$

Value of 1994 New Zealand Dollars today

$100 in 1994
$186.2 in 2022

The inflation rate in New Zealand between 1994 and today has been 86.2%, which translates into a total increase of $86.2. This means that 100 dollars in 1994 are equivalent to 186.2 dollars in 2022. In other words, the purchasing power of $100 in 1994 equals $186.2 today. The average annual inflation rate between these periods has been 2.25%.

Inflation timeline in New Zealand (1994 - 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 1994-2021 74.84%
Cumulative inflation 1994-today 86.2%
Avg. Annual inflation 1994-2021 2.09%
CPI 1994 64
CPI 2021 111.89
CPI 2022-Q1 (latest official data) 116.75
CPI today 119.16

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 1994 and 2021, use the corresponding CPI values:

Value2021
=Value1994 ×
CPI2021/CPI1994
=$ 100 ×
111.89/64
$174.84

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 119.16:

Valuetoday
=Value1994 ×
CPItoday/CPI1994
=$ 100 ×
119.16/64
$186.2

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 27 years between 1994 and 2021 and the average inflation rate was 2.0908%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.020908)27
$174.84

New Zealand inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1994 $1.75 dollars in 2021
$5 dollars in 1994 $8.74 dollars in 2021
$10 dollars in 1994 $17.48 dollars in 2021
$50 dollars in 1994 $87.42 dollars in 2021
$100 dollars in 1994 $174.84 dollars in 2021
$500 dollars in 1994 $874.19 dollars in 2021
$1,000 dollars in 1994 $1,748.38 dollars in 2021
$5,000 dollars in 1994 $8,741.92 dollars in 2021
$10,000 dollars in 1994 $17,483.83 dollars in 2021
$50,000 dollars in 1994 $87,419.16 dollars in 2021
$100,000 dollars in 1994 $174,838.32 dollars in 2021
$500,000 dollars in 1994 $874,191.62 dollars in 2021
$1,000,000 dollars in 1994 $1,748,383.24 dollars in 2021
Cumulative inflation From 1994 86.2%
Avg. annual inflation From 1994 2.25%
CPI 1994 64
CPI today 119.16

Value of Dollar over time (by year)

Period Value
1994 100
1995 103.75
1996 106.13
1997 107.39
1998 108.75
1999 108.62
2000 111.46
2001 114.39
2002 117.45
2003 119.51
2004 122.25
2005 125.96
2006 130.2
2007 133.29
2008 138.57
2009 141.5
2010 144.76
2011 150.59
2012 152.19
2013 153.91
2014 155.8
2015 156.26
2016 157.27
2017 160.18
2018 162.74
2019 165.37
2020 168.21
2021 174.84
2022-Q1 182.43
Today 186.2

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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