Value of 1954 New Zealand Dollars today

$100 in 1954

$2,741.21 in 2019

The inflation rate in New Zealand between 1954 and today has been 2,641.21%, which translates into a total increase of $2,641.21. This means that 100 dollars in 1954 are equivalent to 2,741.21 dollars in 2019. In other words, the purchasing power of $100 in 1954 equals $2,741.21 today. The average annual inflation rate has been 5.14%.

Inflation timeline in New Zealand (1954-2019)

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 (1954-2019) 2,637.77%
Total Inflation* 2,641.21%
Annual inflation avg. (1954-2019) 5.22%
Annual inflation avg.* 5.14%
CPI 1954 3.83
CPI 2019 104.79
CPI today* 104.92
$1 in 1954 $27.38 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 65 years between 1954 and 2019 and the average inflation rate has been 5.1446%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $100 * (1 + 0.05)65 = $2,737.77

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 1954 was 3.83 and the CPI today is 104.92. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $100 *
104.79/3.83
= $2,737.77

New Zealand inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1954 $27.41 dollars today
$5 dollars in 1954 $137.06 dollars today
$10 dollars in 1954 $274.12 dollars today
$50 dollars in 1954 $1,370.61 dollars today
$100 dollars in 1954 $2,741.21 dollars today
$500 dollars in 1954 $13,706.07 dollars today
$1,000 dollars in 1954 $27,412.14 dollars today
$5,000 dollars in 1954 $137,060.7 dollars today
$10,000 dollars in 1954 $274,121.4 dollars today
$50,000 dollars in 1954 $1,370,607 dollars today
$100,000 dollars in 1954 $2,741,214 dollars today
$500,000 dollars in 1954 $13,706,070.02 dollars today
$1,000,000 dollars in 1954 $27,412,140.05 dollars today

Value of Dollar in time (by year)

Period Value
1954 100
1955 102.42
1956 104.98
1957 109.81
1958 111.8
1959 119.03
1960 120.39
1961 122.27
1962 124.89
1963 127.51
1964 130.33
1965 136.2
1966 139.44
1967 142.73
1968 152.09
1969 159.81
1970 166.15
1971 182.68
1972 199.35
1973 210.23
1974 231.58
1975 260.65
1976 301.58
1977 348.75
1978 402.19
1979 442.81
1980 516.01
1981 599.26
1982 693.34
1983 799.41
1984 828.18
1985 906.02
1986 1,044.33
1987 1,234.81
1988 1,353.24
1989 1,417.01
1990 1,519.03
1991 1,592.72
1992 1,608.31
1993 1,629.56
1994 1,652.23
1995 1,698.49
1996 1,748.06
1997 1,792.67
1998 1,807.54
1999 1,814.15
2000 1,823.37
2001 1,895.87
2002 1,930.31
2003 1,982.87
2004 2,013.69
2005 2,068.06
2006 2,133.31
2007 2,189.52
2008 2,259.23
2009 2,335.48
2010 2,381.24
2011 2,477.1
2012 2,522.85
2013 2,546.81
2014 2,588.2
2015 2,607.81
2016 2,609.99
2017 2,644.85
2018 2,687.02
2019 2,737.77
Today 2,741.21