Value of 1972 South African Rand today

R100 in 1972

R6,028.84 in 2019

The inflation rate in South Africa between 1972 and today has been 5,928.84%, which translates into a total increase of R5,928.84. This means that 100 rand in 1972 are equivalent to 6,028.84 rand in 2019. In other words, the purchasing power of R100 in 1972 equals R6,028.84 today. The average annual inflation rate has been 8.92%.

Inflation timeline in South Africa (1972-2019)

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 (1972-2019) 5,912.66%
Total Inflation* 5,928.84%
Annual inflation avg. (1972-2019) 9.11%
Annual inflation avg.* 8.92%
CPI 1972 1.98
CPI 2019 118.92
CPI today* 119.24
R1 in 1972 R60.13 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 47 years between 1972 and 2019 and the average inflation rate has been 8.9151%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = R100 * (1 + 0.09)47 = R6,012.66

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 1972 was 1.98 and the CPI today is 119.24. Therefore,

Final value = Initial value *
CPI final/CPI initial
= R100 *
118.92/1.98
= R6,012.66

South Africa inflation - Conversion table

Initial Value Equivalent value
R1 rand in 1972 R60.29 rand today
R5 rand in 1972 R301.44 rand today
R10 rand in 1972 R602.88 rand today
R50 rand in 1972 R3,014.42 rand today
R100 rand in 1972 R6,028.84 rand today
R500 rand in 1972 R30,144.18 rand today
R1,000 rand in 1972 R60,288.37 rand today
R5,000 rand in 1972 R301,441.84 rand today
R10,000 rand in 1972 R602,883.68 rand today
R50,000 rand in 1972 R3,014,418.39 rand today
R100,000 rand in 1972 R6,028,836.77 rand today
R500,000 rand in 1972 R30,144,183.86 rand today
R1,000,000 rand in 1972 R60,288,367.72 rand today

Value of Rand in time (by year)

Period Value
1972 100
1973 106.98
1974 116.28
1975 132.56
1976 148.84
1977 165.12
1978 183.72
1979 204.65
1980 234.88
1981 272.09
1982 309.3
1983 351.16
1984 388.37
1985 439.53
1986 520.93
1987 616.28
1988 706.98
1989 795.35
1990 918.6
1991 1,051.16
1992 1,223.26
1993 1,339.53
1994 1,467.44
1995 1,611.63
1996 1,723.26
1997 1,883.72
1998 2,000
1999 2,179.07
2000 2,227.91
2001 2,383.72
2002 2,493.02
2003 2,829.79
2004 2,783.54
2005 2,844.75
2006 2,902.13
2007 3,041.93
2008 3,272.15
2009 3,576.73
2010 3,797.18
2011 3,923.94
2012 4,171.94
2013 4,414.43
2014 4,645.9
2015 4,893.9
2016 5,147.41
2017 5,511.15
2018 5,759.15
2019 6,012.66
Today 6,028.84