Value of 2000 South African Rand today

R100 in 2000

R270.38 today

The inflation rate in South Africa between 2000 and today has been 170.38%, which translates into a total increase of R170.38. This means that 100 rand in 2000 are equivalent to 270.38 rand in 2018. In other words, the purchasing power of R100 in 2000 equals R270.38 today. The average annual inflation rate has been 5.37%.

Inflation timeline in South Africa (2000-2019)

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 (2000-2018) 158.5%
Total Inflation* 170.38%
Annual inflation avg. (2000-2018) 5.42%
Annual inflation avg.* 5.37%
CPI 2000 44.06
CPI 2018 113.91
CPI today* 119.14
R1 in 2000 R2.59 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 18 years between 2000 and 2018 and the average inflation rate has been 5.3745%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = R100 * (1 + 0.05)18 = R258.5

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 2000 was 44.06 and the CPI today is 119.14. Therefore,

Final value = Initial value *
CPI final/CPI initial
= R100 *
113.91/44.06
= R258.5

South Africa inflation - Conversion table

Initial Value Equivalent value
R1 rand in 2000 R2.7 rand today
R5 rand in 2000 R13.52 rand today
R10 rand in 2000 R27.04 rand today
R50 rand in 2000 R135.19 rand today
R100 rand in 2000 R270.38 rand today
R500 rand in 2000 R1,351.9 rand today
R1,000 rand in 2000 R2,703.79 rand today
R5,000 rand in 2000 R13,518.95 rand today
R10,000 rand in 2000 R27,037.91 rand today
R50,000 rand in 2000 R135,189.53 rand today
R100,000 rand in 2000 R270,379.05 rand today
R500,000 rand in 2000 R1,351,895.26 rand today
R1,000,000 rand in 2000 R2,703,790.52 rand today

Value of Rand in time (by year)

Period Value
2000 100
2001 106.99
2002 111.9
2003 127.02
2004 124.94
2005 127.69
2006 130.26
2007 136.54
2008 146.87
2009 160.54
2010 170.44
2011 176.13
2012 187.26
2013 198.14
2014 208.53
2015 219.66
2016 231.04
2017 247.37
2018 258.5
Today 270.38