$

Value of 2004 New Zealand Dollars today

$100 in 2004
$158.11 in 2022

The inflation rate in New Zealand between 2004 and today has been 58.11%, which translates into a total increase of $58.11. This means that 100 dollars in 2004 are equivalent to 158.11 dollars in 2022. In other words, the purchasing power of $100 in 2004 equals $158.11 today. The average annual inflation rate between these periods has been 2.58%.

Inflation timeline in New Zealand (2004 - 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 2004-2021 43.02%
Cumulative inflation 2004-today 58.11%
Avg. Annual inflation 2004-2021 2.13%
CPI 2004 78.23
CPI 2021 111.89
CPI 2022-Q2 (latest official data) 118.69
CPI today 123.7

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 2004 and 2021, use the corresponding CPI values:

Value2021
=Value2004 ×
CPI2021/CPI2004
=$ 100 ×
111.89/78.23
$143.02

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 123.7:

Valuetoday
=Value2004 ×
CPItoday/CPI2004
=$ 100 ×
123.7/78.23
$158.11

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 17 years between 2004 and 2021 and the average inflation rate was 2.1271%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.021271)17
$143.02

New Zealand inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 2004 $1.43 dollars in 2021
$5 dollars in 2004 $7.15 dollars in 2021
$10 dollars in 2004 $14.3 dollars in 2021
$50 dollars in 2004 $71.51 dollars in 2021
$100 dollars in 2004 $143.02 dollars in 2021
$500 dollars in 2004 $715.1 dollars in 2021
$1,000 dollars in 2004 $1,430.2 dollars in 2021
$5,000 dollars in 2004 $7,151.01 dollars in 2021
$10,000 dollars in 2004 $14,302.03 dollars in 2021
$50,000 dollars in 2004 $71,510.15 dollars in 2021
$100,000 dollars in 2004 $143,020.3 dollars in 2021
$500,000 dollars in 2004 $715,101.48 dollars in 2021
$1,000,000 dollars in 2004 $1,430,202.97 dollars in 2021
Cumulative inflation From 2004 58.11%
Avg. annual inflation From 2004 2.58%
CPI 2004 78.23
CPI today 123.7

Value of Dollar over time (by year)

Period Value
2004 100
2005 103.04
2006 106.5
2007 109.04
2008 113.35
2009 115.75
2010 118.41
2011 123.18
2012 124.49
2013 125.9
2014 127.45
2015 127.82
2016 128.65
2017 131.03
2018 133.12
2019 135.28
2020 137.6
2021 143.02
2022-Q2 151.71
Today 158.11

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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