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Value of 1961 New Zealand Dollars today

$100 in 1961
$2,628.97 in 2022

The inflation rate in New Zealand between 1961 and today has been 2,528.97%, which translates into a total increase of $2,528.97. This means that 100 dollars in 1961 are equivalent to 2,628.97 dollars in 2022. In other words, the purchasing power of $100 in 1961 equals $2,628.97 today. The average annual inflation rate between these periods has been 5.51%.

Inflation timeline in New Zealand (1961 - 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 1961-2021 2,276.65%
Cumulative inflation 1961-today 2,528.97%
Avg. Annual inflation 1961-2021 5.42%
CPI 1961 4.71
CPI 2021 111.89
CPI 2022-Q2 (latest official data) 118.69
CPI today 123.77

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 1961 and 2021, use the corresponding CPI values:

Value2021
=Value1961 ×
CPI2021/CPI1961
=$ 100 ×
111.89/4.71
$2,376.65

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 123.77:

Valuetoday
=Value1961 ×
CPItoday/CPI1961
=$ 100 ×
123.77/4.71
$2,628.97

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 60 years between 1961 and 2021 and the average inflation rate was 5.4224%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.054224)60
$2,376.65

New Zealand inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1961 $23.77 dollars in 2021
$5 dollars in 1961 $118.83 dollars in 2021
$10 dollars in 1961 $237.66 dollars in 2021
$50 dollars in 1961 $1,188.32 dollars in 2021
$100 dollars in 1961 $2,376.65 dollars in 2021
$500 dollars in 1961 $11,883.25 dollars in 2021
$1,000 dollars in 1961 $23,766.49 dollars in 2021
$5,000 dollars in 1961 $118,832.47 dollars in 2021
$10,000 dollars in 1961 $237,664.94 dollars in 2021
$50,000 dollars in 1961 $1,188,324.71 dollars in 2021
$100,000 dollars in 1961 $2,376,649.42 dollars in 2021
$500,000 dollars in 1961 $11,883,247.1 dollars in 2021
$1,000,000 dollars in 1961 $23,766,494.2 dollars in 2021
Cumulative inflation From 1961 2,528.97%
Avg. annual inflation From 1961 5.51%
CPI 1961 4.71
CPI today 123.77

Value of Dollar over time (by year)

Period Value
1961 100
1962 102.68
1963 104.7
1964 108.34
1965 112.02
1966 115.11
1967 122.08
1968 127.34
1969 133.62
1970 142.32
1971 157.11
1972 168
1973 181.72
1974 201.91
1975 231.56
1976 270.71
1977 309.64
1978 346.67
1979 394.16
1980 461.76
1981 532.73
1982 618.84
1983 664.27
1984 705.27
1985 814
1986 921.56
1987 1,066.65
1988 1,134.65
1989 1,199.51
1990 1,272.66
1991 1,305.78
1992 1,319.03
1993 1,336.02
1994 1,359.34
1995 1,410.38
1996 1,442.62
1997 1,459.75
1998 1,478.22
1999 1,476.53
2000 1,515.14
2001 1,554.93
2002 1,596.55
2003 1,624.55
2004 1,661.76
2005 1,712.22
2006 1,769.85
2007 1,811.9
2008 1,883.63
2009 1,923.49
2010 1,967.76
2011 2,047.02
2012 2,068.72
2013 2,092.19
2014 2,117.87
2015 2,124.07
2016 2,137.8
2017 2,177.36
2018 2,212.16
2019 2,247.99
2020 2,286.54
2021 2,376.65
2022-Q2 2,521.05
Today 2,628.97

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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