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Value of 1950 New Zealand Dollars today

$100 in 1950
$4,143.84 in 2022

The inflation rate in New Zealand between 1950 and today has been 4,043.84%, which translates into a total increase of $4,043.84. This means that 100 dollars in 1950 are equivalent to 4,143.84 dollars in 2022. In other words, the purchasing power of $100 in 1950 equals $4,143.84 today. The average annual inflation rate between these periods has been 5.31%.

Inflation timeline in New Zealand (1950 - 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 1950-2021 3,646.12%
Cumulative inflation 1950-today 4,043.84%
Avg. Annual inflation 1950-2021 5.24%
CPI 1950 2.99
CPI 2021 111.89
CPI 2022-Q2 (latest official data) 118.69
CPI today 123.77

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 1950 and 2021, use the corresponding CPI values:

Value2021
=Value1950 ×
CPI2021/CPI1950
=$ 100 ×
111.89/2.99
$3,746.12

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 123.77:

Valuetoday
=Value1950 ×
CPItoday/CPI1950
=$ 100 ×
123.77/2.99
$4,143.84

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 71 years between 1950 and 2021 and the average inflation rate was 5.2357%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.052357)71
$3,746.12

New Zealand inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1950 $37.46 dollars in 2021
$5 dollars in 1950 $187.31 dollars in 2021
$10 dollars in 1950 $374.61 dollars in 2021
$50 dollars in 1950 $1,873.06 dollars in 2021
$100 dollars in 1950 $3,746.12 dollars in 2021
$500 dollars in 1950 $18,730.6 dollars in 2021
$1,000 dollars in 1950 $37,461.21 dollars in 2021
$5,000 dollars in 1950 $187,306.03 dollars in 2021
$10,000 dollars in 1950 $374,612.05 dollars in 2021
$50,000 dollars in 1950 $1,873,060.25 dollars in 2021
$100,000 dollars in 1950 $3,746,120.51 dollars in 2021
$500,000 dollars in 1950 $18,730,602.53 dollars in 2021
$1,000,000 dollars in 1950 $37,461,205.05 dollars in 2021
Cumulative inflation From 1950 4,043.84%
Avg. annual inflation From 1950 5.31%
CPI 1950 2.99
CPI today 123.77

Value of Dollar over time (by year)

Period Value
1950 100
1951 111.02
1952 119.63
1953 125.05
1954 130.82
1955 134.1
1956 138.77
1957 141.79
1958 148.1
1959 153.77
1960 154.84
1961 157.62
1962 161.85
1963 165.03
1964 170.77
1965 176.57
1966 181.44
1967 192.42
1968 200.72
1969 210.61
1970 224.33
1971 247.64
1972 264.8
1973 286.43
1974 318.25
1975 364.99
1976 426.69
1977 488.07
1978 546.42
1979 621.28
1980 727.84
1981 839.71
1982 975.43
1983 1,047.04
1984 1,111.66
1985 1,283.05
1986 1,452.58
1987 1,681.28
1988 1,788.46
1989 1,890.69
1990 2,006
1991 2,058.2
1992 2,079.08
1993 2,105.86
1994 2,142.62
1995 2,223.07
1996 2,273.89
1997 2,300.88
1998 2,329.99
1999 2,327.33
2000 2,388.2
2001 2,450.91
2002 2,516.52
2003 2,560.65
2004 2,619.29
2005 2,698.84
2006 2,789.67
2007 2,855.95
2008 2,969.02
2009 3,031.83
2010 3,101.63
2011 3,226.56
2012 3,260.76
2013 3,297.75
2014 3,338.23
2015 3,348
2016 3,369.63
2017 3,432
2018 3,486.85
2019 3,543.33
2020 3,604.08
2021 3,746.12
2022-Q2 3,973.73
Today 4,143.84

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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