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Value of 1973 New Zealand Dollars today

$100 in 1973
$1,393.9 in 2022

The inflation rate in New Zealand between 1973 and today has been 1,293.9%, which translates into a total increase of $1,293.9. This means that 100 dollars in 1973 are equivalent to 1,393.9 dollars in 2022. In other words, the purchasing power of $100 in 1973 equals $1,393.9 today. The average annual inflation rate between these periods has been 5.52%.

Inflation timeline in New Zealand (1973 - 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 1973-2021 1,207.86%
Cumulative inflation 1973-today 1,293.9%
Avg. Annual inflation 1973-2021 5.5%
CPI 1973 8.56
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 1973 and 2021, use the corresponding CPI values:

Value2021
=Value1973 ×
CPI2021/CPI1973
=$ 100 ×
111.89/8.56
$1,307.86

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

Valuetoday
=Value1973 ×
CPItoday/CPI1973
=$ 100 ×
119.25/8.56
$1,393.9

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 48 years between 1973 and 2021 and the average inflation rate was 5.5022%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.055022)48
$1,307.86

New Zealand inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1973 $13.08 dollars in 2021
$5 dollars in 1973 $65.39 dollars in 2021
$10 dollars in 1973 $130.79 dollars in 2021
$50 dollars in 1973 $653.93 dollars in 2021
$100 dollars in 1973 $1,307.86 dollars in 2021
$500 dollars in 1973 $6,539.32 dollars in 2021
$1,000 dollars in 1973 $13,078.63 dollars in 2021
$5,000 dollars in 1973 $65,393.16 dollars in 2021
$10,000 dollars in 1973 $130,786.33 dollars in 2021
$50,000 dollars in 1973 $653,931.64 dollars in 2021
$100,000 dollars in 1973 $1,307,863.28 dollars in 2021
$500,000 dollars in 1973 $6,539,316.39 dollars in 2021
$1,000,000 dollars in 1973 $13,078,632.77 dollars in 2021
Cumulative inflation From 1973 1,293.9%
Avg. annual inflation From 1973 5.52%
CPI 1973 8.56
CPI today 119.25

Value of Dollar over time (by year)

Period Value
1973 100
1974 111.11
1975 127.43
1976 148.97
1977 170.4
1978 190.77
1979 216.91
1980 254.11
1981 293.16
1982 340.55
1983 365.55
1984 388.11
1985 447.94
1986 507.13
1987 586.98
1988 624.4
1989 660.09
1990 700.34
1991 718.57
1992 725.86
1993 735.21
1994 748.04
1995 776.13
1996 793.87
1997 803.29
1998 813.46
1999 812.53
2000 833.78
2001 855.67
2002 878.58
2003 893.99
2004 914.46
2005 942.23
2006 973.94
2007 997.08
2008 1,036.56
2009 1,058.49
2010 1,082.86
2011 1,126.47
2012 1,138.41
2013 1,151.33
2014 1,165.46
2015 1,168.87
2016 1,176.42
2017 1,198.2
2018 1,217.35
2019 1,237.06
2020 1,258.27
2021 1,307.86
2022-Q1 1,364.62
Today 1,393.9

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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