R

Value of 1990 South African Rand today

R100 in 1990
R804.6 in 2024

The inflation rate in South Africa between 1990 and today has been 704.6%, which translates into a total increase of R704.6. This means that 100 rand in 1990 are equivalent to 804.6 rand in 2024. In other words, the purchasing power of R100 in 1990 equals R804.6 today. The average annual inflation rate between these periods has been 6.32%.

Inflation timeline in South Africa (1990 - 2024)

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 1990-2023 666.14%
Cumulative inflation 1990-today 704.6%
Avg. Annual inflation 1990-2023 6.36%
CPI 1990 19.52
CPI 2023 149.54
CPI 2024-05 (latest official data) 156.09
CPI today 157.05

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 1990 and 2023, use the corresponding CPI values:

Value2023
=Value1990 ×
CPI2023/CPI1990
=R 100 ×
149.54/19.52
R766.14

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 157.05:

Valuetoday
=Value1990 ×
CPItoday/CPI1990
=R 100 ×
157.05/19.52
R804.6

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 33 years between 1990 and 2023 and the average inflation rate was 6.3646%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=R100 × (1 + 0.063646)33
R766.14

South Africa inflation - Conversion table

Initial Value Equivalent value
R1 rand in 1990 R7.66 rand in 2023
R5 rand in 1990 R38.31 rand in 2023
R10 rand in 1990 R76.61 rand in 2023
R50 rand in 1990 R383.07 rand in 2023
R100 rand in 1990 R766.14 rand in 2023
R500 rand in 1990 R3,830.7 rand in 2023
R1,000 rand in 1990 R7,661.39 rand in 2023
R5,000 rand in 1990 R38,306.97 rand in 2023
R10,000 rand in 1990 R76,613.95 rand in 2023
R50,000 rand in 1990 R383,069.75 rand in 2023
R100,000 rand in 1990 R766,139.49 rand in 2023
R500,000 rand in 1990 R3,830,697.47 rand in 2023
R1,000,000 rand in 1990 R7,661,394.93 rand in 2023
Cumulative inflation From 1990 704.6%
Avg. annual inflation From 1990 6.32%
CPI 1990 19.52
CPI today 157.05

Value of Rand over time (by year)

Period Value
1990 100
1991 115.33
1992 131.34
1993 144.1
1994 156.98
1995 170.61
1996 183.15
1997 198.9
1998 212.59
1999 223.6
2000 235.54
2001 248.97
2002 272.61
2003 288.09
2004 286.1
2005 292
2006 301.47
2007 320.1
2008 352.34
2009 377.77
2010 393.22
2011 412.87
2012 436.51
2013 461.76
2014 490.06
2015 512.32
2016 545.98
2017 574.29
2018 600.23
2019 624.96
2020 645.02
2021 674.77
2022 722.27
2023 766.14
2024-05 799.69
Today 804.6

All available years

Today's value of south african rand by year:

1957 | 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 | 2023 |

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