$

Value of 1918 Canadian Dollar today

$100 in 1918
$1,689.04 in 2022

The inflation rate in Canada between 1918 and today has been 1,589.04%, which translates into a total increase of $1,589.04. This means that 100 dollars in 1918 are equivalent to 1,689.04 dollars in 2022. In other words, the purchasing power of $100 in 1918 equals $1,689.04 today. The average annual inflation rate between these periods has been 2.76%.

Inflation timeline in Canada (1918 - 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 1918-2021 1,488.13%
Cumulative inflation 1918-today 1,589.04%
Avg. Annual inflation 1918-2021 2.72%
CPI 1918 7.05
CPI 2021 111.88
CPI 2022-04 (latest official data) 118.36
CPI today 118.99

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 1918 and 2021, use the corresponding CPI values:

Value2021
=Value1918 ×
CPI2021/CPI1918
=$ 100 ×
111.88/7.05
$1,588.13

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 118.99:

Valuetoday
=Value1918 ×
CPItoday/CPI1918
=$ 100 ×
118.99/7.05
$1,689.04

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 103 years between 1918 and 2021 and the average inflation rate was 2.721%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.02721)103
$1,588.13

Canada inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1918 $15.88 dollars in 2021
$5 dollars in 1918 $79.41 dollars in 2021
$10 dollars in 1918 $158.81 dollars in 2021
$50 dollars in 1918 $794.07 dollars in 2021
$100 dollars in 1918 $1,588.13 dollars in 2021
$500 dollars in 1918 $7,940.66 dollars in 2021
$1,000 dollars in 1918 $15,881.31 dollars in 2021
$5,000 dollars in 1918 $79,406.56 dollars in 2021
$10,000 dollars in 1918 $158,813.12 dollars in 2021
$50,000 dollars in 1918 $794,065.61 dollars in 2021
$100,000 dollars in 1918 $1,588,131.22 dollars in 2021
$500,000 dollars in 1918 $7,940,656.08 dollars in 2021
$1,000,000 dollars in 1918 $15,881,312.16 dollars in 2021
Cumulative inflation From 1918 1,589.04%
Avg. annual inflation From 1918 2.76%
CPI 1918 7.05
CPI today 118.99

Value of Dollar over time (by year)

Period Value
1918 100
1919 109.53
1920 127.38
1921 111.96
1922 103.18
1923 103.18
1924 101.21
1925 102.43
1926 103.18
1927 101.68
1928 102.43
1929 103.46
1930 102.43
1931 92.34
1932 83.64
1933 80
1934 80.93
1935 81.31
1936 82.99
1937 85.98
1938 86.45
1939 85.79
1940 89.44
1941 94.77
1942 99.16
1943 101.31
1944 101.96
1945 102.62
1946 105.79
1947 115.33
1948 131.78
1949 136.36
1950 140
1951 154.77
1952 158.79
1953 157.2
1954 158.22
1955 158.5
1956 160.65
1957 165.98
1958 169.91
1959 171.96
1960 174.3
1961 176.07
1962 177.94
1963 180.84
1964 184.3
1965 188.6
1966 195.79
1967 202.8
1968 211.03
1969 220.65
1970 228.04
1971 234.21
1972 245.89
1973 264.3
1974 293.36
1975 324.67
1976 349.16
1977 377.01
1978 410.84
1979 448.41
1980 493.83
1981 555.42
1982 615.23
1983 651.31
1984 679.35
1985 706.26
1986 735.89
1987 767.94
1988 798.88
1989 838.69
1990 878.79
1991 928.22
1992 942.06
1993 959.63
1994 961.21
1995 981.87
1996 997.29
1997 1,013.46
1998 1,023.55
1999 1,041.31
2000 1,069.63
2001 1,096.64
2002 1,121.4
2003 1,152.34
2004 1,173.74
2005 1,199.72
2006 1,223.74
2007 1,249.91
2008 1,279.53
2009 1,283.36
2010 1,306.17
2011 1,344.21
2012 1,364.58
2013 1,377.38
2014 1,403.64
2015 1,419.44
2016 1,439.72
2017 1,462.71
2018 1,495.89
2019 1,525.05
2020 1,535.98
2021 1,588.13
2022-04 1,680
Today 1,689.04

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 |

Other currencies: