$

Value of 1982 New Zealand Dollars today

$100 in 1982
$424.58 in 2022

The inflation rate in New Zealand between 1982 and today has been 324.58%, which translates into a total increase of $324.58. This means that 100 dollars in 1982 are equivalent to 424.58 dollars in 2022. In other words, the purchasing power of $100 in 1982 equals $424.58 today. The average annual inflation rate between these periods has been 3.68%.

Inflation timeline in New Zealand (1982 - 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 1982-2021 284.05%
Cumulative inflation 1982-today 324.58%
Avg. Annual inflation 1982-2021 3.51%
CPI 1982 29.13
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 1982 and 2021, use the corresponding CPI values:

Value2021
=Value1982 ×
CPI2021/CPI1982
=$ 100 ×
111.89/29.13
$384.05

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

Valuetoday
=Value1982 ×
CPItoday/CPI1982
=$ 100 ×
123.7/29.13
$424.58

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 39 years between 1982 and 2021 and the average inflation rate was 3.5105%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.035105)39
$384.05

New Zealand inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1982 $3.84 dollars in 2021
$5 dollars in 1982 $19.2 dollars in 2021
$10 dollars in 1982 $38.4 dollars in 2021
$50 dollars in 1982 $192.02 dollars in 2021
$100 dollars in 1982 $384.05 dollars in 2021
$500 dollars in 1982 $1,920.24 dollars in 2021
$1,000 dollars in 1982 $3,840.47 dollars in 2021
$5,000 dollars in 1982 $19,202.36 dollars in 2021
$10,000 dollars in 1982 $38,404.72 dollars in 2021
$50,000 dollars in 1982 $192,023.59 dollars in 2021
$100,000 dollars in 1982 $384,047.18 dollars in 2021
$500,000 dollars in 1982 $1,920,235.88 dollars in 2021
$1,000,000 dollars in 1982 $3,840,471.77 dollars in 2021
Cumulative inflation From 1982 324.58%
Avg. annual inflation From 1982 3.68%
CPI 1982 29.13
CPI today 123.7

Value of Dollar over time (by year)

Period Value
1982 100
1983 107.34
1984 113.97
1985 131.54
1986 148.92
1987 172.36
1988 183.35
1989 193.83
1990 205.65
1991 211
1992 213.14
1993 215.89
1994 219.66
1995 227.91
1996 233.12
1997 235.88
1998 238.87
1999 238.59
2000 244.83
2001 251.26
2002 257.99
2003 262.51
2004 268.53
2005 276.68
2006 285.99
2007 292.79
2008 304.38
2009 310.82
2010 317.97
2011 330.78
2012 334.29
2013 338.08
2014 342.23
2015 343.23
2016 345.45
2017 351.84
2018 357.47
2019 363.26
2020 369.49
2021 384.05
2022-Q2 407.38
Today 424.58

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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