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Value of 1948 New Zealand Dollars today

$100 in 1948
$4,287.68 in 2022

The inflation rate in New Zealand between 1948 and today has been 4,187.68%, which translates into a total increase of $4,187.68. This means that 100 dollars in 1948 are equivalent to 4,287.68 dollars in 2022. In other words, the purchasing power of $100 in 1948 equals $4,287.68 today. The average annual inflation rate between these periods has been 5.21%.

Inflation timeline in New Zealand (1948 - 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 1948-2021 3,925.29%
Cumulative inflation 1948-today 4,187.68%
Avg. Annual inflation 1948-2021 5.19%
CPI 1948 2.78
CPI 2021 111.89
CPI 2022-Q1 (latest official data) 116.75
CPI today 119.19

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 1948 and 2021, use the corresponding CPI values:

Value2021
=Value1948 ×
CPI2021/CPI1948
=$ 100 ×
111.89/2.78
$4,025.29

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 119.19:

Valuetoday
=Value1948 ×
CPItoday/CPI1948
=$ 100 ×
119.19/2.78
$4,287.68

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 73 years between 1948 and 2021 and the average inflation rate was 5.1922%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.051922)73
$4,025.29

New Zealand inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1948 $40.25 dollars in 2021
$5 dollars in 1948 $201.26 dollars in 2021
$10 dollars in 1948 $402.53 dollars in 2021
$50 dollars in 1948 $2,012.64 dollars in 2021
$100 dollars in 1948 $4,025.29 dollars in 2021
$500 dollars in 1948 $20,126.43 dollars in 2021
$1,000 dollars in 1948 $40,252.87 dollars in 2021
$5,000 dollars in 1948 $201,264.34 dollars in 2021
$10,000 dollars in 1948 $402,528.68 dollars in 2021
$50,000 dollars in 1948 $2,012,643.41 dollars in 2021
$100,000 dollars in 1948 $4,025,286.81 dollars in 2021
$500,000 dollars in 1948 $20,126,434.05 dollars in 2021
$1,000,000 dollars in 1948 $40,252,868.1 dollars in 2021
Cumulative inflation From 1948 4,187.68%
Avg. annual inflation From 1948 5.21%
CPI 1948 2.78
CPI today 119.19

Value of Dollar over time (by year)

Period Value
1948 100
1949 101.66
1950 107.45
1951 119.3
1952 128.54
1953 134.37
1954 140.56
1955 144.09
1956 149.12
1957 152.36
1958 159.13
1959 165.22
1960 166.38
1961 169.37
1962 173.91
1963 177.33
1964 183.49
1965 189.73
1966 194.96
1967 206.76
1968 215.68
1969 226.3
1970 241.05
1971 266.09
1972 284.54
1973 307.78
1974 341.97
1975 392.19
1976 458.49
1977 524.44
1978 587.14
1979 667.58
1980 782.08
1981 902.28
1982 1,048.12
1983 1,125.07
1984 1,194.5
1985 1,378.66
1986 1,560.83
1987 1,806.57
1988 1,921.74
1989 2,031.59
1990 2,155.49
1991 2,211.58
1992 2,234.02
1993 2,262.8
1994 2,302.29
1995 2,388.74
1996 2,443.34
1997 2,472.35
1998 2,503.63
1999 2,500.77
2000 2,566.17
2001 2,633.55
2002 2,704.05
2003 2,751.47
2004 2,814.49
2005 2,899.96
2006 2,997.56
2007 3,068.78
2008 3,190.28
2009 3,257.77
2010 3,332.77
2011 3,467.01
2012 3,503.75
2013 3,543.5
2014 3,587
2015 3,597.5
2016 3,620.74
2017 3,687.76
2018 3,746.7
2019 3,807.38
2020 3,872.66
2021 4,025.29
2022-Q1 4,199.98
Today 4,287.68

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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