Result: R100 in 2016 → R148.50 in 2024
The South African rand has lost 33% its value since 2016
Updated: June 12, 2024R100 in 2016 is equivalent in purchasing power to about R148.50 today, an increase of R48.50 over 8 years. The rand had an average inflation rate of 5.07% per year between 2016 and today, producing a cumulative price increase of 48.50%.
This means that today's prices are 1.48 times as high as average prices since 2016, according to the OECD and the World Bank consumer price index for South Africa. A rand today only buys 67.340% of what it could buy back then.
The inflation rate in 2016 was 6.57%. The current inflation rate compared to the end of last year is now 5.49%. If this number holds, R100 today will be equivalent in buying power to R105.49 next year.
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| Cumulative price change | 48.50% |
| Average inflation rate | 5.07% |
| Converted amount R100 base | R148.50 |
| Price difference R100 base | R48.50 |
| CPI in 2016 | 106.571 |
| CPI in 2024 | 158.258 |
| Inflation in 2016 | 6.57% |
| Inflation in 2024 | 5.49% |
| R100 in 2016 | R148.50 in 2024 |
Buying power of R100 in 2016
This chart shows a calculation of buying power equivalence for R100 in 2016 (price index tracking began in 1957).
For example, if you started with R100, you would need to end with R148.50 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
When R100 is equivalent to R148.50 over time, that means that the "real value" of a single South African rand decreases over time. In other words, a rand will pay for fewer items at the store.
This effect explains how inflation erodes the value of a rand over time. By calculating the value in 2016 dollars, the chart below shows how R100 is worth less over 8 years.
According to the OECD and the World Bank, each of these ZAR amounts below is equal in terms of what it could buy at the time:
This conversion table shows various other 2016 amounts in today's rand, based on the 48.50% change in prices:
| Initial value | Equivalent value |
|---|---|
| R1 rand in 2016 | R1.48 rand today |
| R5 rand in 2016 | R7.42 rand today |
| R10 rand in 2016 | R14.85 rand today |
| R50 rand in 2016 | R74.25 rand today |
| R100 rand in 2016 | R148.50 rand today |
| R500 rand in 2016 | R742.50 rand today |
| R1,000 rand in 2016 | R1,485.00 rand today |
| R5,000 rand in 2016 | R7,424.98 rand today |
| R10,000 rand in 2016 | R14,849.95 rand today |
| R50,000 rand in 2016 | R74,249.77 rand today |
| R100,000 rand in 2016 | R148,499.54 rand today |
| R500,000 rand in 2016 | R742,497.69 rand today |
| R1,000,000 rand in 2016 | R1,484,995.37 rand today |
How to calculate inflation rate for R100 since 2016
Our calculations use the following inflation rate formula to calculate the change in value between 2016 and today:
CPI today CPI in 2016
×
2016 ZAR value
=
Today's value
Then plug in historical CPI values. The South African CPI was 106.5714 in the year 2016 and 158.25803574504084 in 2024:
158.25803574504084106.5714
×
R100
=
R148.50
R100 in 2016 has the same "purchasing power" or "buying power" as R148.50 in 2024.
To get the total inflation rate for the 8 years between 2016 and 2024, we use the following formula:
CPI in 2024 - CPI in 2016CPI in 2016
×
100
=
Cumulative inflation rate (8 years)
Plugging in the values to this equation, we get:
158.25803574504084 - 106.5714106.5714
×
100
=
48%
Data source & citation
You may use the following MLA citation for this page: “Value of 2016 South African rand today | South Africa Inflation Calculator.” Official Inflation Data, Alioth Finance, 13 Jun. 2024, https://www.officialdata.org/south-africa/inflation/2016.
Special thanks to QuickChart for their chart image API, which is used for chart downloads.
| Cumulative price change | 48.50% |
| Average inflation rate | 5.07% |
| Converted amount R100 base | R148.50 |
| Price difference R100 base | R48.50 |
| CPI in 2016 | 106.571 |
| CPI in 2024 | 158.258 |
| Inflation in 2016 | 6.57% |
| Inflation in 2024 | 5.49% |
| R100 in 2016 | R148.50 in 2024 |