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Value of 1995 New Zealand Dollars today

$100 in 1995
$179.56 in 2022

The inflation rate in New Zealand between 1995 and today has been 79.56%, which translates into a total increase of $79.56. This means that 100 dollars in 1995 are equivalent to 179.56 dollars in 2022. In other words, the purchasing power of $100 in 1995 equals $179.56 today. The average annual inflation rate between these periods has been 2.19%.

Inflation timeline in New Zealand (1995 - 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 1995-2021 68.51%
Cumulative inflation 1995-today 79.56%
Avg. Annual inflation 1995-2021 2.03%
CPI 1995 66.4
CPI 2021 111.89
CPI 2022-Q1 (latest official data) 116.75
CPI today 119.23

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 1995 and 2021, use the corresponding CPI values:

Value2021
=Value1995 ×
CPI2021/CPI1995
=$ 100 ×
111.89/66.4
$168.51

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 119.23:

Valuetoday
=Value1995 ×
CPItoday/CPI1995
=$ 100 ×
119.23/66.4
$179.56

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 26 years between 1995 and 2021 and the average inflation rate was 2.0273%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.020273)26
$168.51

New Zealand inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1995 $1.69 dollars in 2021
$5 dollars in 1995 $8.43 dollars in 2021
$10 dollars in 1995 $16.85 dollars in 2021
$50 dollars in 1995 $84.26 dollars in 2021
$100 dollars in 1995 $168.51 dollars in 2021
$500 dollars in 1995 $842.55 dollars in 2021
$1,000 dollars in 1995 $1,685.11 dollars in 2021
$5,000 dollars in 1995 $8,425.54 dollars in 2021
$10,000 dollars in 1995 $16,851.08 dollars in 2021
$50,000 dollars in 1995 $84,255.42 dollars in 2021
$100,000 dollars in 1995 $168,510.84 dollars in 2021
$500,000 dollars in 1995 $842,554.21 dollars in 2021
$1,000,000 dollars in 1995 $1,685,108.42 dollars in 2021
Cumulative inflation From 1995 79.56%
Avg. annual inflation From 1995 2.19%
CPI 1995 66.4
CPI today 119.23

Value of Dollar over time (by year)

Period Value
1995 100
1996 102.29
1997 103.5
1998 104.81
1999 104.69
2000 107.43
2001 110.25
2002 113.2
2003 115.19
2004 117.82
2005 121.4
2006 125.49
2007 128.47
2008 133.55
2009 136.38
2010 139.52
2011 145.14
2012 146.68
2013 148.34
2014 150.16
2015 150.6
2016 151.58
2017 154.38
2018 156.85
2019 159.39
2020 162.12
2021 168.51
2022-Q1 175.82
Today 179.56

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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