Value of 1963 New Zealand Dollars today

$100 in 1963

$2,145.09 today

The inflation rate in New Zealand between 1963 and today has been 2,045.09%, which translates into a total increase of $2,045.09. This means that 100 dollars in 1963 are equivalent to 2,145.09 dollars in 2018. In other words, the purchasing power of $100 in 1963 equals $2,145.09 today. The average annual inflation rate has been 5.63%.

Inflation timeline in New Zealand (1963-2019)

The following chart ilustrates the equivalence of $100 throughout the years due to inflation and CPI changes. All values are equivalent in terms of purchashing 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 (1963-2018) 2,007.36%
Total Inflation* 2,045.09%
Annual inflation avg. (1963-2018) 5.7%
Annual inflation avg.* 5.63%
CPI 1963 4.88
CPI 2018 102.84
CPI today* 104.69
$1 in 1963 $21.07 in 2018

* 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 55 years between 1963 and 2018 and the average inflation rate has been 5.6272%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $100 * (1 + 0.06)55 = $2,107.36

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 1963 was 4.88 and the CPI today is 104.69. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $100 *
102.84/4.88
= $2,107.36

New Zealand inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1963 $21.45 dollars today
$5 dollars in 1963 $107.25 dollars today
$10 dollars in 1963 $214.51 dollars today
$50 dollars in 1963 $1,072.54 dollars today
$100 dollars in 1963 $2,145.09 dollars today
$500 dollars in 1963 $10,725.43 dollars today
$1,000 dollars in 1963 $21,450.86 dollars today
$5,000 dollars in 1963 $107,254.28 dollars today
$10,000 dollars in 1963 $214,508.55 dollars today
$50,000 dollars in 1963 $1,072,542.77 dollars today
$100,000 dollars in 1963 $2,145,085.53 dollars today
$500,000 dollars in 1963 $10,725,427.66 dollars today
$1,000,000 dollars in 1963 $21,450,855.32 dollars today

Value of Dollar in time (by year)

Period Value
1963 100
1964 102.22
1965 106.81
1966 109.36
1967 111.94
1968 119.28
1969 125.33
1970 130.3
1971 143.27
1972 156.34
1973 164.88
1974 181.63
1975 204.42
1976 236.52
1977 273.52
1978 315.42
1979 347.28
1980 404.69
1981 469.98
1982 543.77
1983 626.96
1984 649.52
1985 710.57
1986 819.04
1987 968.43
1988 1,061.31
1989 1,111.32
1990 1,191.34
1991 1,249.13
1992 1,261.35
1993 1,278.02
1994 1,295.8
1995 1,332.08
1996 1,370.96
1997 1,405.94
1998 1,417.61
1999 1,422.79
2000 1,430.02
2001 1,486.88
2002 1,513.89
2003 1,555.11
2004 1,579.28
2005 1,621.93
2006 1,673.1
2007 1,717.18
2008 1,771.86
2009 1,831.66
2010 1,867.54
2011 1,942.72
2012 1,978.6
2013 1,997.4
2014 2,029.86
2015 2,045.24
2016 2,046.95
2017 2,074.28
2018 2,107.36
Today 2,145.09