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Value of 1989 New Zealand Dollars today

$100 in 1989
$211.13 in 2022

The inflation rate in New Zealand between 1989 and today has been 111.13%, which translates into a total increase of $111.13. This means that 100 dollars in 1989 are equivalent to 211.13 dollars in 2022. In other words, the purchasing power of $100 in 1989 equals $211.13 today. The average annual inflation rate between these periods has been 2.29%.

Inflation timeline in New Zealand (1989 - 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 1989-2021 98.13%
Cumulative inflation 1989-today 111.13%
Avg. Annual inflation 1989-2021 2.16%
CPI 1989 56.47
CPI 2021 111.89
CPI 2022-Q1 (latest official data) 116.75
CPI today 119.23

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 1989 and 2021, use the corresponding CPI values:

Value2021
=Value1989 ×
CPI2021/CPI1989
=$ 100 ×
111.89/56.47
$198.13

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 119.23:

Valuetoday
=Value1989 ×
CPItoday/CPI1989
=$ 100 ×
119.23/56.47
$211.13

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 32 years between 1989 and 2021 and the average inflation rate was 2.1598%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.021598)32
$198.13

New Zealand inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1989 $1.98 dollars in 2021
$5 dollars in 1989 $9.91 dollars in 2021
$10 dollars in 1989 $19.81 dollars in 2021
$50 dollars in 1989 $99.07 dollars in 2021
$100 dollars in 1989 $198.13 dollars in 2021
$500 dollars in 1989 $990.67 dollars in 2021
$1,000 dollars in 1989 $1,981.35 dollars in 2021
$5,000 dollars in 1989 $9,906.74 dollars in 2021
$10,000 dollars in 1989 $19,813.48 dollars in 2021
$50,000 dollars in 1989 $99,067.38 dollars in 2021
$100,000 dollars in 1989 $198,134.77 dollars in 2021
$500,000 dollars in 1989 $990,673.84 dollars in 2021
$1,000,000 dollars in 1989 $1,981,347.68 dollars in 2021
Cumulative inflation From 1989 111.13%
Avg. annual inflation From 1989 2.29%
CPI 1989 56.47
CPI today 119.23

Value of Dollar over time (by year)

Period Value
1989 100
1990 106.1
1991 108.86
1992 109.96
1993 111.38
1994 113.32
1995 117.58
1996 120.27
1997 121.7
1998 123.23
1999 123.09
2000 126.31
2001 129.63
2002 133.1
2003 135.43
2004 138.54
2005 142.74
2006 147.55
2007 151.05
2008 157.03
2009 160.36
2010 164.05
2011 170.65
2012 172.46
2013 174.42
2014 176.56
2015 177.08
2016 178.22
2017 181.52
2018 184.42
2019 187.41
2020 190.62
2021 198.13
2022-Q1 206.73
Today 211.13

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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