$

Value of 1972 New Zealand Dollars today

$100 in 1972
$1,506.89 in 2022

The inflation rate in New Zealand between 1972 and today has been 1,406.89%, which translates into a total increase of $1,406.89. This means that 100 dollars in 1972 are equivalent to 1,506.89 dollars in 2022. In other words, the purchasing power of $100 in 1972 equals $1,506.89 today. The average annual inflation rate between these periods has been 5.58%.

Inflation timeline in New Zealand (1972 - 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 1972-2021 1,314.67%
Cumulative inflation 1972-today 1,406.89%
Avg. Annual inflation 1972-2021 5.56%
CPI 1972 7.91
CPI 2021 111.89
CPI 2022-Q1 (latest official data) 116.75
CPI today 119.19

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 1972 and 2021, use the corresponding CPI values:

Value2021
=Value1972 ×
CPI2021/CPI1972
=$ 100 ×
111.89/7.91
$1,414.67

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 119.19:

Valuetoday
=Value1972 ×
CPItoday/CPI1972
=$ 100 ×
119.19/7.91
$1,506.89

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 49 years between 1972 and 2021 and the average inflation rate was 5.556%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.05556)49
$1,414.67

New Zealand inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1972 $14.15 dollars in 2021
$5 dollars in 1972 $70.73 dollars in 2021
$10 dollars in 1972 $141.47 dollars in 2021
$50 dollars in 1972 $707.34 dollars in 2021
$100 dollars in 1972 $1,414.67 dollars in 2021
$500 dollars in 1972 $7,073.36 dollars in 2021
$1,000 dollars in 1972 $14,146.72 dollars in 2021
$5,000 dollars in 1972 $70,733.61 dollars in 2021
$10,000 dollars in 1972 $141,467.21 dollars in 2021
$50,000 dollars in 1972 $707,336.07 dollars in 2021
$100,000 dollars in 1972 $1,414,672.14 dollars in 2021
$500,000 dollars in 1972 $7,073,360.69 dollars in 2021
$1,000,000 dollars in 1972 $14,146,721.38 dollars in 2021
Cumulative inflation From 1972 1,406.89%
Avg. annual inflation From 1972 5.58%
CPI 1972 7.91
CPI today 119.19

Value of Dollar over time (by year)

Period Value
1972 100
1973 108.17
1974 120.18
1975 137.83
1976 161.14
1977 184.31
1978 206.35
1979 234.62
1980 274.86
1981 317.1
1982 368.36
1983 395.4
1984 419.8
1985 484.53
1986 548.55
1987 634.91
1988 675.39
1989 713.99
1990 757.54
1991 777.25
1992 785.14
1993 795.25
1994 809.13
1995 839.51
1996 858.7
1997 868.9
1998 879.89
1999 878.89
2000 901.87
2001 925.55
2002 950.33
2003 966.99
2004 989.14
2005 1,019.18
2006 1,053.48
2007 1,078.51
2008 1,121.21
2009 1,144.93
2010 1,171.29
2011 1,218.47
2012 1,231.38
2013 1,245.35
2014 1,260.64
2015 1,264.33
2016 1,272.5
2017 1,296.05
2018 1,316.76
2019 1,338.09
2020 1,361.03
2021 1,414.67
2022-Q1 1,476.07
Today 1,506.89

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 |

Other currencies: