R

Value of 2007 South African Rand today

R100 in 2007
R222 in 2022

The inflation rate in South Africa between 2007 and today has been 122%, which translates into a total increase of R122. This means that 100 rand in 2007 are equivalent to 222 rand in 2022. In other words, the purchasing power of R100 in 2007 equals R222 today. The average annual inflation rate between these periods has been 5.46%.

Inflation timeline in South Africa (2007 - 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 2007-2021 110.8%
Cumulative inflation 2007-today 122%
Avg. Annual inflation 2007-2021 5.47%
CPI 2007 62.48
CPI 2021 131.71
CPI 2022-03 (latest official data) 137.59
CPI today 138.71

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 2007 and 2021, use the corresponding CPI values:

Value2021
=Value2007 ×
CPI2021/CPI2007
=R 100 ×
131.71/62.48
R210.8

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 138.71:

Valuetoday
=Value2007 ×
CPItoday/CPI2007
=R 100 ×
138.71/62.48
R222

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 14 years between 2007 and 2021 and the average inflation rate was 5.4712%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=R100 × (1 + 0.054712)14
R210.8

South Africa inflation - Conversion table

Initial Value Equivalent value
R1 rand in 2007 R2.11 rand in 2021
R5 rand in 2007 R10.54 rand in 2021
R10 rand in 2007 R21.08 rand in 2021
R50 rand in 2007 R105.4 rand in 2021
R100 rand in 2007 R210.8 rand in 2021
R500 rand in 2007 R1,054.01 rand in 2021
R1,000 rand in 2007 R2,108.02 rand in 2021
R5,000 rand in 2007 R10,540.11 rand in 2021
R10,000 rand in 2007 R21,080.21 rand in 2021
R50,000 rand in 2007 R105,401.05 rand in 2021
R100,000 rand in 2007 R210,802.11 rand in 2021
R500,000 rand in 2007 R1,054,010.55 rand in 2021
R1,000,000 rand in 2007 R2,108,021.09 rand in 2021
Cumulative inflation From 2007 122%
Avg. annual inflation From 2007 5.46%
CPI 2007 62.48
CPI today 138.71

Value of Rand over time (by year)

Period Value
2007 100
2008 110.07
2009 118.02
2010 122.84
2011 128.98
2012 136.37
2013 144.26
2014 153.1
2015 160.05
2016 170.57
2017 179.41
2018 187.52
2019 195.24
2020 201.51
2021 210.8
2022-03 220.22
Today 222

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 |

Other currencies: