How much is it worth?
This is simple program for calculating historical money rates for Australia. It is intended to be a basic approach to calculating the relative value of money in Australia from 1850 to the present. It is based on the Retail Price Index developed by the Australian Bureau of Statistics.
Obviously using the Retail Price Index is but one means of calculating relative values. More detailed discussion is available at these sites Current value of money and Measuring worth. The latter was the inspiration for this calculator.