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Value of 1972 South African Rand today

R100 in 1972
R7,109.27 in 2022

The inflation rate in South Africa between 1972 and today has been 7,009.27%, which translates into a total increase of R7,009.27. This means that 100 rand in 1972 are equivalent to 7,109.27 rand in 2022. In other words, the purchasing power of R100 in 1972 equals R7,109.27 today. The average annual inflation rate between these periods has been 8.9%.

Inflation timeline in South Africa (1972 - 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 1972-2021 6,384.13%
Cumulative inflation 1972-today 7,009.27%
Avg. Annual inflation 1972-2021 8.89%
CPI 1972 2.03
CPI 2021 131.71
CPI 2022-08 (latest official data) 143.54
CPI today 144.41

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 1972 and 2021, use the corresponding CPI values:

Value2021
=Value1972 ×
CPI2021/CPI1972
=R 100 ×
131.71/2.03
R6,484.13

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 144.41:

Valuetoday
=Value1972 ×
CPItoday/CPI1972
=R 100 ×
144.41/2.03
R7,109.27

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 49 years between 1972 and 2021 and the average inflation rate was 8.8871%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=R100 × (1 + 0.088871)49
R6,484.13

South Africa inflation - Conversion table

Initial Value Equivalent value
R1 rand in 1972 R64.84 rand in 2021
R5 rand in 1972 R324.21 rand in 2021
R10 rand in 1972 R648.41 rand in 2021
R50 rand in 1972 R3,242.07 rand in 2021
R100 rand in 1972 R6,484.13 rand in 2021
R500 rand in 1972 R32,420.66 rand in 2021
R1,000 rand in 1972 R64,841.32 rand in 2021
R5,000 rand in 1972 R324,206.62 rand in 2021
R10,000 rand in 1972 R648,413.25 rand in 2021
R50,000 rand in 1972 R3,242,066.23 rand in 2021
R100,000 rand in 1972 R6,484,132.46 rand in 2021
R500,000 rand in 1972 R32,420,662.31 rand in 2021
R1,000,000 rand in 1972 R64,841,324.62 rand in 2021
Cumulative inflation From 1972 7,009.27%
Avg. annual inflation From 1972 8.9%
CPI 1972 2.03
CPI today 144.41

Value of Rand over time (by year)

Period Value
1972 100
1973 109.43
1974 122.26
1975 138.68
1976 153.96
1977 171.13
1978 190.19
1979 215.47
1980 244.91
1981 282.26
1982 323.58
1983 363.4
1984 405.28
1985 471.32
1986 559.25
1987 649.62
1988 732.64
1989 840.57
1990 960.94
1991 1,108.3
1992 1,262.08
1993 1,384.72
1994 1,508.49
1995 1,639.43
1996 1,760
1997 1,911.32
1998 2,042.83
1999 2,148.68
2000 2,263.4
2001 2,392.45
2002 2,619.61
2003 2,768.39
2004 2,749.23
2005 2,805.94
2006 2,896.96
2007 3,075.93
2008 3,385.82
2009 3,630.12
2010 3,778.58
2011 3,967.48
2012 4,194.61
2013 4,437.24
2014 4,709.24
2015 4,923.07
2016 5,246.58
2017 5,518.58
2018 5,767.86
2019 6,005.51
2020 6,198.29
2021 6,484.13
2022-08 7,066.35
Today 7,109.27

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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