$

Value of 2010 New Zealand Dollars today

$100 in 2010
$139.97 in 2023

The inflation rate in New Zealand between 2010 and today has been 39.97%, which translates into a total increase of $39.97. This means that 100 dollars in 2010 are equivalent to 139.97 dollars in 2023. In other words, the purchasing power of $100 in 2010 equals $139.97 today. The average annual inflation rate between these periods has been 2.62%.

Inflation timeline in New Zealand (2010 - 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 2010-2022 29.44%
Cumulative inflation 2010-today 39.97%
Avg. Annual inflation 2010-2022 2.17%
CPI 2010 92.64
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 2010 and 2022, use the corresponding CPI values:

Value2022
=Value2010 ×
CPI2022/CPI2010
=$ 100 ×
119.92/92.64
$129.44

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

Valuetoday
=Value2010 ×
CPItoday/CPI2010
=$ 100 ×
129.67/92.64
$139.97

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 12 years between 2010 and 2022 and the average inflation rate was 2.1738%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=$100 × (1 + 0.021738)12
$129.44

New Zealand inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 2010 $1.29 dollars in 2022
$5 dollars in 2010 $6.47 dollars in 2022
$10 dollars in 2010 $12.94 dollars in 2022
$50 dollars in 2010 $64.72 dollars in 2022
$100 dollars in 2010 $129.44 dollars in 2022
$500 dollars in 2010 $647.21 dollars in 2022
$1,000 dollars in 2010 $1,294.42 dollars in 2022
$5,000 dollars in 2010 $6,472.09 dollars in 2022
$10,000 dollars in 2010 $12,944.18 dollars in 2022
$50,000 dollars in 2010 $64,720.91 dollars in 2022
$100,000 dollars in 2010 $129,441.81 dollars in 2022
$500,000 dollars in 2010 $647,209.06 dollars in 2022
$1,000,000 dollars in 2010 $1,294,418.12 dollars in 2022
Cumulative inflation From 2010 39.97%
Avg. annual inflation From 2010 2.62%
CPI 2010 92.64
CPI today 129.67

Value of Dollar over time (by year)

Period Value
2010 100
2011 104.03
2012 105.13
2013 106.32
2014 107.63
2015 107.94
2016 108.64
2017 110.65
2018 112.42
2019 114.24
2020 116.2
2021 120.78
2022 129.44
2022-Q4 132.75
Today 139.97

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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