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Value of 1979 New Zealand Dollars today

$100 in 1979
$666.6 in 2022

The inflation rate in New Zealand between 1979 and today has been 566.6%, which translates into a total increase of $566.6. This means that 100 dollars in 1979 are equivalent to 666.6 dollars in 2022. In other words, the purchasing power of $100 in 1979 equals $666.6 today. The average annual inflation rate between these periods has been 4.51%.

Inflation timeline in New Zealand (1979 - 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 1979-2021 502.97%
Cumulative inflation 1979-today 566.6%
Avg. Annual inflation 1979-2021 4.37%
CPI 1979 18.56
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 1979 and 2021, use the corresponding CPI values:

Value2021
=Value1979 ×
CPI2021/CPI1979
=$ 100 ×
111.89/18.56
$602.97

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

Valuetoday
=Value1979 ×
CPItoday/CPI1979
=$ 100 ×
123.7/18.56
$666.6

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 42 years between 1979 and 2021 and the average inflation rate was 4.3707%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.043707)42
$602.97

New Zealand inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1979 $6.03 dollars in 2021
$5 dollars in 1979 $30.15 dollars in 2021
$10 dollars in 1979 $60.3 dollars in 2021
$50 dollars in 1979 $301.48 dollars in 2021
$100 dollars in 1979 $602.97 dollars in 2021
$500 dollars in 1979 $3,014.83 dollars in 2021
$1,000 dollars in 1979 $6,029.66 dollars in 2021
$5,000 dollars in 1979 $30,148.3 dollars in 2021
$10,000 dollars in 1979 $60,296.59 dollars in 2021
$50,000 dollars in 1979 $301,482.96 dollars in 2021
$100,000 dollars in 1979 $602,965.92 dollars in 2021
$500,000 dollars in 1979 $3,014,829.59 dollars in 2021
$1,000,000 dollars in 1979 $6,029,659.18 dollars in 2021
Cumulative inflation From 1979 566.6%
Avg. annual inflation From 1979 4.51%
CPI 1979 18.56
CPI today 123.7

Value of Dollar over time (by year)

Period Value
1979 100
1980 117.15
1981 135.16
1982 157
1983 168.53
1984 178.93
1985 206.52
1986 233.8
1987 270.61
1988 287.87
1989 304.32
1990 322.88
1991 331.28
1992 334.64
1993 338.95
1994 344.87
1995 357.82
1996 366
1997 370.34
1998 375.03
1999 374.6
2000 384.4
2001 394.49
2002 405.05
2003 412.16
2004 421.59
2005 434.4
2006 449.02
2007 459.69
2008 477.89
2009 488
2010 499.23
2011 519.34
2012 524.84
2013 530.8
2014 537.31
2015 538.89
2016 542.37
2017 552.41
2018 561.24
2019 570.33
2020 580.1
2021 602.97
2022-Q2 639.6
Today 666.6

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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