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Value of 1977 New Zealand Dollars today

$100 in 1977
$848.54 in 2022

The inflation rate in New Zealand between 1977 and today has been 748.54%, which translates into a total increase of $748.54. This means that 100 dollars in 1977 are equivalent to 848.54 dollars in 2022. In other words, the purchasing power of $100 in 1977 equals $848.54 today. The average annual inflation rate between these periods has been 4.87%.

Inflation timeline in New Zealand (1977 - 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 1977-2021 667.54%
Cumulative inflation 1977-today 748.54%
Avg. Annual inflation 1977-2021 4.74%
CPI 1977 14.58
CPI 2021 111.89
CPI 2022-Q2 (latest official data) 118.69
CPI today 123.7

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 1977 and 2021, use the corresponding CPI values:

Value2021
=Value1977 ×
CPI2021/CPI1977
=$ 100 ×
111.89/14.58
$767.54

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 123.7:

Valuetoday
=Value1977 ×
CPItoday/CPI1977
=$ 100 ×
123.7/14.58
$848.54

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 44 years between 1977 and 2021 and the average inflation rate was 4.7408%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.047408)44
$767.54

New Zealand inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1977 $7.68 dollars in 2021
$5 dollars in 1977 $38.38 dollars in 2021
$10 dollars in 1977 $76.75 dollars in 2021
$50 dollars in 1977 $383.77 dollars in 2021
$100 dollars in 1977 $767.54 dollars in 2021
$500 dollars in 1977 $3,837.7 dollars in 2021
$1,000 dollars in 1977 $7,675.41 dollars in 2021
$5,000 dollars in 1977 $38,377.03 dollars in 2021
$10,000 dollars in 1977 $76,754.06 dollars in 2021
$50,000 dollars in 1977 $383,770.3 dollars in 2021
$100,000 dollars in 1977 $767,540.59 dollars in 2021
$500,000 dollars in 1977 $3,837,702.96 dollars in 2021
$1,000,000 dollars in 1977 $7,675,405.92 dollars in 2021
Cumulative inflation From 1977 748.54%
Avg. annual inflation From 1977 4.87%
CPI 1977 14.58
CPI today 123.7

Value of Dollar over time (by year)

Period Value
1977 100
1978 111.96
1979 127.29
1980 149.13
1981 172.05
1982 199.86
1983 214.53
1984 227.77
1985 262.88
1986 297.62
1987 344.48
1988 366.44
1989 387.38
1990 411.01
1991 421.7
1992 425.98
1993 431.47
1994 439
1995 455.48
1996 465.9
1997 471.43
1998 477.39
1999 476.85
2000 489.32
2001 502.16
2002 515.61
2003 524.65
2004 536.67
2005 552.96
2006 571.57
2007 585.15
2008 608.32
2009 621.19
2010 635.49
2011 661.09
2012 668.09
2013 675.67
2014 683.97
2015 685.97
2016 690.4
2017 703.18
2018 714.42
2019 725.99
2020 738.44
2021 767.54
2022-Q2 814.18
Today 848.54

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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