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Value of 1914 Canadian Dollar today

$100 in 1914
$2,682.98 in 2024

The inflation rate in Canada between 1914 and today has been 2,582.98%, which translates into a total increase of $2,582.98. This means that 100 dollars in 1914 are equivalent to 2,682.98 dollars in 2024. In other words, the purchasing power of $100 in 1914 equals $2,682.98 today. The average annual inflation rate between these periods has been 3.04%.

Inflation timeline in Canada (1914 - 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 (CAD) 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 1914-2023 2,514.84%
Cumulative inflation 1914-today 2,582.98%
Avg. Annual inflation 1914-2023 3.04%
CPI 1914 4.75
CPI 2023 124.13
CPI 2024-04 (latest official data) 126.89
CPI today 127.37

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 1914 and 2023, use the corresponding CPI values:

Value2023
=Value1914 ×
CPI2023/CPI1914
=$ 100 ×
124.13/4.75
$2,614.84

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 127.37:

Valuetoday
=Value1914 ×
CPItoday/CPI1914
=$ 100 ×
127.37/4.75
$2,682.98

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 109 years between 1914 and 2023 and the average inflation rate was 3.0396%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=$100 × (1 + 0.030396)109
$2,614.84

Canada inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1914 $26.15 dollars in 2023
$5 dollars in 1914 $130.74 dollars in 2023
$10 dollars in 1914 $261.48 dollars in 2023
$50 dollars in 1914 $1,307.42 dollars in 2023
$100 dollars in 1914 $2,614.84 dollars in 2023
$500 dollars in 1914 $13,074.2 dollars in 2023
$1,000 dollars in 1914 $26,148.41 dollars in 2023
$5,000 dollars in 1914 $130,742.03 dollars in 2023
$10,000 dollars in 1914 $261,484.06 dollars in 2023
$50,000 dollars in 1914 $1,307,420.28 dollars in 2023
$100,000 dollars in 1914 $2,614,840.55 dollars in 2023
$500,000 dollars in 1914 $13,074,202.75 dollars in 2023
$1,000,000 dollars in 1914 $26,148,405.5 dollars in 2023
Cumulative inflation From 1914 2,582.98%
Avg. annual inflation From 1914 3.04%
CPI 1914 4.75
CPI today 127.37

Value of Dollar over time (by year)

Period Value
1914 100
1915 102.08
1916 111.23
1917 131.21
1918 148.4
1919 162.55
1920 189.04
1921 166.16
1922 153.12
1923 153.12
1924 150.21
1925 152.01
1926 153.12
1927 150.9
1928 152.01
1929 153.54
1930 152.01
1931 137.03
1932 124.13
1933 118.72
1934 120.11
1935 120.67
1936 123.16
1937 127.6
1938 128.29
1939 127.32
1940 132.73
1941 140.64
1942 147.16
1943 150.35
1944 151.32
1945 152.29
1946 157
1947 171.15
1948 195.56
1949 202.36
1950 207.77
1951 229.68
1952 235.64
1953 233.29
1954 234.81
1955 235.23
1956 238.42
1957 246.32
1958 252.15
1959 255.2
1960 258.67
1961 261.3
1962 264.08
1963 268.38
1964 273.51
1965 279.89
1966 290.57
1967 300.97
1968 313.18
1969 327.46
1970 338.42
1971 347.57
1972 364.91
1973 392.23
1974 435.37
1975 481.83
1976 518.17
1977 559.5
1978 609.71
1979 665.46
1980 732.87
1981 824.27
1982 913.04
1983 966.57
1984 1,008.18
1985 1,048.13
1986 1,092.09
1987 1,139.67
1988 1,185.58
1989 1,244.66
1990 1,304.16
1991 1,377.53
1992 1,398.06
1993 1,424.13
1994 1,426.49
1995 1,457.14
1996 1,480.03
1997 1,504.02
1998 1,519
1999 1,545.35
2000 1,587.38
2001 1,627.46
2002 1,664.22
2003 1,710.12
2004 1,741.89
2005 1,780.44
2006 1,816.09
2007 1,854.92
2008 1,898.89
2009 1,904.58
2010 1,938.42
2011 1,994.87
2012 2,025.1
2013 2,044.11
2014 2,083.08
2015 2,106.52
2016 2,136.62
2017 2,170.74
2018 2,219.97
2019 2,263.25
2020 2,279.47
2021 2,356.87
2022 2,517.2
2023 2,614.84
2024-04 2,672.95
Today 2,682.98

All available years

Today's value of canadian dollar by year:

1914 | 1915 | 1916 | 1917 | 1918 | 1919 | 1920 | 1921 | 1922 | 1923 | 1924 | 1925 | 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 |

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