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Value of 2009 New Zealand Dollars today

$100 in 2009
$148 in 2024

The inflation rate in New Zealand between 2009 and today has been 48%, which translates into a total increase of $48. This means that 100 dollars in 2009 are equivalent to 148 dollars in 2024. In other words, the purchasing power of $100 in 2009 equals $148 today. The average annual inflation rate between these periods has been 2.65%.

Inflation timeline in New Zealand (2009 - 2024)

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 2009-2023 40.01%
Cumulative inflation 2009-today 48%
Avg. Annual inflation 2009-2023 2.43%
CPI 2009 90.56
CPI 2023 126.79
CPI 2023-Q4 (latest official data) 128.71
CPI today 134.03

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 2009 and 2023, use the corresponding CPI values:

Value2023
=Value2009 ×
CPI2023/CPI2009
=$ 100 ×
126.79/90.56
$140.01

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 134.03:

Valuetoday
=Value2009 ×
CPItoday/CPI2009
=$ 100 ×
134.03/90.56
$148

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 14 years between 2009 and 2023 and the average inflation rate was 2.4332%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=$100 × (1 + 0.024332)14
$140.01

New Zealand inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 2009 $1.4 dollars in 2023
$5 dollars in 2009 $7 dollars in 2023
$10 dollars in 2009 $14 dollars in 2023
$50 dollars in 2009 $70.01 dollars in 2023
$100 dollars in 2009 $140.01 dollars in 2023
$500 dollars in 2009 $700.07 dollars in 2023
$1,000 dollars in 2009 $1,400.14 dollars in 2023
$5,000 dollars in 2009 $7,000.68 dollars in 2023
$10,000 dollars in 2009 $14,001.36 dollars in 2023
$50,000 dollars in 2009 $70,006.78 dollars in 2023
$100,000 dollars in 2009 $140,013.55 dollars in 2023
$500,000 dollars in 2009 $700,067.77 dollars in 2023
$1,000,000 dollars in 2009 $1,400,135.54 dollars in 2023
Cumulative inflation From 2009 48%
Avg. annual inflation From 2009 2.65%
CPI 2009 90.56
CPI today 134.03

Value of Dollar over time (by year)

Period Value
2009 100
2010 102.3
2011 106.42
2012 107.55
2013 108.77
2014 110.11
2015 110.43
2016 111.14
2017 113.2
2018 115.01
2019 116.87
2020 118.87
2021 123.56
2022 132.42
2023 140.01
2023-Q4 142.13
Today 148

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 | 2023 |

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