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Value of 1986 South African Rand today

R100 in 1986
R1,270.68 in 2022

The inflation rate in South Africa between 1986 and today has been 1,170.68%, which translates into a total increase of R1,170.68. This means that 100 rand in 1986 are equivalent to 1,270.68 rand in 2022. In other words, the purchasing power of R100 in 1986 equals R1,270.68 today. The average annual inflation rate between these periods has been 7.32%.

Inflation timeline in South Africa (1986 - 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 1986-2021 1,059.44%
Cumulative inflation 1986-today 1,170.68%
Avg. Annual inflation 1986-2021 7.25%
CPI 1986 11.36
CPI 2021 131.71
CPI 2022-08 (latest official data) 143.54
CPI today 144.35

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 1986 and 2021, use the corresponding CPI values:

Value2021
=Value1986 ×
CPI2021/CPI1986
=R 100 ×
131.71/11.36
R1,159.44

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 144.35:

Valuetoday
=Value1986 ×
CPItoday/CPI1986
=R 100 ×
144.35/11.36
R1,270.68

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 35 years between 1986 and 2021 and the average inflation rate was 7.2524%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=R100 × (1 + 0.072524)35
R1,159.44

South Africa inflation - Conversion table

Initial Value Equivalent value
R1 rand in 1986 R11.59 rand in 2021
R5 rand in 1986 R57.97 rand in 2021
R10 rand in 1986 R115.94 rand in 2021
R50 rand in 1986 R579.72 rand in 2021
R100 rand in 1986 R1,159.44 rand in 2021
R500 rand in 1986 R5,797.22 rand in 2021
R1,000 rand in 1986 R11,594.44 rand in 2021
R5,000 rand in 1986 R57,972.18 rand in 2021
R10,000 rand in 1986 R115,944.36 rand in 2021
R50,000 rand in 1986 R579,721.81 rand in 2021
R100,000 rand in 1986 R1,159,443.61 rand in 2021
R500,000 rand in 1986 R5,797,218.06 rand in 2021
R1,000,000 rand in 1986 R11,594,436.12 rand in 2021
Cumulative inflation From 1986 1,170.68%
Avg. annual inflation From 1986 7.32%
CPI 1986 11.36
CPI today 144.35

Value of Rand over time (by year)

Period Value
1986 100
1987 116.16
1988 131.01
1989 150.3
1990 171.83
1991 198.18
1992 225.67
1993 247.6
1994 269.74
1995 293.15
1996 314.71
1997 341.77
1998 365.28
1999 384.21
2000 404.72
2001 427.8
2002 468.42
2003 495.02
2004 491.6
2005 501.74
2006 518.01
2007 550.02
2008 605.43
2009 649.11
2010 675.66
2011 709.44
2012 750.05
2013 793.43
2014 842.07
2015 880.31
2016 938.15
2017 986.79
2018 1,031.37
2019 1,073.86
2020 1,108.33
2021 1,159.44
2022-08 1,263.55
Today 1,270.68

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 |

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