$

Value of 1986 New Zealand Dollars today

$100 in 1986
$275.11 in 2022

The inflation rate in New Zealand between 1986 and today has been 175.11%, which translates into a total increase of $175.11. This means that 100 dollars in 1986 are equivalent to 275.11 dollars in 2022. In other words, the purchasing power of $100 in 1986 equals $275.11 today. The average annual inflation rate between these periods has been 2.85%.

Inflation timeline in New Zealand (1986 - 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 1986-2021 157.89%
Cumulative inflation 1986-today 175.11%
Avg. Annual inflation 1986-2021 2.74%
CPI 1986 43.39
CPI 2021 111.89
CPI 2022-Q1 (latest official data) 116.75
CPI today 119.36

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 1986 and 2021, use the corresponding CPI values:

Value2021
=Value1986 ×
CPI2021/CPI1986
=$ 100 ×
111.89/43.39
$257.89

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 119.36:

Valuetoday
=Value1986 ×
CPItoday/CPI1986
=$ 100 ×
119.36/43.39
$275.11

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 35 years between 1986 and 2021 and the average inflation rate was 2.7438%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.027438)35
$257.89

New Zealand inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1986 $2.58 dollars in 2021
$5 dollars in 1986 $12.89 dollars in 2021
$10 dollars in 1986 $25.79 dollars in 2021
$50 dollars in 1986 $128.95 dollars in 2021
$100 dollars in 1986 $257.89 dollars in 2021
$500 dollars in 1986 $1,289.47 dollars in 2021
$1,000 dollars in 1986 $2,578.94 dollars in 2021
$5,000 dollars in 1986 $12,894.71 dollars in 2021
$10,000 dollars in 1986 $25,789.42 dollars in 2021
$50,000 dollars in 1986 $128,947.11 dollars in 2021
$100,000 dollars in 1986 $257,894.22 dollars in 2021
$500,000 dollars in 1986 $1,289,471.08 dollars in 2021
$1,000,000 dollars in 1986 $2,578,942.16 dollars in 2021
Cumulative inflation From 1986 175.11%
Avg. annual inflation From 1986 2.85%
CPI 1986 43.39
CPI today 119.36

Value of Dollar over time (by year)

Period Value
1986 100
1987 115.74
1988 123.12
1989 130.16
1990 138.1
1991 141.69
1992 143.13
1993 144.97
1994 147.5
1995 153.04
1996 156.54
1997 158.4
1998 160.4
1999 160.22
2000 164.41
2001 168.73
2002 173.24
2003 176.28
2004 180.32
2005 185.8
2006 192.05
2007 196.61
2008 204.4
2009 208.72
2010 213.53
2011 222.13
2012 224.48
2013 227.03
2014 229.81
2015 230.49
2016 231.98
2017 236.27
2018 240.05
2019 243.93
2020 248.12
2021 257.89
2022-Q1 269.09
Today 275.11

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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