$

Value of 1990 New Zealand Dollars today

$100 in 1990
$200.33 in 2022

The inflation rate in New Zealand between 1990 and today has been 100.33%, which translates into a total increase of $100.33. This means that 100 dollars in 1990 are equivalent to 200.33 dollars in 2022. In other words, the purchasing power of $100 in 1990 equals $200.33 today. The average annual inflation rate between these periods has been 2.19%.

Inflation timeline in New Zealand (1990 - 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 1990-2021 86.75%
Cumulative inflation 1990-today 100.33%
Avg. Annual inflation 1990-2021 2.04%
CPI 1990 59.92
CPI 2021 111.89
CPI 2022-Q1 (latest official data) 116.75
CPI today 120.03

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 1990 and 2021, use the corresponding CPI values:

Value2021
=Value1990 ×
CPI2021/CPI1990
=$ 100 ×
111.89/59.92
$186.75

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 120.03:

Valuetoday
=Value1990 ×
CPItoday/CPI1990
=$ 100 ×
120.03/59.92
$200.33

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 31 years between 1990 and 2021 and the average inflation rate was 2.0352%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.020352)31
$186.75

New Zealand inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1990 $1.87 dollars in 2021
$5 dollars in 1990 $9.34 dollars in 2021
$10 dollars in 1990 $18.67 dollars in 2021
$50 dollars in 1990 $93.37 dollars in 2021
$100 dollars in 1990 $186.75 dollars in 2021
$500 dollars in 1990 $933.73 dollars in 2021
$1,000 dollars in 1990 $1,867.46 dollars in 2021
$5,000 dollars in 1990 $9,337.31 dollars in 2021
$10,000 dollars in 1990 $18,674.62 dollars in 2021
$50,000 dollars in 1990 $93,373.08 dollars in 2021
$100,000 dollars in 1990 $186,746.17 dollars in 2021
$500,000 dollars in 1990 $933,730.83 dollars in 2021
$1,000,000 dollars in 1990 $1,867,461.67 dollars in 2021
Cumulative inflation From 1990 100.33%
Avg. annual inflation From 1990 2.19%
CPI 1990 59.92
CPI today 120.03

Value of Dollar over time (by year)

Period Value
1990 100
1991 102.6
1992 103.64
1993 104.98
1994 106.81
1995 110.82
1996 113.35
1997 114.7
1998 116.15
1999 116.02
2000 119.05
2001 122.18
2002 125.45
2003 127.65
2004 130.57
2005 134.54
2006 139.07
2007 142.37
2008 148.01
2009 151.14
2010 154.62
2011 160.85
2012 162.55
2013 164.39
2014 166.41
2015 166.9
2016 167.98
2017 171.09
2018 173.82
2019 176.64
2020 179.67
2021 186.75
2022-Q1 194.85
Today 200.33

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 |

Other currencies: