R

# Value of 1982 South African Rand today

R100 in 1982
R2,400.66 in 2024

The inflation rate in South Africa between 1982 and today has been 2,300.66%, which translates into a total increase of R2,300.66. This means that 100 rand in 1982 are equivalent to 2,400.66 rand in 2024. In other words, the purchasing power of R100 in 1982 equals R2,400.66 today. The average annual inflation rate between these periods has been 7.86%.

## Inflation timeline in South Africa (1982 - 2024)

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 1982-2023 2,175.19%
Cumulative inflation 1982-today 2,300.66%
Avg. Annual inflation 1982-2023 7.92%
CPI 1982 6.57
CPI 2023 149.54
CPI 2024-07 (latest official data) 156.9
CPI today 157.79

## 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 1982 and 2023, use the corresponding CPI values:

Value2023
=Value1982 ×
CPI2023/CPI1982
=R 100 ×
149.54/6.57
R2,275.19

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 157.79:

Valuetoday
=Value1982 ×
CPItoday/CPI1982
=R 100 ×
157.79/6.57
R2,400.66

### 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 41 years between 1982 and 2023 and the average inflation rate was 7.919%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=R100 × (1 + 0.07919)41
R2,275.19

## South Africa inflation - Conversion table

Initial Value Equivalent value
R1 rand in 1982 R22.75 rand in 2023
R5 rand in 1982 R113.76 rand in 2023
R10 rand in 1982 R227.52 rand in 2023
R50 rand in 1982 R1,137.59 rand in 2023
R100 rand in 1982 R2,275.19 rand in 2023
R500 rand in 1982 R11,375.94 rand in 2023
R1,000 rand in 1982 R22,751.88 rand in 2023
R5,000 rand in 1982 R113,759.41 rand in 2023
R10,000 rand in 1982 R227,518.82 rand in 2023
R50,000 rand in 1982 R1,137,594.11 rand in 2023
R100,000 rand in 1982 R2,275,188.23 rand in 2023
R500,000 rand in 1982 R11,375,941.15 rand in 2023
R1,000,000 rand in 1982 R22,751,882.29 rand in 2023
 Cumulative inflation From 1982 2,300.66% Avg. annual inflation From 1982 7.86% CPI 1982 6.57 CPI today 157.79

### Value of Rand over time (by year)

Period Value
1982 100
1983 112.3
1984 125.25
1985 145.66
1986 172.83
1987 200.76
1988 226.41
1989 259.77
1990 296.97
1991 342.51
1992 390.03
1993 427.93
1994 466.18
1995 506.65
1996 543.91
1997 590.67
1998 631.31
1999 664.02
2000 699.48
2001 739.36
2002 809.56
2003 855.54
2004 849.62
2005 867.14
2006 895.27
2007 950.58
2008 1,046.35
2009 1,121.84
2010 1,167.72
2011 1,226.1
2012 1,296.29
2013 1,371.28
2014 1,455.33
2015 1,521.41
2016 1,621.39
2017 1,705.45
2018 1,782.49
2019 1,855.93
2020 1,915.51
2021 2,003.84
2022 2,144.91
2023 2,275.19
2024-07 2,387.15
Today 2,400.66

All available years

Today's value of south african rand by year:

1957 | 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 | 2022 | 2023 |

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