Value of 1957 New Zealand Dollars today

$100 in 1957

$2,495.69 in 2019

The inflation rate in New Zealand between 1957 and today has been 2,395.69%, which translates into a total increase of $2,395.69. This means that 100 dollars in 1957 are equivalent to 2,495.69 dollars in 2019. In other words, the purchasing power of $100 in 1957 equals $2,495.69 today. The average annual inflation rate has been 5.24%.

Inflation timeline in New Zealand (1957-2019)

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 (1957-2019) 2,393.08%
Total Inflation* 2,395.69%
Annual inflation avg. (1957-2019) 5.32%
Annual inflation avg.* 5.24%
CPI 1957 4.2
CPI 2019 104.79
CPI today* 104.9
$1 in 1957 $24.93 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 62 years between 1957 and 2019 and the average inflation rate has been 5.2392%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $100 * (1 + 0.05)62 = $2,493.08

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 1957 was 4.2 and the CPI today is 104.9. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $100 *
104.79/4.2
= $2,493.08

New Zealand inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1957 $24.96 dollars today
$5 dollars in 1957 $124.78 dollars today
$10 dollars in 1957 $249.57 dollars today
$50 dollars in 1957 $1,247.85 dollars today
$100 dollars in 1957 $2,495.69 dollars today
$500 dollars in 1957 $12,478.46 dollars today
$1,000 dollars in 1957 $24,956.92 dollars today
$5,000 dollars in 1957 $124,784.62 dollars today
$10,000 dollars in 1957 $249,569.24 dollars today
$50,000 dollars in 1957 $1,247,846.22 dollars today
$100,000 dollars in 1957 $2,495,692.44 dollars today
$500,000 dollars in 1957 $12,478,462.19 dollars today
$1,000,000 dollars in 1957 $24,956,924.38 dollars today

Value of Dollar in time (by year)

Period Value
1957 100
1958 101.81
1959 108.39
1960 109.63
1961 111.34
1962 113.73
1963 116.11
1964 118.68
1965 124.02
1966 126.98
1967 129.97
1968 138.5
1969 145.53
1970 151.3
1971 166.35
1972 181.53
1973 191.44
1974 210.89
1975 237.36
1976 274.62
1977 317.58
1978 366.24
1979 403.23
1980 469.89
1981 545.7
1982 631.37
1983 727.96
1984 754.16
1985 825.05
1986 950.99
1987 1,124.45
1988 1,232.29
1989 1,290.36
1990 1,383.27
1991 1,450.37
1992 1,464.56
1993 1,483.92
1994 1,504.56
1995 1,546.69
1996 1,591.83
1997 1,632.45
1998 1,645.99
1999 1,652.01
2000 1,660.41
2001 1,726.43
2002 1,757.79
2003 1,805.65
2004 1,833.71
2005 1,883.23
2006 1,942.64
2007 1,993.83
2008 2,057.31
2009 2,126.75
2010 2,168.41
2011 2,255.7
2012 2,297.36
2013 2,319.19
2014 2,356.88
2015 2,374.74
2016 2,376.72
2017 2,408.46
2018 2,446.86
2019 2,493.08
Today 2,495.69