R

Value of 1987 South African Rand today

R100 in 1987
R1,059.56 in 2022

The inflation rate in South Africa between 1987 and today has been 959.56%, which translates into a total increase of R959.56. This means that 100 rand in 1987 are equivalent to 1,059.56 rand in 2022. In other words, the purchasing power of R100 in 1987 equals R1,059.56 today. The average annual inflation rate between these periods has been 6.98%.

Inflation timeline in South Africa (1987 - 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 1987-2021 898.14%
Cumulative inflation 1987-today 959.56%
Avg. Annual inflation 1987-2021 7%
CPI 1987 13.2
CPI 2021 131.71
CPI 2022-04 (latest official data) 138.4
CPI today 139.81

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 1987 and 2021, use the corresponding CPI values:

Value2021
=Value1987 ×
CPI2021/CPI1987
=R 100 ×
131.71/13.2
R998.14

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 139.81:

Valuetoday
=Value1987 ×
CPItoday/CPI1987
=R 100 ×
139.81/13.2
R1,059.56

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 34 years between 1987 and 2021 and the average inflation rate was 7.001%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=R100 × (1 + 0.07001)34
R998.14

South Africa inflation - Conversion table

Initial Value Equivalent value
R1 rand in 1987 R9.98 rand in 2021
R5 rand in 1987 R49.91 rand in 2021
R10 rand in 1987 R99.81 rand in 2021
R50 rand in 1987 R499.07 rand in 2021
R100 rand in 1987 R998.14 rand in 2021
R500 rand in 1987 R4,990.69 rand in 2021
R1,000 rand in 1987 R9,981.38 rand in 2021
R5,000 rand in 1987 R49,906.9 rand in 2021
R10,000 rand in 1987 R99,813.8 rand in 2021
R50,000 rand in 1987 R499,069 rand in 2021
R100,000 rand in 1987 R998,138 rand in 2021
R500,000 rand in 1987 R4,990,690 rand in 2021
R1,000,000 rand in 1987 R9,981,380 rand in 2021
Cumulative inflation From 1987 959.56%
Avg. annual inflation From 1987 6.98%
CPI 1987 13.2
CPI today 139.81

Value of Rand over time (by year)

Period Value
1987 100
1988 112.78
1989 129.39
1990 147.92
1991 170.61
1992 194.28
1993 213.16
1994 232.21
1995 252.37
1996 270.93
1997 294.22
1998 314.46
1999 330.76
2000 348.42
2001 368.28
2002 403.25
2003 426.15
2004 423.2
2005 431.93
2006 445.95
2007 473.5
2008 521.2
2009 558.8
2010 581.66
2011 610.74
2012 645.7
2013 683.05
2014 724.92
2015 757.83
2016 807.64
2017 849.5
2018 887.88
2019 924.46
2020 954.14
2021 998.14
2022-04 1,048.88
Today 1,059.56

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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