Value of 1947 New Zealand Dollars today

$100 in 1947

$4,191.02 in 2019

The inflation rate in New Zealand between 1947 and today has been 4,091.02%, which translates into a total increase of $4,091.02. This means that 100 dollars in 1947 are equivalent to 4,191.02 dollars in 2019. In other words, the purchasing power of $100 in 1947 equals $4,191.02 today. The average annual inflation rate has been 5.25%.

Inflation timeline in New Zealand (1947-2019)

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 (1947-2019) 4,085.53%
Total Inflation* 4,091.02%
Annual inflation avg. (1947-2019) 5.32%
Annual inflation avg.* 5.25%
CPI 1947 2.5
CPI 2019 104.79
CPI today* 104.92
$1 in 1947 $41.86 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 72 years between 1947 and 2019 and the average inflation rate has been 5.2504%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $100 * (1 + 0.05)72 = $4,185.53

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 1947 was 2.5 and the CPI today is 104.92. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $100 *
104.79/2.5
= $4,185.53

New Zealand inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1947 $41.91 dollars today
$5 dollars in 1947 $209.55 dollars today
$10 dollars in 1947 $419.1 dollars today
$50 dollars in 1947 $2,095.51 dollars today
$100 dollars in 1947 $4,191.02 dollars today
$500 dollars in 1947 $20,955.1 dollars today
$1,000 dollars in 1947 $41,910.2 dollars today
$5,000 dollars in 1947 $209,551 dollars today
$10,000 dollars in 1947 $419,102 dollars today
$50,000 dollars in 1947 $2,095,510 dollars today
$100,000 dollars in 1947 $4,191,020.01 dollars today
$500,000 dollars in 1947 $20,955,100.03 dollars today
$1,000,000 dollars in 1947 $41,910,200.06 dollars today

Value of Dollar in time (by year)

Period Value
1947 100
1948 110.14
1949 111.92
1950 113.93
1951 123.67
1952 138.44
1953 144.82
1954 152.88
1955 156.57
1956 160.49
1957 167.89
1958 170.93
1959 181.97
1960 184.05
1961 186.93
1962 190.93
1963 194.93
1964 199.25
1965 208.22
1966 213.18
1967 218.2
1968 232.52
1969 244.32
1970 254.01
1971 279.28
1972 304.76
1973 321.4
1974 354.05
1975 398.49
1976 461.05
1977 533.18
1978 614.87
1979 676.97
1980 788.88
1981 916.15
1982 1,059.99
1983 1,222.15
1984 1,266.13
1985 1,385.14
1986 1,596.58
1987 1,887.79
1988 2,068.85
1989 2,166.34
1990 2,322.32
1991 2,434.97
1992 2,458.8
1993 2,491.29
1994 2,525.95
1995 2,596.68
1996 2,672.46
1997 2,740.66
1998 2,763.39
1999 2,773.5
2000 2,787.6
2001 2,898.43
2002 2,951.08
2003 3,031.44
2004 3,078.55
2005 3,161.68
2006 3,261.43
2007 3,347.36
2008 3,453.94
2009 3,570.52
2010 3,640.46
2011 3,787.01
2012 3,856.96
2013 3,893.59
2014 3,956.88
2015 3,986.85
2016 3,990.19
2017 4,043.48
2018 4,107.94
2019 4,185.53
Today 4,191.02