Value of 1948 New Zealand Dollars today

$100 in 1948

$3,804.85 in 2019

The inflation rate in New Zealand between 1948 and today has been 3,704.85%, which translates into a total increase of $3,704.85. This means that 100 dollars in 1948 are equivalent to 3,804.85 dollars in 2019. In other words, the purchasing power of $100 in 1948 equals $3,804.85 today. The average annual inflation rate has been 5.18%.

Inflation timeline in New Zealand (1948-2019)

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 (1948-2019) 3,700.06%
Total Inflation* 3,704.85%
Annual inflation avg. (1948-2019) 5.26%
Annual inflation avg.* 5.18%
CPI 1948 2.76
CPI 2019 104.79
CPI today* 104.92
$1 in 1948 $38 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 71 years between 1948 and 2019 and the average inflation rate has been 5.1839%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $100 * (1 + 0.05)71 = $3,800.06

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 1948 was 2.76 and the CPI today is 104.92. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $100 *
104.79/2.76
= $3,800.06

New Zealand inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1948 $38.05 dollars today
$5 dollars in 1948 $190.24 dollars today
$10 dollars in 1948 $380.48 dollars today
$50 dollars in 1948 $1,902.42 dollars today
$100 dollars in 1948 $3,804.85 dollars today
$500 dollars in 1948 $19,024.24 dollars today
$1,000 dollars in 1948 $38,048.47 dollars today
$5,000 dollars in 1948 $190,242.35 dollars today
$10,000 dollars in 1948 $380,484.71 dollars today
$50,000 dollars in 1948 $1,902,423.53 dollars today
$100,000 dollars in 1948 $3,804,847.06 dollars today
$500,000 dollars in 1948 $19,024,235.28 dollars today
$1,000,000 dollars in 1948 $38,048,470.57 dollars today

Value of Dollar in time (by year)

Period Value
1948 100
1949 101.61
1950 103.44
1951 112.28
1952 125.69
1953 131.49
1954 138.8
1955 142.15
1956 145.71
1957 152.42
1958 155.19
1959 165.21
1960 167.1
1961 169.72
1962 173.35
1963 176.98
1964 180.9
1965 189.04
1966 193.55
1967 198.1
1968 211.11
1969 221.82
1970 230.61
1971 253.56
1972 276.7
1973 291.8
1974 321.44
1975 361.79
1976 418.59
1977 484.08
1978 558.24
1979 614.62
1980 716.22
1981 831.78
1982 962.37
1983 1,109.6
1984 1,149.52
1985 1,257.58
1986 1,449.55
1987 1,713.94
1988 1,878.32
1989 1,966.83
1990 2,108.44
1991 2,210.72
1992 2,232.35
1993 2,261.85
1994 2,293.32
1995 2,357.54
1996 2,426.34
1997 2,488.26
1998 2,508.9
1999 2,518.07
2000 2,530.87
2001 2,631.5
2002 2,679.3
2003 2,752.26
2004 2,795.03
2005 2,870.5
2006 2,961.07
2007 3,039.08
2008 3,135.85
2009 3,241.69
2010 3,305.19
2011 3,438.25
2012 3,501.75
2013 3,535.01
2014 3,592.47
2015 3,619.68
2016 3,622.71
2017 3,671.09
2018 3,729.62
2019 3,800.06
Today 3,804.85