Value of 1990 South African Rand today

R100 in 1990

R655.75 today

The inflation rate in South Africa between 1990 and today has been 555.75%, which translates into a total increase of R555.75. This means that 100 rand in 1990 are equivalent to 655.75 rand in 2018. In other words, the purchasing power of R100 in 1990 equals R655.75 today. The average annual inflation rate has been 6.7%.

Inflation timeline in South Africa (1990-2019)

The following chart ilustrates the equivalence of R100 throughout the years due to inflation and CPI changes. All values are equivalent in terms of purchashing 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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1990-2018) 526.95%
Total Inflation* 555.75%
Annual inflation avg. (1990-2018) 6.78%
Annual inflation avg.* 6.7%
CPI 1990 18.17
CPI 2018 113.91
CPI today* 119.14
R1 in 1990 R6.27 in 2018

* Values extrapolated from the last official data to obtain today's values.

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 compound interest formula or the Consumer Price Index (CPI) formula.

Using the compound interest formula

Given that money changes in time as a result of an inflation rate that acts as a compound interest, the following formula can be used: 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 28 years between 1990 and 2018 and the average inflation rate has been 6.6998%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = R100 * (1 + 0.07)28 = R626.95

Using the CPI formula

When the CPI for both start and end years is known, the following formula can be used:

Final value = Initial value *
CPI final/CPI initial

In this case, the CPI in 1990 was 18.17 and the CPI today is 119.14. Therefore,

Final value = Initial value *
CPI final/CPI initial
= R100 *
113.91/18.17
= R626.95

South Africa inflation - Conversion table

Initial Value Equivalent value
R1 rand in 1990 R6.56 rand today
R5 rand in 1990 R32.79 rand today
R10 rand in 1990 R65.58 rand today
R50 rand in 1990 R327.88 rand today
R100 rand in 1990 R655.75 rand today
R500 rand in 1990 R3,278.77 rand today
R1,000 rand in 1990 R6,557.55 rand today
R5,000 rand in 1990 R32,787.74 rand today
R10,000 rand in 1990 R65,575.48 rand today
R50,000 rand in 1990 R327,877.39 rand today
R100,000 rand in 1990 R655,754.78 rand today
R500,000 rand in 1990 R3,278,773.89 rand today
R1,000,000 rand in 1990 R6,557,547.78 rand today

Value of Rand in time (by year)

Period Value
1990 100
1991 114.43
1992 133.16
1993 145.82
1994 159.75
1995 175.44
1996 187.59
1997 205.06
1998 217.72
1999 237.22
2000 242.53
2001 259.49
2002 271.39
2003 308.05
2004 303.02
2005 309.68
2006 315.93
2007 331.15
2008 356.21
2009 389.37
2010 413.36
2011 427.16
2012 454.16
2013 480.56
2014 505.76
2015 532.75
2016 560.35
2017 599.95
2018 626.95
Today 655.75