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Value of 1957 New Zealand Dollars today

$100 in 1957
$2,815.76 in 2022

The inflation rate in New Zealand between 1957 and today has been 2,715.76%, which translates into a total increase of $2,715.76. This means that 100 dollars in 1957 are equivalent to 2,815.76 dollars in 2022. In other words, the purchasing power of $100 in 1957 equals $2,815.76 today. The average annual inflation rate between these periods has been 5.27%.

Inflation timeline in New Zealand (1957 - 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 1957-2021 2,541.97%
Cumulative inflation 1957-today 2,715.76%
Avg. Annual inflation 1957-2021 5.25%
CPI 1957 4.24
CPI 2021 111.89
CPI 2022-Q1 (latest official data) 116.75
CPI today 119.25

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 1957 and 2021, use the corresponding CPI values:

Value2021
=Value1957 ×
CPI2021/CPI1957
=$ 100 ×
111.89/4.24
$2,641.97

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 119.25:

Valuetoday
=Value1957 ×
CPItoday/CPI1957
=$ 100 ×
119.25/4.24
$2,815.76

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 64 years between 1957 and 2021 and the average inflation rate was 5.2489%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.052489)64
$2,641.97

New Zealand inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1957 $26.42 dollars in 2021
$5 dollars in 1957 $132.1 dollars in 2021
$10 dollars in 1957 $264.2 dollars in 2021
$50 dollars in 1957 $1,320.99 dollars in 2021
$100 dollars in 1957 $2,641.97 dollars in 2021
$500 dollars in 1957 $13,209.85 dollars in 2021
$1,000 dollars in 1957 $26,419.7 dollars in 2021
$5,000 dollars in 1957 $132,098.52 dollars in 2021
$10,000 dollars in 1957 $264,197.03 dollars in 2021
$50,000 dollars in 1957 $1,320,985.16 dollars in 2021
$100,000 dollars in 1957 $2,641,970.31 dollars in 2021
$500,000 dollars in 1957 $13,209,851.56 dollars in 2021
$1,000,000 dollars in 1957 $26,419,703.12 dollars in 2021
Cumulative inflation From 1957 2,715.76%
Avg. annual inflation From 1957 5.27%
CPI 1957 4.24
CPI today 119.25

Value of Dollar over time (by year)

Period Value
1957 100
1958 104.45
1959 108.44
1960 109.2
1961 111.16
1962 114.14
1963 116.39
1964 120.44
1965 124.53
1966 127.96
1967 135.71
1968 141.56
1969 148.53
1970 158.21
1971 174.65
1972 186.75
1973 202.01
1974 224.45
1975 257.41
1976 300.93
1977 344.21
1978 385.37
1979 438.16
1980 513.31
1981 592.21
1982 687.93
1983 738.43
1984 784
1985 904.87
1986 1,024.44
1987 1,185.73
1988 1,261.32
1989 1,333.42
1990 1,414.74
1991 1,451.56
1992 1,466.28
1993 1,485.17
1994 1,511.09
1995 1,567.83
1996 1,603.67
1997 1,622.71
1998 1,643.24
1999 1,641.36
2000 1,684.29
2001 1,728.51
2002 1,774.79
2003 1,805.91
2004 1,847.27
2005 1,903.37
2006 1,967.43
2007 2,014.18
2008 2,093.92
2009 2,138.22
2010 2,187.44
2011 2,275.55
2012 2,299.67
2013 2,325.75
2014 2,354.3
2015 2,361.19
2016 2,376.45
2017 2,420.44
2018 2,459.12
2019 2,498.95
2020 2,541.8
2021 2,641.97
2022-Q1 2,756.63
Today 2,815.76

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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