Value of 1958 New Zealand Dollars today

$100 in 1958

$2,450.39 in 2019

The inflation rate in New Zealand between 1958 and today has been 2,350.39%, which translates into a total increase of $2,350.39. This means that 100 dollars in 1958 are equivalent to 2,450.39 dollars in 2019. In other words, the purchasing power of $100 in 1958 equals $2,450.39 today. The average annual inflation rate has been 5.29%.

Inflation timeline in New Zealand (1958-2019)

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 (1958-2019) 2,348.72%
Total Inflation* 2,350.39%
Annual inflation avg. (1958-2019) 5.38%
Annual inflation avg.* 5.29%
CPI 1958 4.28
CPI 2019 104.79
CPI today* 104.86
$1 in 1958 $24.49 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 61 years between 1958 and 2019 and the average inflation rate has been 5.2948%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $100 * (1 + 0.05)61 = $2,448.72

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 1958 was 4.28 and the CPI today is 104.86. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $100 *
104.79/4.28
= $2,448.72

New Zealand inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1958 $24.5 dollars today
$5 dollars in 1958 $122.52 dollars today
$10 dollars in 1958 $245.04 dollars today
$50 dollars in 1958 $1,225.2 dollars today
$100 dollars in 1958 $2,450.39 dollars today
$500 dollars in 1958 $12,251.97 dollars today
$1,000 dollars in 1958 $24,503.94 dollars today
$5,000 dollars in 1958 $122,519.72 dollars today
$10,000 dollars in 1958 $245,039.44 dollars today
$50,000 dollars in 1958 $1,225,197.2 dollars today
$100,000 dollars in 1958 $2,450,394.39 dollars today
$500,000 dollars in 1958 $12,251,971.97 dollars today
$1,000,000 dollars in 1958 $24,503,943.94 dollars today

Value of Dollar in time (by year)

Period Value
1958 100
1959 106.46
1960 107.68
1961 109.36
1962 111.7
1963 114.04
1964 116.57
1965 121.82
1966 124.72
1967 127.66
1968 136.04
1969 142.94
1970 148.6
1971 163.39
1972 178.3
1973 188.04
1974 207.13
1975 233.13
1976 269.74
1977 311.93
1978 359.73
1979 396.06
1980 461.53
1981 535.99
1982 620.14
1983 715.01
1984 740.74
1985 810.37
1986 934.07
1987 1,104.44
1988 1,210.37
1989 1,267.41
1990 1,358.66
1991 1,424.57
1992 1,438.51
1993 1,457.52
1994 1,477.8
1995 1,519.17
1996 1,563.51
1997 1,603.41
1998 1,616.71
1999 1,622.62
2000 1,630.87
2001 1,695.72
2002 1,726.52
2003 1,773.53
2004 1,801.09
2005 1,849.72
2006 1,908.08
2007 1,958.36
2008 2,020.71
2009 2,088.91
2010 2,129.83
2011 2,215.57
2012 2,256.49
2013 2,277.93
2014 2,314.95
2015 2,332.49
2016 2,334.44
2017 2,365.62
2018 2,403.33
2019 2,448.72
Today 2,450.39