R

Value of 1984 South African Rand today

R100 in 1984
R1,764.6 in 2022

The inflation rate in South Africa between 1984 and today has been 1,664.6%, which translates into a total increase of R1,664.6. This means that 100 rand in 1984 are equivalent to 1,764.6 rand in 2022. In other words, the purchasing power of R100 in 1984 equals R1,764.6 today. The average annual inflation rate between these periods has been 7.85%.

Inflation timeline in South Africa (1984 - 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 1984-2021 1,499.9%
Cumulative inflation 1984-today 1,664.6%
Avg. Annual inflation 1984-2021 7.78%
CPI 1984 8.23
CPI 2021 131.71
CPI 2022-09 (latest official data) 143.67
CPI today 145.27

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 1984 and 2021, use the corresponding CPI values:

Value2021
=Value1984 ×
CPI2021/CPI1984
=R 100 ×
131.71/8.23
R1,599.9

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 145.27:

Valuetoday
=Value1984 ×
CPItoday/CPI1984
=R 100 ×
145.27/8.23
R1,764.6

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 37 years between 1984 and 2021 and the average inflation rate was 7.7812%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=R100 × (1 + 0.077812)37
R1,599.9

South Africa inflation - Conversion table

Initial Value Equivalent value
R1 rand in 1984 R16 rand in 2021
R5 rand in 1984 R80 rand in 2021
R10 rand in 1984 R159.99 rand in 2021
R50 rand in 1984 R799.95 rand in 2021
R100 rand in 1984 R1,599.9 rand in 2021
R500 rand in 1984 R7,999.51 rand in 2021
R1,000 rand in 1984 R15,999.02 rand in 2021
R5,000 rand in 1984 R79,995.12 rand in 2021
R10,000 rand in 1984 R159,990.24 rand in 2021
R50,000 rand in 1984 R799,951.22 rand in 2021
R100,000 rand in 1984 R1,599,902.43 rand in 2021
R500,000 rand in 1984 R7,999,512.17 rand in 2021
R1,000,000 rand in 1984 R15,999,024.33 rand in 2021
Cumulative inflation From 1984 1,664.6%
Avg. annual inflation From 1984 7.85%
CPI 1984 8.23
CPI today 145.27

Value of Rand over time (by year)

Period Value
1984 100
1985 116.29
1986 137.99
1987 160.29
1988 180.77
1989 207.4
1990 237.1
1991 273.46
1992 311.41
1993 341.67
1994 372.21
1995 404.52
1996 434.26
1997 471.6
1998 504.05
1999 530.17
2000 558.47
2001 590.32
2002 646.37
2003 683.08
2004 678.35
2005 692.34
2006 714.8
2007 758.96
2008 835.42
2009 895.7
2010 932.33
2011 978.94
2012 1,034.98
2013 1,094.85
2014 1,161.96
2015 1,214.72
2016 1,294.55
2017 1,361.66
2018 1,423.17
2019 1,481.81
2020 1,529.37
2021 1,599.9
2022-09 1,745.2
Today 1,764.6

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: