Value of 1980 South African Rand today

R520,000 in 1980

R14,309,304.96 in 2021

The inflation rate in South Africa between 1980 and today has been 2,651.79%, which translates into a total increase of R13,789,304.96. This means that 520,000 rand in 1980 are equivalent to 14,309,304.96 rand in 2021. In other words, the purchasing power of R520,000 in 1980 equals R14,309,304.96 today. The average annual inflation rate has been 8.21%.

Inflation timeline in South Africa (1980-2021)

The following chart depicts the equivalence of R520,000 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 (1980-2021) 2,645.21%
Total Inflation* 2,651.79%
Annual inflation avg. (1980-2021) 8.41%
Annual inflation avg.* 8.21%
CPI 1980 4.65
CPI 2021 127.53
CPI today* 127.84
R1 in 1980 R27.45 in 2021

* 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 with 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 R520,000 worth today. There are 41 years between 1980 and 2021 and the average inflation rate has been 8.2123%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = R520000 * (1 + 0.08)41 = R14,275,067.71

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 1980 was 4.65 and the CPI today is 127.84. Therefore,

Final value = Initial value *
CPI final/CPI initial
= R520,000 *
127.53/4.65
= R14,275,067.71

South Africa inflation - Conversion table

Initial Value Equivalent value
R1 rand in 1980 R27.52 rand today
R5 rand in 1980 R137.59 rand today
R10 rand in 1980 R275.18 rand today
R50 rand in 1980 R1,375.89 rand today
R100 rand in 1980 R2,751.79 rand today
R500 rand in 1980 R13,758.95 rand today
R1,000 rand in 1980 R27,517.89 rand today
R5,000 rand in 1980 R137,589.47 rand today
R10,000 rand in 1980 R275,178.94 rand today
R50,000 rand in 1980 R1,375,894.71 rand today
R100,000 rand in 1980 R2,751,789.42 rand today
R500,000 rand in 1980 R13,758,947.08 rand today
R1,000,000 rand in 1980 R27,517,894.16 rand today

Value of Rand over time (by year)

Period Value
1980 520,000
1981 602,376.14
1982 684,752.38
1983 777,425.7
1984 859,801.95
1985 973,069.19
1986 1,153,267.02
1987 1,364,356.29
1988 1,565,148.82
1989 1,760,792.42
1990 2,033,663.23
1991 2,327,128.63
1992 2,708,119.1
1993 2,965,544.24
1994 3,248,712.91
1995 3,567,920.71
1996 3,815,049.12
1997 4,170,297.18
1998 4,427,722.33
1999 4,824,158.46
2000 4,932,277
2001 5,277,227.21
2002 5,519,207.81
2003 6,264,765.9
2004 6,162,367.15
2005 6,297,871.27
2006 6,424,906.52
2007 6,734,410.83
2008 7,244,092.05
2009 7,918,393.45
2010 8,406,430.13
2011 8,687,051.2
2012 9,236,092.61
2013 9,772,932.18
2014 10,285,371.43
2015 10,834,411.72
2016 11,395,652.73
2017 12,200,911.52
2018 12,749,955.17
2019 13,311,199.54
2020 13,848,042.47
2021 14,275,067.71
Today 14,309,304.96