R

Value of 1992 South African Rand today

R100 in 1992
R540.97 in 2022

The inflation rate in South Africa between 1992 and today has been 440.97%, which translates into a total increase of R440.97. This means that 100 rand in 1992 are equivalent to 540.97 rand in 2022. In other words, the purchasing power of R100 in 1992 equals R540.97 today. The average annual inflation rate between these periods has been 5.79%.

Inflation timeline in South Africa (1992 - 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 1992-2021 413.77%
Cumulative inflation 1992-today 440.97%
Avg. Annual inflation 1992-2021 5.81%
CPI 1992 25.64
CPI 2021 131.71
CPI 2022-03 (latest official data) 137.59
CPI today 138.68

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 1992 and 2021, use the corresponding CPI values:

Value2021
=Value1992 ×
CPI2021/CPI1992
=R 100 ×
131.71/25.64
R513.77

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 138.68:

Valuetoday
=Value1992 ×
CPItoday/CPI1992
=R 100 ×
138.68/25.64
R540.97

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 29 years between 1992 and 2021 and the average inflation rate was 5.8057%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=R100 × (1 + 0.058057)29
R513.77

South Africa inflation - Conversion table

Initial Value Equivalent value
R1 rand in 1992 R5.14 rand in 2021
R5 rand in 1992 R25.69 rand in 2021
R10 rand in 1992 R51.38 rand in 2021
R50 rand in 1992 R256.88 rand in 2021
R100 rand in 1992 R513.77 rand in 2021
R500 rand in 1992 R2,568.84 rand in 2021
R1,000 rand in 1992 R5,137.67 rand in 2021
R5,000 rand in 1992 R25,688.37 rand in 2021
R10,000 rand in 1992 R51,376.74 rand in 2021
R50,000 rand in 1992 R256,883.69 rand in 2021
R100,000 rand in 1992 R513,767.38 rand in 2021
R500,000 rand in 1992 R2,568,836.9 rand in 2021
R1,000,000 rand in 1992 R5,137,673.8 rand in 2021
Cumulative inflation From 1992 440.97%
Avg. annual inflation From 1992 5.79%
CPI 1992 25.64
CPI today 138.68

Value of Rand over time (by year)

Period Value
1992 100
1993 109.72
1994 119.52
1995 129.9
1996 139.45
1997 151.44
1998 161.86
1999 170.25
2000 179.34
2001 189.56
2002 207.56
2003 219.35
2004 217.83
2005 222.33
2006 229.54
2007 243.72
2008 268.27
2009 287.63
2010 299.39
2011 314.36
2012 332.36
2013 351.58
2014 373.13
2015 390.08
2016 415.71
2017 437.26
2018 457.01
2019 475.84
2020 491.12
2021 513.77
2022-03 536.72
Today 540.97

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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