R

Value of 1995 South African Rand today

R80 in 1995
R371.68 in 2024

The inflation rate in South Africa between 1995 and today has been 364.6%, which translates into a total increase of R291.68. This means that 80 rand in 1995 are equivalent to 371.68 rand in 2024. In other words, the purchasing power of R80 in 1995 equals R371.68 today. The average annual inflation rate between these periods has been 5.44%.

Inflation timeline in South Africa (1995 - 2024)

The following chart depicts the equivalence of R80 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 1995-2023 349.07%
Cumulative inflation 1995-today 364.6%
Avg. Annual inflation 1995-2023 5.51%
CPI 1995 33.3
CPI 2023 149.54
CPI 2024-02 (latest official data) 154.2
CPI today 154.72

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 1995 and 2023, use the corresponding CPI values:

Value2023
=Value1995 ×
CPI2023/CPI1995
=R 80 ×
149.54/33.3
R359.25

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 154.72:

Valuetoday
=Value1995 ×
CPItoday/CPI1995
=R 80 ×
154.72/33.3
R371.68

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 R80 worth today. There are 28 years between 1995 and 2023 and the average inflation rate was 5.5108%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=R80 × (1 + 0.055108)28
R359.25

South Africa inflation - Conversion table

Initial Value Equivalent value
R1 rand in 1995 R4.49 rand in 2023
R5 rand in 1995 R22.45 rand in 2023
R10 rand in 1995 R44.91 rand in 2023
R50 rand in 1995 R224.53 rand in 2023
R100 rand in 1995 R449.07 rand in 2023
R500 rand in 1995 R2,245.34 rand in 2023
R1,000 rand in 1995 R4,490.68 rand in 2023
R5,000 rand in 1995 R22,453.38 rand in 2023
R10,000 rand in 1995 R44,906.76 rand in 2023
R50,000 rand in 1995 R224,533.78 rand in 2023
R100,000 rand in 1995 R449,067.55 rand in 2023
R500,000 rand in 1995 R2,245,337.76 rand in 2023
R1,000,000 rand in 1995 R4,490,675.52 rand in 2023
Cumulative inflation From 1995 364.6%
Avg. annual inflation From 1995 5.44%
CPI 1995 33.3
CPI today 154.72

Value of Rand over time (by year)

Period Value
1995 80
1996 85.88
1997 93.27
1998 99.68
1999 104.85
2000 110.45
2001 116.75
2002 127.83
2003 135.09
2004 134.16
2005 136.92
2006 141.36
2007 150.1
2008 165.22
2009 177.14
2010 184.38
2011 193.6
2012 204.69
2013 216.53
2014 229.8
2015 240.23
2016 256.02
2017 269.29
2018 281.46
2019 293.05
2020 302.46
2021 316.41
2022 338.68
2023 359.25
2024-02 370.45
Today 371.68

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 | 2023 |

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