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Value of 1993 New Zealand Dollars today

$10,000 in 1993
$20,181.48 in 2022

The inflation rate in New Zealand between 1993 and today has been 101.81%, which translates into a total increase of $10,181.48. This means that 10,000 dollars in 1993 are equivalent to 20,181.48 dollars in 2022. In other words, the purchasing power of $10,000 in 1993 equals $20,181.48 today. The average annual inflation rate between these periods has been 2.45%.

Inflation timeline in New Zealand (1993 - 2022)

The following chart depicts the equivalence of $10,000 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 1993-2021 77.89%
Cumulative inflation 1993-today 101.81%
Avg. Annual inflation 1993-2021 2.08%
CPI 1993 62.9
CPI 2021 111.89
CPI 2022-Q3 (latest official data) 121.25
CPI today 126.94

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 2021, use the corresponding CPI values:

Value2021
=Value1993 ×
CPI2021/CPI1993
=$ 10,000 ×
111.89/62.9
$17,788.99

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 126.94:

Valuetoday
=Value1993 ×
CPItoday/CPI1993
=$ 10,000 ×
126.94/62.9
$20,181.48

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 $10,000 worth today. There are 28 years between 1993 and 2021 and the average inflation rate was 2.0784%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$10,000 × (1 + 0.020784)28
$17,788.99

New Zealand inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1993 $1.78 dollars in 2021
$5 dollars in 1993 $8.89 dollars in 2021
$10 dollars in 1993 $17.79 dollars in 2021
$50 dollars in 1993 $88.94 dollars in 2021
$100 dollars in 1993 $177.89 dollars in 2021
$500 dollars in 1993 $889.45 dollars in 2021
$1,000 dollars in 1993 $1,778.9 dollars in 2021
$5,000 dollars in 1993 $8,894.49 dollars in 2021
$10,000 dollars in 1993 $17,788.99 dollars in 2021
$50,000 dollars in 1993 $88,944.95 dollars in 2021
$100,000 dollars in 1993 $177,889.89 dollars in 2021
$500,000 dollars in 1993 $889,449.45 dollars in 2021
$1,000,000 dollars in 1993 $1,778,898.9 dollars in 2021
Cumulative inflation From 1993 101.81%
Avg. annual inflation From 1993 2.45%
CPI 1993 62.9
CPI today 126.94

Value of Dollar over time (by year)

Period Value
1993 10,000
1994 10,174.54
1995 10,556.58
1996 10,797.88
1997 10,926.06
1998 11,064.31
1999 11,051.66
2000 11,340.69
2001 11,638.48
2002 11,950.05
2003 12,159.6
2004 12,438.09
2005 12,815.83
2006 13,247.14
2007 13,561.91
2008 14,098.82
2009 14,397.1
2010 14,728.53
2011 15,321.78
2012 15,484.17
2013 15,659.83
2014 15,852.06
2015 15,898.46
2016 16,001.19
2017 16,297.35
2018 16,557.83
2019 16,826
2020 17,114.5
2021 17,788.99
2022-Q3 19,276.15
Today 20,181.48

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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