R

Value of 2013 South African Rand today

R100 in 2013
R162.04 in 2023

The inflation rate in South Africa between 2013 and today has been 62.04%, which translates into a total increase of R62.04. This means that 100 rand in 2013 are equivalent to 162.04 rand in 2023. In other words, the purchasing power of R100 in 2013 equals R162.04 today. The average annual inflation rate between these periods has been 4.95%.

Inflation timeline in South Africa (2013 - 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 2013-2022 56.42%
Cumulative inflation 2013-today 62.04%
Avg. Annual inflation 2013-2022 5.1%
CPI 2013 90.13
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 2013 and 2022, use the corresponding CPI values:

Value2022
=Value2013 ×
CPI2022/CPI2013
=R 100 ×
140.98/90.13
R156.42

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

Valuetoday
=Value2013 ×
CPItoday/CPI2013
=R 100 ×
146.05/90.13
R162.04

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 9 years between 2013 and 2022 and the average inflation rate was 5.0962%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=R100 × (1 + 0.050962)9
R156.42

South Africa inflation - Conversion table

Initial Value Equivalent value
R1 rand in 2013 R1.56 rand in 2022
R5 rand in 2013 R7.82 rand in 2022
R10 rand in 2013 R15.64 rand in 2022
R50 rand in 2013 R78.21 rand in 2022
R100 rand in 2013 R156.42 rand in 2022
R500 rand in 2013 R782.08 rand in 2022
R1,000 rand in 2013 R1,564.17 rand in 2022
R5,000 rand in 2013 R7,820.85 rand in 2022
R10,000 rand in 2013 R15,641.7 rand in 2022
R50,000 rand in 2013 R78,208.49 rand in 2022
R100,000 rand in 2013 R156,416.97 rand in 2022
R500,000 rand in 2013 R782,084.87 rand in 2022
R1,000,000 rand in 2013 R1,564,169.75 rand in 2022
Cumulative inflation From 2013 62.04%
Avg. annual inflation From 2013 4.95%
CPI 2013 90.13
CPI today 146.05

Value of Rand over time (by year)

Period Value
2013 100
2014 106.13
2015 110.95
2016 118.24
2017 124.37
2018 129.99
2019 135.34
2020 139.69
2021 146.13
2022 156.42
2022-12 161.05
Today 162.04

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: