AmberApp on Nostr: $AUD has lost *92.6%* of its purchasing power since 1966. š When converted to the ...
$AUD has lost *92.6%* of its purchasing power since 1966. š
When converted to the value of one Australian dollar in 2020, goods and services that cost A$1 in 1966 would cost A$13.60 in 2019; meaning that one $AUD in 1966 was almost 14 times more than it is today. š
This data can be used to calculate how much goods and services from the years shown would cost today, by multiplying the price from then by the number shown in the graph.
For example, an item that cost $50AUD in 1990 would theoretically cost $101.50AUD in 2020 (50 x 2.03 = 101.5). š„
In a similar way, the $USD has lost 96% of its value since 1913.
The $CAD has lost 96% of its value since 1915.
The $EUR has lost 44% of its value since 1999
Published at
2023-09-20 12:25:54Event JSON
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"content": "$AUD has lost *92.6%* of its purchasing power since 1966. š\n\nWhen converted to the value of one Australian dollar in 2020, goods and services that cost A$1 in 1966 would cost A$13.60 in 2019; meaning that one $AUD in 1966 was almost 14 times more than it is today. š\n\nThis data can be used to calculate how much goods and services from the years shown would cost today, by multiplying the price from then by the number shown in the graph.\n\nFor example, an item that cost $50AUD in 1990 would theoretically cost $101.50AUD in 2020 (50 x 2.03 = 101.5). š„\n\nIn a similar way, the $USD has lost 96% of its value since 1913.\n\nThe $CAD has lost 96% of its value since 1915.\n\nThe $EUR has lost 44% of its value since 1999\n\nhttps://void.cat/d/5a84nufyAEkwQzLyq4Mj6a.webp",
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}
