$

Value of 1993 New Zealand Dollars today

$100 in 1993
$207.72 in 2024

The inflation rate in New Zealand between 1993 and today has been 107.72%, which translates into a total increase of $107.72. This means that 100 dollars in 1993 are equivalent to 207.72 dollars in 2024. In other words, the purchasing power of $100 in 1993 equals $207.72 today. The average annual inflation rate between these periods has been 2.39%.

Inflation timeline in New Zealand (1993 - 2024)

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 1993-2023 101.58%
Cumulative inflation 1993-today 107.72%
Avg. Annual inflation 1993-2023 2.36%
CPI 1993 62.9
CPI 2023 126.79
CPI 2024-Q1 (latest official data) 129.53
CPI today 130.65

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 1993 and 2023, use the corresponding CPI values:

Value2023
=Value1993 ×
CPI2023/CPI1993
=$ 100 ×
126.79/62.9
$201.58

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 130.65:

Valuetoday
=Value1993 ×
CPItoday/CPI1993
=$ 100 ×
130.65/62.9
$207.72

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 30 years between 1993 and 2023 and the average inflation rate was 2.3642%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=$100 × (1 + 0.023642)30
$201.58

New Zealand inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1993 $2.02 dollars in 2023
$5 dollars in 1993 $10.08 dollars in 2023
$10 dollars in 1993 $20.16 dollars in 2023
$50 dollars in 1993 $100.79 dollars in 2023
$100 dollars in 1993 $201.58 dollars in 2023
$500 dollars in 1993 $1,007.89 dollars in 2023
$1,000 dollars in 1993 $2,015.79 dollars in 2023
$5,000 dollars in 1993 $10,078.95 dollars in 2023
$10,000 dollars in 1993 $20,157.89 dollars in 2023
$50,000 dollars in 1993 $100,789.45 dollars in 2023
$100,000 dollars in 1993 $201,578.91 dollars in 2023
$500,000 dollars in 1993 $1,007,894.54 dollars in 2023
$1,000,000 dollars in 1993 $2,015,789.07 dollars in 2023
Cumulative inflation From 1993 107.72%
Avg. annual inflation From 1993 2.39%
CPI 1993 62.9
CPI today 130.65

Value of Dollar over time (by year)

Period Value
1993 100
1994 101.75
1995 105.57
1996 107.98
1997 109.26
1998 110.64
1999 110.52
2000 113.41
2001 116.38
2002 119.5
2003 121.6
2004 124.38
2005 128.16
2006 132.47
2007 135.62
2008 140.99
2009 143.97
2010 147.29
2011 153.22
2012 154.84
2013 156.6
2014 158.52
2015 158.98
2016 160.01
2017 162.97
2018 165.58
2019 168.26
2020 171.14
2021 177.89
2022 190.65
2023 201.58
2024-Q1 205.93
Today 207.72

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 | 2022 | 2023 |

Other currencies: