R

Value of 1989 South African Rand today

R100 in 1989
R855.22 in 2023

The inflation rate in South Africa between 1989 and today has been 755.22%, which translates into a total increase of R755.22. This means that 100 rand in 1989 are equivalent to 855.22 rand in 2023. In other words, the purchasing power of R100 in 1989 equals R855.22 today. The average annual inflation rate between these periods has been 6.52%.

Inflation timeline in South Africa (1989 - 2023)

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 1989-2022 725.71%
Cumulative inflation 1989-today 755.22%
Avg. Annual inflation 1989-2022 6.61%
CPI 1989 17.07
CPI 2022 140.98
CPI 2022-12 (latest official data) 145.16
CPI today 146.02

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 1989 and 2022, use the corresponding CPI values:

Value2022
=Value1989 ×
CPI2022/CPI1989
=R 100 ×
140.98/17.07
R825.71

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 146.02:

Valuetoday
=Value1989 ×
CPItoday/CPI1989
=R 100 ×
146.02/17.07
R855.22

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 33 years between 1989 and 2022 and the average inflation rate was 6.6062%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=R100 × (1 + 0.066062)33
R825.71

South Africa inflation - Conversion table

Initial Value Equivalent value
R1 rand in 1989 R8.26 rand in 2022
R5 rand in 1989 R41.29 rand in 2022
R10 rand in 1989 R82.57 rand in 2022
R50 rand in 1989 R412.85 rand in 2022
R100 rand in 1989 R825.71 rand in 2022
R500 rand in 1989 R4,128.53 rand in 2022
R1,000 rand in 1989 R8,257.05 rand in 2022
R5,000 rand in 1989 R41,285.27 rand in 2022
R10,000 rand in 1989 R82,570.55 rand in 2022
R50,000 rand in 1989 R412,852.74 rand in 2022
R100,000 rand in 1989 R825,705.47 rand in 2022
R500,000 rand in 1989 R4,128,527.36 rand in 2022
R1,000,000 rand in 1989 R8,257,054.72 rand in 2022
Cumulative inflation From 1989 755.22%
Avg. annual inflation From 1989 6.52%
CPI 1989 17.07
CPI today 146.02

Value of Rand over time (by year)

Period Value
1989 100
1990 114.32
1991 131.85
1992 150.15
1993 164.74
1994 179.46
1995 195.04
1996 209.38
1997 227.38
1998 243.03
1999 255.62
2000 269.27
2001 284.62
2002 311.65
2003 329.35
2004 327.07
2005 333.82
2006 344.64
2007 365.94
2008 402.8
2009 431.87
2010 449.53
2011 472
2012 499.02
2013 527.89
2014 560.25
2015 585.68
2016 624.17
2017 656.53
2018 686.19
2019 714.46
2020 737.39
2021 771.4
2022 825.71
2022-12 850.16
Today 855.22

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 | 2022 |

Other currencies: