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Value of 1983 South African Rand today

R100 in 1983
R1,880.05 in 2022

The inflation rate in South Africa between 1983 and today has been 1,780.05%, which translates into a total increase of R1,780.05. This means that 100 rand in 1983 are equivalent to 1,880.05 rand in 2022. In other words, the purchasing power of R100 in 1983 equals R1,880.05 today. The average annual inflation rate between these periods has been 7.81%.

Inflation timeline in South Africa (1983 - 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 1983-2021 1,684.31%
Cumulative inflation 1983-today 1,780.05%
Avg. Annual inflation 1983-2021 7.88%
CPI 1983 7.38
CPI 2021 131.71
CPI 2022-03 (latest official data) 137.59
CPI today 138.78

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 1983 and 2021, use the corresponding CPI values:

Value2021
=Value1983 ×
CPI2021/CPI1983
=R 100 ×
131.71/7.38
R1,784.31

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 138.78:

Valuetoday
=Value1983 ×
CPItoday/CPI1983
=R 100 ×
138.78/7.38
R1,880.05

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 38 years between 1983 and 2021 and the average inflation rate was 7.8781%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=R100 × (1 + 0.078781)38
R1,784.31

South Africa inflation - Conversion table

Initial Value Equivalent value
R1 rand in 1983 R17.84 rand in 2021
R5 rand in 1983 R89.22 rand in 2021
R10 rand in 1983 R178.43 rand in 2021
R50 rand in 1983 R892.16 rand in 2021
R100 rand in 1983 R1,784.31 rand in 2021
R500 rand in 1983 R8,921.57 rand in 2021
R1,000 rand in 1983 R17,843.15 rand in 2021
R5,000 rand in 1983 R89,215.73 rand in 2021
R10,000 rand in 1983 R178,431.46 rand in 2021
R50,000 rand in 1983 R892,157.3 rand in 2021
R100,000 rand in 1983 R1,784,314.6 rand in 2021
R500,000 rand in 1983 R8,921,573 rand in 2021
R1,000,000 rand in 1983 R17,843,145.99 rand in 2021
Cumulative inflation From 1983 1,780.05%
Avg. annual inflation From 1983 7.81%
CPI 1983 7.38
CPI today 138.78

Value of Rand over time (by year)

Period Value
1983 100
1984 111.53
1985 129.7
1986 153.89
1987 178.76
1988 201.61
1989 231.31
1990 264.43
1991 304.98
1992 347.3
1993 381.05
1994 415.11
1995 451.14
1996 484.32
1997 525.96
1998 562.15
1999 591.28
2000 622.85
2001 658.36
2002 720.87
2003 761.81
2004 756.54
2005 772.14
2006 797.19
2007 846.44
2008 931.72
2009 998.94
2010 1,039.8
2011 1,091.78
2012 1,154.28
2013 1,221.05
2014 1,295.9
2015 1,354.74
2016 1,443.76
2017 1,518.61
2018 1,587.21
2019 1,652.61
2020 1,705.66
2021 1,784.31
2022-03 1,864.04
Today 1,880.05

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 |

Other currencies: