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Value of 1919 Canadian Dollar today

$100 in 1919
$1,542.04 in 2022

The inflation rate in Canada between 1919 and today has been 1,442.04%, which translates into a total increase of $1,442.04. This means that 100 dollars in 1919 are equivalent to 1,542.04 dollars in 2022. In other words, the purchasing power of $100 in 1919 equals $1,542.04 today. The average annual inflation rate between these periods has been 2.69%.

Inflation timeline in Canada (1919 - 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 1919-2021 1,349.91%
Cumulative inflation 1919-today 1,442.04%
Avg. Annual inflation 1919-2021 2.66%
CPI 1919 7.72
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 1919 and 2021, use the corresponding CPI values:

Value2021
=Value1919 ×
CPI2021/CPI1919
=$ 100 ×
111.88/7.72
$1,449.91

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

Valuetoday
=Value1919 ×
CPItoday/CPI1919
=$ 100 ×
118.99/7.72
$1,542.04

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 102 years between 1919 and 2021 and the average inflation rate was 2.6563%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.026563)102
$1,449.91

Canada inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1919 $14.5 dollars in 2021
$5 dollars in 1919 $72.5 dollars in 2021
$10 dollars in 1919 $144.99 dollars in 2021
$50 dollars in 1919 $724.96 dollars in 2021
$100 dollars in 1919 $1,449.91 dollars in 2021
$500 dollars in 1919 $7,249.57 dollars in 2021
$1,000 dollars in 1919 $14,499.15 dollars in 2021
$5,000 dollars in 1919 $72,495.74 dollars in 2021
$10,000 dollars in 1919 $144,991.48 dollars in 2021
$50,000 dollars in 1919 $724,957.39 dollars in 2021
$100,000 dollars in 1919 $1,449,914.79 dollars in 2021
$500,000 dollars in 1919 $7,249,573.94 dollars in 2021
$1,000,000 dollars in 1919 $14,499,147.88 dollars in 2021
Cumulative inflation From 1919 1,442.04%
Avg. annual inflation From 1919 2.69%
CPI 1919 7.72
CPI today 118.99

Value of Dollar over time (by year)

Period Value
1919 100
1920 116.3
1921 102.22
1922 94.2
1923 94.2
1924 92.41
1925 93.52
1926 94.2
1927 92.83
1928 93.52
1929 94.45
1930 93.52
1931 84.3
1932 76.37
1933 73.04
1934 73.89
1935 74.23
1936 75.77
1937 78.5
1938 78.92
1939 78.33
1940 81.66
1941 86.52
1942 90.53
1943 92.49
1944 93.09
1945 93.69
1946 96.59
1947 105.29
1948 120.31
1949 124.49
1950 127.82
1951 141.3
1952 144.97
1953 143.52
1954 144.45
1955 144.71
1956 146.67
1957 151.54
1958 155.12
1959 157
1960 159.13
1961 160.75
1962 162.46
1963 165.1
1964 168.26
1965 172.18
1966 178.75
1967 185.15
1968 192.66
1969 201.45
1970 208.19
1971 213.82
1972 224.49
1973 241.3
1974 267.83
1975 296.42
1976 318.77
1977 344.2
1978 375.09
1979 409.39
1980 450.85
1981 507.08
1982 561.69
1983 594.62
1984 620.22
1985 644.8
1986 671.84
1987 701.11
1988 729.35
1989 765.7
1990 802.3
1991 847.44
1992 860.07
1993 876.11
1994 877.56
1995 896.42
1996 910.49
1997 925.26
1998 934.47
1999 950.68
2000 976.54
2001 1,001.19
2002 1,023.81
2003 1,052.05
2004 1,071.59
2005 1,095.31
2006 1,117.24
2007 1,141.13
2008 1,168.17
2009 1,171.67
2010 1,192.49
2011 1,227.22
2012 1,245.82
2013 1,257.51
2014 1,281.48
2015 1,295.9
2016 1,314.42
2017 1,335.41
2018 1,365.7
2019 1,392.32
2020 1,402.3
2021 1,449.91
2022-04 1,533.79
Today 1,542.04

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 |

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