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Value of 1999 New Zealand Dollars today

$100 in 1999
$191.2 in 2024

The inflation rate in New Zealand between 1999 and today has been 91.2%, which translates into a total increase of $91.2. This means that 100 dollars in 1999 are equivalent to 191.2 dollars in 2024. In other words, the purchasing power of $100 in 1999 equals $191.2 today. The average annual inflation rate between these periods has been 2.63%.

Inflation timeline in New Zealand (1999 - 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 (NZD) 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 1999-2023 82.4%
Cumulative inflation 1999-today 91.2%
Avg. Annual inflation 1999-2023 2.54%
CPI 1999 69.51
CPI 2023 126.79
CPI 2024-Q3 (latest official data) 130.86
CPI today 132.91

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 1999 and 2023, use the corresponding CPI values:

Value2023
=Value1999 ×
CPI2023/CPI1999
=$ 100 ×
126.79/69.51
$182.4

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 132.91:

Valuetoday
=Value1999 ×
CPItoday/CPI1999
=$ 100 ×
132.91/69.51
$191.2

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 24 years between 1999 and 2023 and the average inflation rate was 2.5358%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=$100 × (1 + 0.025358)24
$182.4

New Zealand inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1999 $1.82 dollars in 2023
$5 dollars in 1999 $9.12 dollars in 2023
$10 dollars in 1999 $18.24 dollars in 2023
$50 dollars in 1999 $91.2 dollars in 2023
$100 dollars in 1999 $182.4 dollars in 2023
$500 dollars in 1999 $911.98 dollars in 2023
$1,000 dollars in 1999 $1,823.97 dollars in 2023
$5,000 dollars in 1999 $9,119.84 dollars in 2023
$10,000 dollars in 1999 $18,239.69 dollars in 2023
$50,000 dollars in 1999 $91,198.44 dollars in 2023
$100,000 dollars in 1999 $182,396.89 dollars in 2023
$500,000 dollars in 1999 $911,984.44 dollars in 2023
$1,000,000 dollars in 1999 $1,823,968.87 dollars in 2023
Cumulative inflation From 1999 91.2%
Avg. annual inflation From 1999 2.63%
CPI 1999 69.51
CPI today 132.91

Value of Dollar over time (by year)

Period Value
1999 100
2000 102.62
2001 105.31
2002 108.13
2003 110.03
2004 112.54
2005 115.96
2006 119.87
2007 122.71
2008 127.57
2009 130.27
2010 133.27
2011 138.64
2012 140.11
2013 141.7
2014 143.44
2015 143.86
2016 144.79
2017 147.47
2018 149.82
2019 152.25
2020 154.86
2021 160.96
2022 172.51
2023 182.4
2024-Q3 188.24
Today 191.2

All available years

Today's value of New Zealand dollars by year:

1926 | 1927 | 1928 | 1929 | 1930 | 1931 | 1932 | 1933 | 1934 | 1935 | 1936 | 1937 | 1938 | 1939 | 1940 | 1941 | 1942 | 1943 | 1944 | 1945 | 1946 | 1947 | 1948 | 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 |

Other currencies: