Value of 1964 South African Rand today

R100 in 1964

R8,327.55 in 2019

The inflation rate in South Africa between 1964 and today has been 8,227.55%, which translates into a total increase of R8,227.55. This means that 100 rand in 1964 are equivalent to 8,327.55 rand in 2019. In other words, the purchasing power of R100 in 1964 equals R8,327.55 today. The average annual inflation rate has been 8.22%.

Inflation timeline in South Africa (1964-2019)

The following chart depicts the equivalence of R100 throughout the years due to 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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1964-2019) 8,206.22%
Total Inflation* 8,227.55%
Annual inflation avg. (1964-2019) 8.37%
Annual inflation avg.* 8.22%
CPI 1964 1.43
CPI 2019 118.92
CPI today* 119.23
R1 in 1964 R83.06 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 55 years between 1964 and 2019 and the average inflation rate has been 8.2169%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = R100 * (1 + 0.08)55 = R8,306.22

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 1964 was 1.43 and the CPI today is 119.23. Therefore,

Final value = Initial value *
CPI final/CPI initial
= R100 *
118.92/1.43
= R8,306.22

South Africa inflation - Conversion table

Initial Value Equivalent value
R1 rand in 1964 R83.28 rand today
R5 rand in 1964 R416.38 rand today
R10 rand in 1964 R832.75 rand today
R50 rand in 1964 R4,163.77 rand today
R100 rand in 1964 R8,327.55 rand today
R500 rand in 1964 R41,637.74 rand today
R1,000 rand in 1964 R83,275.49 rand today
R5,000 rand in 1964 R416,377.44 rand today
R10,000 rand in 1964 R832,754.87 rand today
R50,000 rand in 1964 R4,163,774.35 rand today
R100,000 rand in 1964 R8,327,548.71 rand today
R500,000 rand in 1964 R41,637,743.54 rand today
R1,000,000 rand in 1964 R83,275,487.09 rand today

Value of Rand in time (by year)

Period Value
1964 100
1965 104.42
1966 107.89
1967 111.99
1968 114.51
1969 117.67
1970 122.08
1971 128.51
1972 138.15
1973 147.78
1974 160.63
1975 183.12
1976 205.61
1977 228.1
1978 253.8
1979 282.72
1980 324.48
1981 375.88
1982 427.29
1983 485.12
1984 536.52
1985 607.2
1986 719.64
1987 851.36
1988 976.66
1989 1,098.74
1990 1,269.01
1991 1,452.13
1992 1,689.87
1993 1,850.51
1994 2,027.2
1995 2,226.39
1996 2,380.6
1997 2,602.28
1998 2,762.91
1999 3,010.29
2000 3,077.75
2001 3,293
2002 3,444
2003 3,909.23
2004 3,845.33
2005 3,929.89
2006 4,009.16
2007 4,202.29
2008 4,520.33
2009 4,941.1
2010 5,245.63
2011 5,420.74
2012 5,763.34
2013 6,098.33
2014 6,418.1
2015 6,760.7
2016 7,110.91
2017 7,613.4
2018 7,956
2019 8,306.22
Today 8,327.55