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Value of 1986 Australian Dollars today

$100 in 1986
$332.76 in 2024

The inflation rate in Australia between 1986 and today has been 232.76%, which translates into a total increase of $232.76. This means that 100 dollars in 1986 are equivalent to 332.76 dollars in 2024. In other words, the purchasing power of $100 in 1986 equals $332.76 today. The average annual inflation rate between these periods has been 3.21%.

Inflation timeline in Australia (1986 - 2024)

The following chart depicts the equivalence of $100 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 (AUD) 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 1986-2023 214.26%
Cumulative inflation 1986-today 232.76%
Avg. Annual inflation 1986-2023 3.14%
CPI 1986 39.73
CPI 2023 124.84
CPI 2024-Q2 (latest official data) 128.91
CPI today 132.19

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 1986 and 2023, use the corresponding CPI values:

Value2023
=Value1986 ×
CPI2023/CPI1986
=$ 100 ×
124.84/39.73
$314.26

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 132.19:

Valuetoday
=Value1986 ×
CPItoday/CPI1986
=$ 100 ×
132.19/39.73
$332.76

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 $100 worth today. There are 37 years between 1986 and 2023 and the average inflation rate was 3.1431%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=$100 × (1 + 0.031431)37
$314.26

Australia inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1986 $3.14 dollars in 2023
$5 dollars in 1986 $15.71 dollars in 2023
$10 dollars in 1986 $31.43 dollars in 2023
$50 dollars in 1986 $157.13 dollars in 2023
$100 dollars in 1986 $314.26 dollars in 2023
$500 dollars in 1986 $1,571.3 dollars in 2023
$1,000 dollars in 1986 $3,142.61 dollars in 2023
$5,000 dollars in 1986 $15,713.04 dollars in 2023
$10,000 dollars in 1986 $31,426.07 dollars in 2023
$50,000 dollars in 1986 $157,130.35 dollars in 2023
$100,000 dollars in 1986 $314,260.7 dollars in 2023
$500,000 dollars in 1986 $1,571,303.5 dollars in 2023
$1,000,000 dollars in 1986 $3,142,607 dollars in 2023
Cumulative inflation From 1986 232.76%
Avg. annual inflation From 1986 3.21%
CPI 1986 39.73
CPI today 132.19

Value of Dollar over time (by year)

Period Value
1986 100
1987 108.53
1988 116.36
1989 125.13
1990 134.31
1991 138.57
1992 139.98
1993 142.43
1994 145.24
1995 151.96
1996 155.93
1997 156.28
1998 157.63
1999 159.96
2000 167.1
2001 174.46
2002 179.66
2003 184.57
2004 188.9
2005 193.98
2006 200.88
2007 205.55
2008 214.49
2009 218.29
2010 224.66
2011 232.09
2012 236.18
2013 241.96
2014 247.98
2015 251.72
2016 254.94
2017 259.91
2018 264.87
2019 269.14
2020 271.42
2021 279.19
2022 297.6
2023 314.26
2024-Q2 324.49
Today 332.76

All available years

Today's value of australian dollars by year:

1949 | 1950 | 1951 | 1952 | 1953 | 1954 | 1955 | 1956 | 1957 | 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 | 2023 |

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