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Value of 1917 Canadian Dollar today

$100 in 1917
$1,946.52 in 2022

The inflation rate in Canada between 1917 and today has been 1,846.52%, which translates into a total increase of $1,846.52. This means that 100 dollars in 1917 are equivalent to 1,946.52 dollars in 2022. In other words, the purchasing power of $100 in 1917 equals $1,946.52 today. The average annual inflation rate between these periods has been 2.87%.

Inflation timeline in Canada (1917 - 2022)

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 1917-2021 1,696.3%
Cumulative inflation 1917-today 1,846.52%
Avg. Annual inflation 1917-2021 2.82%
CPI 1917 6.23
CPI 2021 111.88
CPI 2022-08 (latest official data) 120.57
CPI today 121.24

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 1917 and 2021, use the corresponding CPI values:

Value2021
=Value1917 ×
CPI2021/CPI1917
=$ 100 ×
111.88/6.23
$1,796.3

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 121.24:

Valuetoday
=Value1917 ×
CPItoday/CPI1917
=$ 100 ×
121.24/6.23
$1,946.52

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 104 years between 1917 and 2021 and the average inflation rate was 2.8161%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.028161)104
$1,796.3

Canada inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1917 $17.96 dollars in 2021
$5 dollars in 1917 $89.82 dollars in 2021
$10 dollars in 1917 $179.63 dollars in 2021
$50 dollars in 1917 $898.15 dollars in 2021
$100 dollars in 1917 $1,796.3 dollars in 2021
$500 dollars in 1917 $8,981.5 dollars in 2021
$1,000 dollars in 1917 $17,963.01 dollars in 2021
$5,000 dollars in 1917 $89,815.03 dollars in 2021
$10,000 dollars in 1917 $179,630.06 dollars in 2021
$50,000 dollars in 1917 $898,150.32 dollars in 2021
$100,000 dollars in 1917 $1,796,300.65 dollars in 2021
$500,000 dollars in 1917 $8,981,503.23 dollars in 2021
$1,000,000 dollars in 1917 $17,963,006.46 dollars in 2021
Cumulative inflation From 1917 1,846.52%
Avg. annual inflation From 1917 2.87%
CPI 1917 6.23
CPI today 121.24

Value of Dollar over time (by year)

Period Value
1917 100
1918 113.11
1919 123.89
1920 144.08
1921 126.64
1922 116.7
1923 116.7
1924 114.48
1925 115.86
1926 116.7
1927 115.01
1928 115.86
1929 117.02
1930 115.86
1931 104.44
1932 94.61
1933 90.49
1934 91.54
1935 91.97
1936 93.87
1937 97.25
1938 97.78
1939 97.04
1940 101.16
1941 107.19
1942 112.16
1943 114.59
1944 115.33
1945 116.07
1946 119.66
1947 130.44
1948 149.05
1949 154.23
1950 158.35
1951 175.05
1952 179.6
1953 177.8
1954 178.96
1955 179.28
1956 181.71
1957 187.74
1958 192.18
1959 194.5
1960 197.15
1961 199.15
1962 201.27
1963 204.55
1964 208.46
1965 213.32
1966 221.46
1967 229.39
1968 238.69
1969 249.58
1970 257.93
1971 264.9
1972 278.12
1973 298.94
1974 331.82
1975 367.23
1976 394.93
1977 426.43
1978 464.69
1979 507.19
1980 558.56
1981 628.22
1982 695.88
1983 736.68
1984 768.39
1985 798.84
1986 832.35
1987 868.6
1988 903.59
1989 948.63
1990 993.97
1991 1,049.89
1992 1,065.54
1993 1,085.41
1994 1,087.21
1995 1,110.57
1996 1,128.01
1997 1,146.3
1998 1,157.72
1999 1,177.8
2000 1,209.83
2001 1,240.38
2002 1,268.39
2003 1,303.38
2004 1,327.59
2005 1,356.98
2006 1,384.14
2007 1,413.74
2008 1,447.25
2009 1,451.59
2010 1,477.38
2011 1,520.4
2012 1,543.45
2013 1,557.93
2014 1,587.63
2015 1,605.5
2016 1,628.44
2017 1,654.44
2018 1,691.97
2019 1,724.95
2020 1,737.31
2021 1,796.3
2022-08 1,935.73
Today 1,946.52

All available years

Today's value of canadian dollar by year:

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 |

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