R

Value of 2015 South African Rand today

R100 in 2015
R138.75 in 2022

The inflation rate in South Africa between 2015 and today has been 38.75%, which translates into a total increase of R38.75. This means that 100 rand in 2015 are equivalent to 138.75 rand in 2022. In other words, the purchasing power of R100 in 2015 equals R138.75 today. The average annual inflation rate between these periods has been 4.79%.

Inflation timeline in South Africa (2015 - 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 2015-2021 31.71%
Cumulative inflation 2015-today 38.75%
Avg. Annual inflation 2015-2021 4.7%
CPI 2015 100
CPI 2021 131.71
CPI 2022-03 (latest official data) 137.59
CPI today 138.75

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 2015 and 2021, use the corresponding CPI values:

Value2021
=Value2015 ×
CPI2021/CPI2015
=R 100 ×
131.71/100
R131.71

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 138.75:

Valuetoday
=Value2015 ×
CPItoday/CPI2015
=R 100 ×
138.75/100
R138.75

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 6 years between 2015 and 2021 and the average inflation rate was 4.6974%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=R100 × (1 + 0.046974)6
R131.71

South Africa inflation - Conversion table

Initial Value Equivalent value
R1 rand in 2015 R1.32 rand in 2021
R5 rand in 2015 R6.59 rand in 2021
R10 rand in 2015 R13.17 rand in 2021
R50 rand in 2015 R65.85 rand in 2021
R100 rand in 2015 R131.71 rand in 2021
R500 rand in 2015 R658.55 rand in 2021
R1,000 rand in 2015 R1,317.09 rand in 2021
R5,000 rand in 2015 R6,585.46 rand in 2021
R10,000 rand in 2015 R13,170.92 rand in 2021
R50,000 rand in 2015 R65,854.6 rand in 2021
R100,000 rand in 2015 R131,709.2 rand in 2021
R500,000 rand in 2015 R658,546 rand in 2021
R1,000,000 rand in 2015 R1,317,092 rand in 2021
Cumulative inflation From 2015 38.75%
Avg. annual inflation From 2015 4.79%
CPI 2015 100
CPI today 138.75

Value of Rand over time (by year)

Period Value
2015 100
2016 106.57
2017 112.1
2018 117.16
2019 121.99
2020 125.9
2021 131.71
2022-03 137.59
Today 138.75

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: