R

Value of 2000 South African Rand today

R100 in 2000
R317.67 in 2023

The inflation rate in South Africa between 2000 and today has been 217.67%, which translates into a total increase of R217.67. This means that 100 rand in 2000 are equivalent to 317.67 rand in 2023. In other words, the purchasing power of R100 in 2000 equals R317.67 today. The average annual inflation rate between these periods has been 5.15%.

Inflation timeline in South Africa (2000 - 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 2000-2022 206.65%
Cumulative inflation 2000-today 217.67%
Avg. Annual inflation 2000-2022 5.23%
CPI 2000 45.98
CPI 2022 140.98
CPI 2022-12 (latest official data) 145.16
CPI today 146.05

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 2000 and 2022, use the corresponding CPI values:

Value2022
=Value2000 ×
CPI2022/CPI2000
=R 100 ×
140.98/45.98
R306.65

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 146.05:

Valuetoday
=Value2000 ×
CPItoday/CPI2000
=R 100 ×
146.05/45.98
R317.67

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 22 years between 2000 and 2022 and the average inflation rate was 5.2252%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=R100 × (1 + 0.052252)22
R306.65

South Africa inflation - Conversion table

Initial Value Equivalent value
R1 rand in 2000 R3.07 rand in 2022
R5 rand in 2000 R15.33 rand in 2022
R10 rand in 2000 R30.66 rand in 2022
R50 rand in 2000 R153.32 rand in 2022
R100 rand in 2000 R306.65 rand in 2022
R500 rand in 2000 R1,533.23 rand in 2022
R1,000 rand in 2000 R3,066.45 rand in 2022
R5,000 rand in 2000 R15,332.27 rand in 2022
R10,000 rand in 2000 R30,664.53 rand in 2022
R50,000 rand in 2000 R153,322.66 rand in 2022
R100,000 rand in 2000 R306,645.32 rand in 2022
R500,000 rand in 2000 R1,533,226.62 rand in 2022
R1,000,000 rand in 2000 R3,066,453.25 rand in 2022
Cumulative inflation From 2000 217.67%
Avg. annual inflation From 2000 5.15%
CPI 2000 45.98
CPI today 146.05

Value of Rand over time (by year)

Period Value
2000 100
2001 105.7
2002 115.74
2003 122.31
2004 121.46
2005 123.97
2006 127.99
2007 135.9
2008 149.59
2009 160.38
2010 166.94
2011 175.29
2012 185.32
2013 196.04
2014 208.06
2015 217.51
2016 231.8
2017 243.82
2018 254.83
2019 265.33
2020 273.85
2021 286.48
2022 306.65
2022-12 315.73
Today 317.67

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: