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Value of 1996 New Zealand Dollars today

$100 in 1996
$190.93 in 2023

The inflation rate in New Zealand between 1996 and today has been 90.93%, which translates into a total increase of $90.93. This means that 100 dollars in 1996 are equivalent to 190.93 dollars in 2023. In other words, the purchasing power of $100 in 1996 equals $190.93 today. The average annual inflation rate between these periods has been 2.42%.

Inflation timeline in New Zealand (1996 - 2023)

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 1996-2022 76.56%
Cumulative inflation 1996-today 90.93%
Avg. Annual inflation 1996-2022 2.21%
CPI 1996 67.92
CPI 2022 119.92
CPI 2022-Q4 (latest official data) 122.98
CPI today 129.67

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 1996 and 2022, use the corresponding CPI values:

Value2022
=Value1996 ×
CPI2022/CPI1996
=$ 100 ×
119.92/67.92
$176.56

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 129.67:

Valuetoday
=Value1996 ×
CPItoday/CPI1996
=$ 100 ×
129.67/67.92
$190.93

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 1996 and 2022 and the average inflation rate was 2.2106%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=$100 × (1 + 0.022106)26
$176.56

New Zealand inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1996 $1.77 dollars in 2022
$5 dollars in 1996 $8.83 dollars in 2022
$10 dollars in 1996 $17.66 dollars in 2022
$50 dollars in 1996 $88.28 dollars in 2022
$100 dollars in 1996 $176.56 dollars in 2022
$500 dollars in 1996 $882.81 dollars in 2022
$1,000 dollars in 1996 $1,765.61 dollars in 2022
$5,000 dollars in 1996 $8,828.06 dollars in 2022
$10,000 dollars in 1996 $17,656.13 dollars in 2022
$50,000 dollars in 1996 $88,280.64 dollars in 2022
$100,000 dollars in 1996 $176,561.28 dollars in 2022
$500,000 dollars in 1996 $882,806.39 dollars in 2022
$1,000,000 dollars in 1996 $1,765,612.77 dollars in 2022
Cumulative inflation From 1996 90.93%
Avg. annual inflation From 1996 2.42%
CPI 1996 67.92
CPI today 129.67

Value of Dollar over time (by year)

Period Value
1996 100
1997 101.19
1998 102.47
1999 102.35
2000 105.03
2001 107.78
2002 110.67
2003 112.61
2004 115.19
2005 118.69
2006 122.68
2007 125.6
2008 130.57
2009 133.33
2010 136.4
2011 141.9
2012 143.4
2013 145.03
2014 146.81
2015 147.24
2016 148.19
2017 150.93
2018 153.34
2019 155.83
2020 158.5
2021 164.75
2022 176.56
2022-Q4 181.08
Today 190.93

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 |

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