R

Value of 1958 South African Rand today

R100 in 1958
R10,480.24 in 2022

The inflation rate in South Africa between 1958 and today has been 10,380.24%, which translates into a total increase of R10,380.24. This means that 100 rand in 1958 are equivalent to 10,480.24 rand in 2022. In other words, the purchasing power of R100 in 1958 equals R10,480.24 today. The average annual inflation rate between these periods has been 7.54%.

Inflation timeline in South Africa (1958 - 2022)

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. Today's values were extrapolated from the latest 12-month rolling average official data.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation 1958-2021 9,825.96%
Cumulative inflation 1958-today 10,380.24%
Avg. Annual inflation 1958-2021 7.57%
CPI 1958 1.33
CPI 2021 131.71
CPI 2022-04 (latest official data) 138.4
CPI today 139.06

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 1958 and 2021, use the corresponding CPI values:

Value2021
=Value1958 ×
CPI2021/CPI1958
=R 100 ×
131.71/1.33
R9,925.96

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 139.06:

Valuetoday
=Value1958 ×
CPItoday/CPI1958
=R 100 ×
139.06/1.33
R10,480.24

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 R100 worth today. There are 63 years between 1958 and 2021 and the average inflation rate was 7.5709%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=R100 × (1 + 0.075709)63
R9,925.96

South Africa inflation - Conversion table

Initial Value Equivalent value
R1 rand in 1958 R99.26 rand in 2021
R5 rand in 1958 R496.3 rand in 2021
R10 rand in 1958 R992.6 rand in 2021
R50 rand in 1958 R4,962.98 rand in 2021
R100 rand in 1958 R9,925.96 rand in 2021
R500 rand in 1958 R49,629.82 rand in 2021
R1,000 rand in 1958 R99,259.64 rand in 2021
R5,000 rand in 1958 R496,298.18 rand in 2021
R10,000 rand in 1958 R992,596.37 rand in 2021
R50,000 rand in 1958 R4,962,981.83 rand in 2021
R100,000 rand in 1958 R9,925,963.66 rand in 2021
R500,000 rand in 1958 R49,629,818.32 rand in 2021
R1,000,000 rand in 1958 R99,259,636.63 rand in 2021
Cumulative inflation From 1958 10,380.24%
Avg. annual inflation From 1958 7.54%
CPI 1958 1.33
CPI today 139.06

Value of Rand over time (by year)

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
2022-04 10,430.53
Today 10,480.24

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 |

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