Value of 1955 New Zealand Dollars today

$100 in 1955

$2,675.71 in 2019

The inflation rate in New Zealand between 1955 and today has been 2,575.71%, which translates into a total increase of $2,575.71. This means that 100 dollars in 1955 are equivalent to 2,675.71 dollars in 2019. In other words, the purchasing power of $100 in 1955 equals $2,675.71 today. The average annual inflation rate has been 5.19%.

Inflation timeline in New Zealand (1955-2019)

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 (1955-2019) 2,573.19%
Total Inflation* 2,575.71%
Annual inflation avg. (1955-2019) 5.27%
Annual inflation avg.* 5.19%
CPI 1955 3.92
CPI 2019 104.79
CPI today* 104.89
$1 in 1955 $26.73 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 64 years between 1955 and 2019 and the average inflation rate has been 5.1866%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $100 * (1 + 0.05)64 = $2,673.19

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 1955 was 3.92 and the CPI today is 104.89. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $100 *
104.79/3.92
= $2,673.19

New Zealand inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1955 $26.76 dollars today
$5 dollars in 1955 $133.79 dollars today
$10 dollars in 1955 $267.57 dollars today
$50 dollars in 1955 $1,337.86 dollars today
$100 dollars in 1955 $2,675.71 dollars today
$500 dollars in 1955 $13,378.56 dollars today
$1,000 dollars in 1955 $26,757.13 dollars today
$5,000 dollars in 1955 $133,785.63 dollars today
$10,000 dollars in 1955 $267,571.25 dollars today
$50,000 dollars in 1955 $1,337,856.25 dollars today
$100,000 dollars in 1955 $2,675,712.5 dollars today
$500,000 dollars in 1955 $13,378,562.5 dollars today
$1,000,000 dollars in 1955 $26,757,125 dollars today

Value of Dollar in time (by year)

Period Value
1955 100
1956 102.5
1957 107.22
1958 109.17
1959 116.22
1960 117.55
1961 119.39
1962 121.94
1963 124.5
1964 127.26
1965 132.98
1966 136.15
1967 139.36
1968 148.51
1969 156.04
1970 162.23
1971 178.37
1972 194.64
1973 205.27
1974 226.12
1975 254.5
1976 294.46
1977 340.53
1978 392.7
1979 432.36
1980 503.83
1981 585.12
1982 676.99
1983 780.55
1984 808.64
1985 884.65
1986 1,019.7
1987 1,205.68
1988 1,321.32
1989 1,383.58
1990 1,483.2
1991 1,555.15
1992 1,570.37
1993 1,591.12
1994 1,613.26
1995 1,658.43
1996 1,706.83
1997 1,750.39
1998 1,764.91
1999 1,771.36
2000 1,780.36
2001 1,851.15
2002 1,884.78
2003 1,936.1
2004 1,966.19
2005 2,019.28
2006 2,082.99
2007 2,137.87
2008 2,205.94
2009 2,280.39
2010 2,325.07
2011 2,418.67
2012 2,463.34
2013 2,486.74
2014 2,527.15
2015 2,546.3
2016 2,548.43
2017 2,582.46
2018 2,623.64
2019 2,673.19
Today 2,675.71