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Value of 1947 New Zealand Dollars today

$100 in 1947
$4,803.54 in 2022

The inflation rate in New Zealand between 1947 and today has been 4,703.54%, which translates into a total increase of $4,703.54. This means that 100 dollars in 1947 are equivalent to 4,803.54 dollars in 2022. In other words, the purchasing power of $100 in 1947 equals $4,803.54 today. The average annual inflation rate between these periods has been 5.3%.

Inflation timeline in New Zealand (1947 - 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 1947-2021 4,240.01%
Cumulative inflation 1947-today 4,703.54%
Avg. Annual inflation 1947-2021 5.23%
CPI 1947 2.58
CPI 2021 111.89
CPI 2022-Q2 (latest official data) 118.69
CPI today 123.84

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 1947 and 2021, use the corresponding CPI values:

Value2021
=Value1947 ×
CPI2021/CPI1947
=$ 100 ×
111.89/2.58
$4,340.01

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 123.84:

Valuetoday
=Value1947 ×
CPItoday/CPI1947
=$ 100 ×
123.84/2.58
$4,803.54

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 74 years between 1947 and 2021 and the average inflation rate was 5.2273%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.052273)74
$4,340.01

New Zealand inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1947 $43.4 dollars in 2021
$5 dollars in 1947 $217 dollars in 2021
$10 dollars in 1947 $434 dollars in 2021
$50 dollars in 1947 $2,170 dollars in 2021
$100 dollars in 1947 $4,340.01 dollars in 2021
$500 dollars in 1947 $21,700.04 dollars in 2021
$1,000 dollars in 1947 $43,400.08 dollars in 2021
$5,000 dollars in 1947 $217,000.38 dollars in 2021
$10,000 dollars in 1947 $434,000.77 dollars in 2021
$50,000 dollars in 1947 $2,170,003.83 dollars in 2021
$100,000 dollars in 1947 $4,340,007.66 dollars in 2021
$500,000 dollars in 1947 $21,700,038.32 dollars in 2021
$1,000,000 dollars in 1947 $43,400,076.64 dollars in 2021
Cumulative inflation From 1947 4,703.54%
Avg. annual inflation From 1947 5.3%
CPI 1947 2.58
CPI today 123.84

Value of Dollar over time (by year)

Period Value
1947 100
1948 107.82
1949 109.6
1950 115.85
1951 128.62
1952 138.59
1953 144.87
1954 151.55
1955 155.36
1956 160.77
1957 164.27
1958 171.58
1959 178.14
1960 179.39
1961 182.61
1962 187.51
1963 191.2
1964 197.84
1965 204.56
1966 210.2
1967 222.93
1968 232.54
1969 244
1970 259.9
1971 286.9
1972 306.79
1973 331.84
1974 368.7
1975 422.85
1976 494.34
1977 565.44
1978 633.05
1979 719.78
1980 843.22
1981 972.83
1982 1,130.07
1983 1,213.03
1984 1,287.89
1985 1,486.45
1986 1,682.86
1987 1,947.82
1988 2,072
1989 2,190.43
1990 2,324.01
1991 2,384.49
1992 2,408.69
1993 2,439.72
1994 2,482.3
1995 2,575.51
1996 2,634.38
1997 2,665.65
1998 2,699.38
1999 2,696.29
2000 2,766.81
2001 2,839.46
2002 2,915.47
2003 2,966.6
2004 3,034.54
2005 3,126.7
2006 3,231.93
2007 3,308.72
2008 3,439.71
2009 3,512.48
2010 3,593.34
2011 3,738.08
2012 3,777.7
2013 3,820.55
2014 3,867.45
2015 3,878.77
2016 3,903.84
2017 3,976.09
2018 4,039.64
2019 4,105.07
2020 4,175.45
2021 4,340.01
2022-Q2 4,603.7
Today 4,803.54

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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