# Value of 1995 New Zealand Dollars today

\$100 in 1995

\$166.7 in 2021

The inflation rate in New Zealand between 1995 and today has been 66.7%, which translates into a total increase of \$66.7. This means that 100 dollars in 1995 are equivalent to 166.7 dollars in 2021. In other words, the purchasing power of \$100 in 1995 equals \$166.7 today. The average annual inflation rate has been 1.91%.

## Inflation timeline in New Zealand (1995-2021)

The following chart depicts the equivalence of \$100 throughout the years due to 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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1995-2021) 66.53%
Total Inflation* 66.7%
Annual inflation avg. (1995-2021) 1.98%
Annual inflation avg.* 1.91%
CPI 1995 65.01
CPI 2021 108.26
CPI today* 108.37
\$1 in 1995 \$1.67 in 2021

* Values extrapolated from the last official data to obtain today's values.

## 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 compound interest formula or the Consumer Price Index (CPI) formula.

#### Using the compound interest formula

Given that money changes with time as a result of an inflation rate that acts as a compound interest, the following formula can be used: 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 26 years between 1995 and 2021 and the average inflation rate has been 1.9107%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = \$100 * (1 + 0.02)26 = \$166.53

#### Using the CPI formula

When the CPI for both start and end years is known, the following formula can be used:

Final value = Initial value *
CPI final/CPI initial

In this case, the CPI in 1995 was 65.01 and the CPI today is 108.37. Therefore,

Final value = Initial value *
CPI final/CPI initial
= \$100 *
108.26/65.01
= \$166.53

### New Zealand inflation - Conversion table

Initial Value Equivalent value
\$1 dollar in 1995 \$1.67 dollars today
\$5 dollars in 1995 \$8.34 dollars today
\$10 dollars in 1995 \$16.67 dollars today
\$50 dollars in 1995 \$83.35 dollars today
\$100 dollars in 1995 \$166.7 dollars today
\$500 dollars in 1995 \$833.5 dollars today
\$1,000 dollars in 1995 \$1,667.01 dollars today
\$5,000 dollars in 1995 \$8,335.04 dollars today
\$10,000 dollars in 1995 \$16,670.08 dollars today
\$50,000 dollars in 1995 \$83,350.4 dollars today
\$100,000 dollars in 1995 \$166,700.8 dollars today
\$500,000 dollars in 1995 \$833,504 dollars today
\$1,000,000 dollars in 1995 \$1,667,008 dollars today

Period Value
1995 100
1996 102.92
1997 105.54
1998 106.42
1999 106.81
2000 107.35
2001 111.62
2002 113.65
2003 116.74
2004 118.56
2005 121.76
2006 125.6
2007 128.91
2008 133.01
2009 137.5
2010 140.2
2011 145.84
2012 148.53
2013 149.95
2014 152.38
2015 153.54
2016 153.66
2017 155.72
2018 158.2
2019 161.19
2020 164.18
2021 166.53
Today 166.7