This tool is useful to calculate the time value of money based on historical inflation and CPI values. To start, select an amount and two years, or browse the default calculation results.
The inflation rate in South Africa between 1958 and 2022 was 10,524.73%, which translates into a total increase of R10,524.73. This means that 100 rand in 1958 are equivalent to 10,624.73 rand in 2022. In other words, the purchasing power of R100 in 1958 equals R10,624.73 in 2022. The average annual inflation rate between these periods was 7.56%.
The following chart depicts the equivalence of R100 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 (ZAR) 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.
The following table contains relevant indicators:
Indicator | Value |
---|---|
Cumulative inflation from 1958 to 2022 | 10,524.73% |
Avg. Annual inflation from 1958 to 2022 | 7.56% |
CPI 1958 | 1.33 |
CPI 2022 | 140.98 |
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.
When we have both the start and end years, we can use the following formula:
To obtain the values equivalent in buying power between 1958 and 2022, use the corresponding CPI values:
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:
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 R100 worth today. There are 64 years between 1958 and 2022 and the average inflation rate was 7.5626%. Therefore, we can resolve the formula like this:
Initial Value | Equivalent value | |
---|---|---|
R1 rand in 1958 | → | R106.25 rand in 2022 |
R5 rand in 1958 | → | R531.24 rand in 2022 |
R10 rand in 1958 | → | R1,062.47 rand in 2022 |
R50 rand in 1958 | → | R5,312.36 rand in 2022 |
R100 rand in 1958 | → | R10,624.73 rand in 2022 |
R500 rand in 1958 | → | R53,123.63 rand in 2022 |
R1,000 rand in 1958 | → | R106,247.27 rand in 2022 |
R5,000 rand in 1958 | → | R531,236.34 rand in 2022 |
R10,000 rand in 1958 | → | R1,062,472.68 rand in 2022 |
R50,000 rand in 1958 | → | R5,312,363.41 rand in 2022 |
R100,000 rand in 1958 | → | R10,624,726.81 rand in 2022 |
R500,000 rand in 1958 | → | R53,123,634.05 rand in 2022 |
R1,000,000 rand in 1958 | → | R106,247,268.1 rand in 2022 |
Cumulative inflation 1958-2022 | 10,524.73% |
Avg. annual inflation 1958-2022 | 7.56% |
CPI 1958 | 1.33 |
CPI 2022 | 140.98 |
Period | Value |
---|---|
1958 | 100 |
1959 | 101.22 |
1960 | 102.52 |
1961 | 104.68 |
1962 | 105.98 |
1963 | 107.4 |
1964 | 110.12 |
1965 | 114.61 |
1966 | 118.6 |
1967 | 122.8 |
1968 | 125.24 |
1969 | 129.3 |
1970 | 135.75 |
1971 | 143.84 |
1972 | 153.08 |
1973 | 167.52 |
1974 | 187.16 |
1975 | 212.29 |
1976 | 235.69 |
1977 | 261.97 |
1978 | 291.14 |
1979 | 329.85 |
1980 | 374.9 |
1981 | 432.09 |
1982 | 495.35 |
1983 | 556.29 |
1984 | 620.41 |
1985 | 721.5 |
1986 | 856.1 |
1987 | 994.45 |
1988 | 1,121.53 |
1989 | 1,286.75 |
1990 | 1,471.02 |
1991 | 1,696.6 |
1992 | 1,932 |
1993 | 2,119.74 |
1994 | 2,309.21 |
1995 | 2,509.66 |
1996 | 2,694.22 |
1997 | 2,925.87 |
1998 | 3,127.18 |
1999 | 3,289.22 |
2000 | 3,464.83 |
2001 | 3,662.39 |
2002 | 4,010.12 |
2003 | 4,237.87 |
2004 | 4,208.54 |
2005 | 4,295.36 |
2006 | 4,434.7 |
2007 | 4,708.66 |
2008 | 5,183.04 |
2009 | 5,557.01 |
2010 | 5,784.28 |
2011 | 6,073.45 |
2012 | 6,421.14 |
2013 | 6,792.57 |
2014 | 7,208.94 |
2015 | 7,536.27 |
2016 | 8,031.51 |
2017 | 8,447.88 |
2018 | 8,829.49 |
2019 | 9,193.29 |
2020 | 9,488.39 |
2021 | 9,925.96 |
2022 | 10,624.73 |
All available years
Today's value of south african rand by year:
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 |
Other currencies: