$100 in 1937 is worth $2,484 in 1994

Value of $100 from 1937 to 1994

According to the Bureau of Statistics consumer price index, prices in 1994 are 2,384.00% higher than average prices since 1937. The Australian dollar experienced an average inflation rate of 5.80% per year during this period, causing the real value of a dollar to decrease.

In other words, $100 in 1937 is equivalent in purchasing power to about $2,484 in 1994, a difference of $2,384.00 over 57 years.

The 1937 inflation rate was 4.17%. The inflation rate in 1994 was 1.97%. The 1994 inflation rate is lower compared to the average inflation rate of 2.46% per year between 1994 and 2020.


Inflation from 1937 to 1994
Cumulative price change 2,384.00%
Average inflation rate 5.80%
Converted amount ($100 base) $2,484
Price difference ($100 base) $2,384.00
CPI in 1937 2.500
CPI in 1994 62.100
Inflation in 1937 4.17%
Inflation in 1994 1.97%

AUD Inflation since 1922
Annual Rate, the Bureau of Statistics CPI
Download

Buying power of $100 in 1937

This chart shows a calculation of buying power equivalence for $100 in 1937 (price index tracking began in 1922).

For example, if you started with $100, you would need to end with $2,484 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When $100 is equivalent to $2,484 over time, that means that the "real value" of a single Australian dollar decreases over time. In other words, a dollar will pay for fewer items at the store.

This effect explains how inflation erodes the value of a dollar over time. By calculating the value in 1937 dollars, the chart below shows how $100 is worth less over 57 years.

According to the Bureau of Statistics, each of these AUD amounts below is equal in terms of what it could buy at the time:

Dollar inflation: 1937-1994
Year Dollar Value Inflation Rate
1937 $100.00 4.17%
1938 $104.00 4.00%
1939 $104.00 0.00%
1940 $108.00 3.85%
1941 $112.00 3.70%
1942 $124.00 10.71%
1943 $128.00 3.23%
1944 $128.00 0.00%
1945 $128.00 0.00%
1946 $128.00 0.00%
1947 $136.00 6.25%
1948 $148.00 8.82%
1949 $160.00 8.11%
1950 $176.00 10.00%
1951 $208.00 18.18%
1952 $244.00 17.31%
1953 $256.00 4.92%
1954 $260.00 1.56%
1955 $264.00 1.54%
1956 $280.00 6.06%
1957 $288.00 2.86%
1958 $288.00 0.00%
1959 $296.00 2.78%
1960 $308.00 4.05%
1961 $312.00 1.30%
1962 $312.00 0.00%
1963 $316.00 1.28%
1964 $324.00 2.53%
1965 $336.00 3.70%
1966 $344.00 2.38%
1967 $356.00 3.49%
1968 $368.00 3.37%
1969 $380.00 3.26%
1970 $392.00 3.16%
1971 $416.00 6.12%
1972 $440.00 5.77%
1973 $480.00 9.09%
1974 $556.00 15.83%
1975 $640.00 15.11%
1976 $724.00 13.13%
1977 $812.00 12.15%
1978 $876.00 7.88%
1979 $956.00 9.13%
1980 $1,056.00 10.46%
1981 $1,156.00 9.47%
1982 $1,284.00 11.07%
1983 $1,416.00 10.28%
1984 $1,472.00 3.95%
1985 $1,568.00 6.52%
1986 $1,712.00 9.18%
1987 $1,856.00 8.41%
1988 $1,992.00 7.33%
1989 $2,140.00 7.43%
1990 $2,300.00 7.48%
1991 $2,372.00 3.13%
1992 $2,396.00 1.01%
1993 $2,436.00 1.67%
1994 $2,484.00 1.97%
1995 $2,600.00 4.67%
1996 $2,668.00 2.62%
1997 $2,676.00 0.30%
1998 $2,696.00 0.75%
1999 $2,736.00 1.48%
2000 $2,860.00 4.53%
2001 $2,984.00 4.34%
2002 $3,076.00 3.08%
2003 $3,160.00 2.73%
2004 $3,232.00 2.28%
2005 $3,320.00 2.72%
2006 $3,436.00 3.49%
2007 $3,516.00 2.33%
2008 $3,672.00 4.44%
2009 $3,736.00 1.74%
2010 $3,844.00 2.89%
2011 $3,972.00 3.33%
2012 $4,040.00 1.71%
2013 $4,140.00 2.48%
2014 $4,244.00 2.51%
2015 $4,308.00 1.51%
2016 $4,364.00 1.30%
2017 $4,448.00 1.92%
2018 $4,504.00 1.26%
2019 $4,589.58 1.90%
2020 $4,676.78 1.90%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 51 more rows

This conversion table shows various other 1937 amounts in 1994 dollars, based on the 2,384.00% change in prices:

Conversion Table: Value of a dollar in 1994
Initial value Equivalent value
$1 dollar in 1937 $24.84 dollars in 1994
$5 dollars in 1937 $124.20 dollars in 1994
$10 dollars in 1937 $248.40 dollars in 1994
$50 dollars in 1937 $1,242.00 dollars in 1994
$100 dollars in 1937 $2,484.00 dollars in 1994
$500 dollars in 1937 $12,420.00 dollars in 1994
$1,000 dollars in 1937 $24,840.00 dollars in 1994
$5,000 dollars in 1937 $124,200.00 dollars in 1994
$10,000 dollars in 1937 $248,400.00 dollars in 1994
$50,000 dollars in 1937 $1,242,000.00 dollars in 1994
$100,000 dollars in 1937 $2,484,000.00 dollars in 1994
$500,000 dollars in 1937 $12,420,000.00 dollars in 1994
$1,000,000 dollars in 1937 $24,840,000.00 dollars in 1994

How to Calculate Inflation Rate for $100, 1937 to 1994

Our calculations use the following inflation rate formula to calculate the change in value between 1937 and 1994:

CPI in 1994 CPI in 1937
×
1937 AUD value
=
1994 AUD value

Then plug in historical CPI values. The Australian CPI was 2.5 in the year 1937 and 62.1 in 1994:

62.12.5
×
$100
=
$2,484

$100 in 1937 has the same "purchasing power" or "buying power" as $2,484 in 1994.

To get the total inflation rate for the 57 years between 1937 and 1994, we use the following formula:

CPI in 1994 - CPI in 1937CPI in 1937
×
100
=
Cumulative inflation rate (57 years)

Plugging in the values to this equation, we get:

62.1 - 2.52.5
×
100
=
2,384%

News headlines from 1937

Politics and news often influence economic performance. Here's what was happening at the time:

  • The Second Sino-Japanese War starts when Japanese and Chinese troops clash at the Marco Polo Bridge.
  • 193,000 Russians are executed by order of the Politburo's Operative Order 00447.
  • Adolf Hitler and his military leaders hold a secret meeting where he reveals his plan to go to war.

Data Source & Citation

Raw data for these calculations comes from the government of Australia's annual (CPI) as provided by the Reserve Bank of Australia. The consumer price index was established in 1922 and is tracked by Australian Bureau of Statistics (ABS).

You may use the following MLA citation for this page: “1937 dollars in 1994 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 4 Jul. 2020, https://www.officialdata.org/1937-AUD-in-1994.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.

in2013dollars.com is a reference website maintained by the Official Data Foundation.


Ian Webster

About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

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Inflation from 1937 to 1994
Cumulative price change 2,384.00%
Average inflation rate 5.80%
Converted amount ($100 base) $2,484
Price difference ($100 base) $2,384.00
CPI in 1937 2.500
CPI in 1994 62.100
Inflation in 1937 4.17%
Inflation in 1994 1.97%