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Value of 1949 New Zealand Dollars today

$100 in 1949
$4,383.46 in 2022

The inflation rate in New Zealand between 1949 and today has been 4,283.46%, which translates into a total increase of $4,283.46. This means that 100 dollars in 1949 are equivalent to 4,383.46 dollars in 2022. In other words, the purchasing power of $100 in 1949 equals $4,383.46 today. The average annual inflation rate between these periods has been 5.32%.

Inflation timeline in New Zealand (1949 - 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 1949-2021 3,859.71%
Cumulative inflation 1949-today 4,283.46%
Avg. Annual inflation 1949-2021 5.24%
CPI 1949 2.83
CPI 2021 111.89
CPI 2022-Q2 (latest official data) 118.69
CPI today 123.87

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 1949 and 2021, use the corresponding CPI values:

Value2021
=Value1949 ×
CPI2021/CPI1949
=$ 100 ×
111.89/2.83
$3,959.71

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 123.87:

Valuetoday
=Value1949 ×
CPItoday/CPI1949
=$ 100 ×
123.87/2.83
$4,383.46

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 72 years between 1949 and 2021 and the average inflation rate was 5.2422%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.052422)72
$3,959.71

New Zealand inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1949 $39.6 dollars in 2021
$5 dollars in 1949 $197.99 dollars in 2021
$10 dollars in 1949 $395.97 dollars in 2021
$50 dollars in 1949 $1,979.85 dollars in 2021
$100 dollars in 1949 $3,959.71 dollars in 2021
$500 dollars in 1949 $19,798.53 dollars in 2021
$1,000 dollars in 1949 $39,597.07 dollars in 2021
$5,000 dollars in 1949 $197,985.35 dollars in 2021
$10,000 dollars in 1949 $395,970.69 dollars in 2021
$50,000 dollars in 1949 $1,979,853.47 dollars in 2021
$100,000 dollars in 1949 $3,959,706.94 dollars in 2021
$500,000 dollars in 1949 $19,798,534.69 dollars in 2021
$1,000,000 dollars in 1949 $39,597,069.38 dollars in 2021
Cumulative inflation From 1949 4,283.46%
Avg. annual inflation From 1949 5.32%
CPI 1949 2.83
CPI today 123.87

Value of Dollar over time (by year)

Period Value
1949 100
1950 105.7
1951 117.35
1952 126.45
1953 132.18
1954 138.27
1955 141.75
1956 146.69
1957 149.88
1958 156.54
1959 162.53
1960 163.67
1961 166.61
1962 171.08
1963 174.44
1964 180.5
1965 186.64
1966 191.78
1967 203.4
1968 212.17
1969 222.62
1970 237.12
1971 261.76
1972 279.9
1973 302.76
1974 336.4
1975 385.8
1976 451.02
1977 515.9
1978 577.58
1979 656.7
1980 769.33
1981 887.58
1982 1,031.05
1983 1,106.74
1984 1,175.04
1985 1,356.2
1986 1,535.4
1987 1,777.14
1988 1,890.43
1989 1,998.49
1990 2,120.37
1991 2,175.55
1992 2,197.62
1993 2,225.93
1994 2,264.78
1995 2,349.82
1996 2,403.53
1997 2,432.07
1998 2,462.84
1999 2,460.02
2000 2,524.36
2001 2,590.64
2002 2,660
2003 2,706.64
2004 2,768.63
2005 2,852.72
2006 2,948.72
2007 3,018.79
2008 3,138.3
2009 3,204.7
2010 3,278.47
2011 3,410.52
2012 3,446.67
2013 3,485.77
2014 3,528.56
2015 3,538.89
2016 3,561.76
2017 3,627.68
2018 3,685.66
2019 3,745.35
2020 3,809.57
2021 3,959.71
2022-Q2 4,200.29
Today 4,383.46

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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