Value of 1958 South African Rand today

R100 in 1958

R9,162.73 in 2019

The inflation rate in South Africa between 1958 and today has been 9,062.73%, which translates into a total increase of R9,062.73. This means that 100 rand in 1958 are equivalent to 9,162.73 rand in 2019. In other words, the purchasing power of R100 in 1958 equals R9,162.73 today. The average annual inflation rate has been 7.56%.

Inflation timeline in South Africa (1958-2019)

The following chart ilustrates the equivalence of R100 throughout the years due to inflation and CPI changes. All values are equivalent in terms of purchashing 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. Today's values were obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1958-2019) 9,042.61%
Total Inflation* 9,062.73%
Annual inflation avg. (1958-2019) 7.68%
Annual inflation avg.* 7.56%
CPI 1958 1.3
CPI 2019 118.92
CPI today* 119.18
R1 in 1958 R91.43 in 2019

* Values extrapolated from the last official data to obtain today's values.

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 compound interest formula or the Consumer Price Index (CPI) formula.

Using the compound interest formula

Given that money changes in time as a result of an inflation rate that acts as a compound interest, the following formula can be used: 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 R100 worth today. There are 61 years between 1958 and 2019 and the average inflation rate has been 7.5587%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = R100 * (1 + 0.08)61 = R9,142.61

Using the CPI formula

When the CPI for both start and end years is known, the following formula can be used:

Final value = Initial value *
CPI final/CPI initial

In this case, the CPI in 1958 was 1.3 and the CPI today is 119.18. Therefore,

Final value = Initial value *
CPI final/CPI initial
= R100 *
118.92/1.3
= R9,142.61

South Africa inflation - Conversion table

Initial Value Equivalent value
R1 rand in 1958 R91.63 rand today
R5 rand in 1958 R458.14 rand today
R10 rand in 1958 R916.27 rand today
R50 rand in 1958 R4,581.36 rand today
R100 rand in 1958 R9,162.73 rand today
R500 rand in 1958 R45,813.65 rand today
R1,000 rand in 1958 R91,627.29 rand today
R5,000 rand in 1958 R458,136.45 rand today
R10,000 rand in 1958 R916,272.91 rand today
R50,000 rand in 1958 R4,581,364.54 rand today
R100,000 rand in 1958 R9,162,729.08 rand today
R500,000 rand in 1958 R45,813,645.41 rand today
R1,000,000 rand in 1958 R91,627,290.82 rand today

Value of Rand in time (by year)

Period Value
1958 100
1959 103.13
1960 103.82
1961 105.21
1962 107.29
1963 109.03
1964 110.07
1965 114.93
1966 118.75
1967 123.26
1968 126.04
1969 129.51
1970 134.38
1971 141.45
1972 152.06
1973 162.66
1974 176.81
1975 201.56
1976 226.32
1977 251.07
1978 279.36
1979 311.18
1980 357.15
1981 413.73
1982 470.31
1983 533.96
1984 590.54
1985 668.34
1986 792.1
1987 937.09
1988 1,075
1989 1,209.38
1990 1,396.79
1991 1,598.35
1992 1,860.03
1993 2,036.84
1994 2,231.33
1995 2,450.58
1996 2,620.31
1997 2,864.31
1998 3,041.12
1999 3,313.4
2000 3,387.66
2001 3,624.59
2002 3,790.79
2003 4,302.86
2004 4,232.53
2005 4,325.6
2006 4,412.85
2007 4,625.43
2008 4,975.5
2009 5,438.63
2010 5,773.84
2011 5,966.58
2012 6,343.68
2013 6,712.4
2014 7,064.36
2015 7,441.46
2016 7,826.94
2017 8,380.02
2018 8,757.12
2019 9,142.61
Today 9,162.73