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Value of 1974 New Zealand Dollars today

$100 in 1974
$1,252.66 in 2022

The inflation rate in New Zealand between 1974 and today has been 1,152.66%, which translates into a total increase of $1,152.66. This means that 100 dollars in 1974 are equivalent to 1,252.66 dollars in 2022. In other words, the purchasing power of $100 in 1974 equals $1,252.66 today. The average annual inflation rate between these periods has been 5.41%.

Inflation timeline in New Zealand (1974 - 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 1974-2021 1,077.1%
Cumulative inflation 1974-today 1,152.66%
Avg. Annual inflation 1974-2021 5.39%
CPI 1974 9.51
CPI 2021 111.89
CPI 2022-Q1 (latest official data) 116.75
CPI today 119.07

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 1974 and 2021, use the corresponding CPI values:

Value2021
=Value1974 ×
CPI2021/CPI1974
=$ 100 ×
111.89/9.51
$1,177.1

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 119.07:

Valuetoday
=Value1974 ×
CPItoday/CPI1974
=$ 100 ×
119.07/9.51
$1,252.66

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 47 years between 1974 and 2021 and the average inflation rate was 5.3861%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.053861)47
$1,177.1

New Zealand inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1974 $11.77 dollars in 2021
$5 dollars in 1974 $58.85 dollars in 2021
$10 dollars in 1974 $117.71 dollars in 2021
$50 dollars in 1974 $588.55 dollars in 2021
$100 dollars in 1974 $1,177.1 dollars in 2021
$500 dollars in 1974 $5,885.48 dollars in 2021
$1,000 dollars in 1974 $11,770.95 dollars in 2021
$5,000 dollars in 1974 $58,854.76 dollars in 2021
$10,000 dollars in 1974 $117,709.52 dollars in 2021
$50,000 dollars in 1974 $588,547.58 dollars in 2021
$100,000 dollars in 1974 $1,177,095.17 dollars in 2021
$500,000 dollars in 1974 $5,885,475.83 dollars in 2021
$1,000,000 dollars in 1974 $11,770,951.66 dollars in 2021
Cumulative inflation From 1974 1,152.66%
Avg. annual inflation From 1974 5.41%
CPI 1974 9.51
CPI today 119.07

Value of Dollar over time (by year)

Period Value
1974 100
1975 114.68
1976 134.07
1977 153.36
1978 171.7
1979 195.22
1980 228.7
1981 263.85
1982 306.5
1983 329
1984 349.3
1985 403.16
1986 456.43
1987 528.29
1988 561.97
1989 594.09
1990 630.32
1991 646.72
1992 653.28
1993 661.7
1994 673.25
1995 698.53
1996 714.49
1997 722.98
1998 732.12
1999 731.29
2000 750.41
2001 770.12
2002 790.73
2003 804.6
2004 823.03
2005 848.02
2006 876.56
2007 897.39
2008 932.92
2009 952.65
2010 974.58
2011 1,013.84
2012 1,024.59
2013 1,036.21
2014 1,048.93
2015 1,052
2016 1,058.8
2017 1,078.39
2018 1,095.63
2019 1,113.37
2020 1,132.46
2021 1,177.1
2022-Q1 1,228.18
Today 1,252.66

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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