1946 was 2.51 and the CPI today is 104.92. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $100 *
104.79/2.51
= $4,178.47

New Zealand inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1946 $41.84 dollars today
$5 dollars in 1946 $209.2 dollars today
$10 dollars in 1946 $418.39 dollars today
$50 dollars in 1946 $2,091.97 dollars today
$100 dollars in 1946 $4,183.95 dollars today
$500 dollars in 1946 $20,919.73 dollars today
$1,000 dollars in 1946 $41,839.46 dollars today
$5,000 dollars in 1946 $209,197.29 dollars today
$10,000 dollars in 1946 $418,394.58 dollars today
$50,000 dollars in 1946 $2,091,972.88 dollars today
$100,000 dollars in 1946 $4,183,945.76 dollars today
$500,000 dollars in 1946 $20,919,728.79 dollars today
$1,000,000 dollars in 1946 $41,839,457.57 dollars today

Value of Dollar in time (by year)

Period Value
1946 100
1947 99.83
1948 109.96
1949 111.73
1950 113.74
1951 123.46
1952 138.21
1953 144.58
1954 152.62
1955 156.31
1956 160.22
1957 167.6
1958 170.64
1959 181.66
1960 183.74
1961 186.62
1962 190.61
1963 194.6
1964 198.92
1965 207.87
1966 212.82
1967 217.83
1968 232.13
1969 243.9
1970 253.58
1971 278.81
1972 304.25
1973 320.86
1974 353.45
1975 397.82
1976 460.27
1977 532.28
1978 613.83
1979 675.83
1980 787.54
1981 914.61
1982 1,058.2
1983 1,220.09
1984 1,263.99
1985 1,382.8
1986 1,593.89
1987 1,884.61
1988 2,065.36
1989 2,162.68
1990 2,318.4
1991 2,430.86
1992 2,454.65
1993 2,487.09
1994 2,521.69
1995 2,592.3
1996 2,667.95
1997 2,736.03
1998 2,758.73
1999 2,768.81
2000 2,782.89
2001 2,893.54
2002 2,946.1
2003 3,026.32
2004 3,073.35
2005 3,156.34
2006 3,255.93
2007 3,341.71
2008 3,448.11
2009 3,564.49
2010 3,634.32
2011 3,780.62
2012 3,850.45
2013 3,887.02
2014 3,950.2
2015 3,980.13
2016 3,983.45
2017 4,036.65
2018 4,101.01
2019 4,178.47
Today 4,183.95