$

Value of 1988 New Zealand Dollars today

$100 in 1988
$231.56 in 2022

The inflation rate in New Zealand between 1988 and today has been 131.56%, which translates into a total increase of $131.56. This means that 100 dollars in 1988 are equivalent to 231.56 dollars in 2022. In other words, the purchasing power of $100 in 1988 equals $231.56 today. The average annual inflation rate between these periods has been 2.5%.

Inflation timeline in New Zealand (1988 - 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 1988-2021 109.46%
Cumulative inflation 1988-today 131.56%
Avg. Annual inflation 1988-2021 2.27%
CPI 1988 53.42
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 1988 and 2021, use the corresponding CPI values:

Value2021
=Value1988 ×
CPI2021/CPI1988
=$ 100 ×
111.89/53.42
$209.46

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

Valuetoday
=Value1988 ×
CPItoday/CPI1988
=$ 100 ×
123.7/53.42
$231.56

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 33 years between 1988 and 2021 and the average inflation rate was 2.2658%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.022658)33
$209.46

New Zealand inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1988 $2.09 dollars in 2021
$5 dollars in 1988 $10.47 dollars in 2021
$10 dollars in 1988 $20.95 dollars in 2021
$50 dollars in 1988 $104.73 dollars in 2021
$100 dollars in 1988 $209.46 dollars in 2021
$500 dollars in 1988 $1,047.3 dollars in 2021
$1,000 dollars in 1988 $2,094.6 dollars in 2021
$5,000 dollars in 1988 $10,473.01 dollars in 2021
$10,000 dollars in 1988 $20,946.01 dollars in 2021
$50,000 dollars in 1988 $104,730.07 dollars in 2021
$100,000 dollars in 1988 $209,460.13 dollars in 2021
$500,000 dollars in 1988 $1,047,300.67 dollars in 2021
$1,000,000 dollars in 1988 $2,094,601.35 dollars in 2021
Cumulative inflation From 1988 131.56%
Avg. annual inflation From 1988 2.5%
CPI 1988 53.42
CPI today 123.7

Value of Dollar over time (by year)

Period Value
1988 100
1989 105.72
1990 112.16
1991 115.08
1992 116.25
1993 117.75
1994 119.8
1995 124.3
1996 127.14
1997 128.65
1998 130.28
1999 130.13
2000 133.53
2001 137.04
2002 140.71
2003 143.18
2004 146.45
2005 150.9
2006 155.98
2007 159.69
2008 166.01
2009 169.52
2010 173.42
2011 180.41
2012 182.32
2013 184.39
2014 186.65
2015 187.2
2016 188.41
2017 191.9
2018 194.96
2019 198.12
2020 201.52
2021 209.46
2022-Q2 222.19
Today 231.56

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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