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Value of 1920 Canadian Dollar today

$100 in 1920
$1,325.95 in 2022

The inflation rate in Canada between 1920 and today has been 1,225.95%, which translates into a total increase of $1,225.95. This means that 100 dollars in 1920 are equivalent to 1,325.95 dollars in 2022. In other words, the purchasing power of $100 in 1920 equals $1,325.95 today. The average annual inflation rate between these periods has been 2.57%.

Inflation timeline in Canada (1920 - 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 1920-2021 1,146.74%
Cumulative inflation 1920-today 1,225.95%
Avg. Annual inflation 1920-2021 2.53%
CPI 1920 8.97
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 1920 and 2021, use the corresponding CPI values:

Value2021
=Value1920 ×
CPI2021/CPI1920
=$ 100 ×
111.88/8.97
$1,246.74

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

Valuetoday
=Value1920 ×
CPItoday/CPI1920
=$ 100 ×
118.99/8.97
$1,325.95

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 101 years between 1920 and 2021 and the average inflation rate was 2.5296%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.025296)101
$1,246.74

Canada inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1920 $12.47 dollars in 2021
$5 dollars in 1920 $62.34 dollars in 2021
$10 dollars in 1920 $124.67 dollars in 2021
$50 dollars in 1920 $623.37 dollars in 2021
$100 dollars in 1920 $1,246.74 dollars in 2021
$500 dollars in 1920 $6,233.68 dollars in 2021
$1,000 dollars in 1920 $12,467.35 dollars in 2021
$5,000 dollars in 1920 $62,336.77 dollars in 2021
$10,000 dollars in 1920 $124,673.54 dollars in 2021
$50,000 dollars in 1920 $623,367.68 dollars in 2021
$100,000 dollars in 1920 $1,246,735.36 dollars in 2021
$500,000 dollars in 1920 $6,233,676.8 dollars in 2021
$1,000,000 dollars in 1920 $12,467,353.6 dollars in 2021
Cumulative inflation From 1920 1,225.95%
Avg. annual inflation From 1920 2.57%
CPI 1920 8.97
CPI today 118.99

Value of Dollar over time (by year)

Period Value
1920 100
1921 87.89
1922 81
1923 81
1924 79.46
1925 80.41
1926 81
1927 79.82
1928 80.41
1929 81.22
1930 80.41
1931 72.49
1932 65.66
1933 62.8
1934 63.54
1935 63.83
1936 65.15
1937 67.5
1938 67.86
1939 67.35
1940 70.21
1941 74.39
1942 77.84
1943 79.53
1944 80.04
1945 80.56
1946 83.05
1947 90.54
1948 103.45
1949 107.04
1950 109.9
1951 121.5
1952 124.65
1953 123.4
1954 124.21
1955 124.43
1956 126.12
1957 130.3
1958 133.38
1959 135
1960 136.83
1961 138.22
1962 139.69
1963 141.97
1964 144.68
1965 148.06
1966 153.71
1967 159.21
1968 165.66
1969 173.22
1970 179.02
1971 183.86
1972 193.03
1973 207.48
1974 230.3
1975 254.88
1976 274.1
1977 295.96
1978 322.52
1979 352.02
1980 387.67
1981 436.02
1982 482.98
1983 511.3
1984 533.31
1985 554.44
1986 577.7
1987 602.86
1988 627.15
1989 658.4
1990 689.88
1991 728.69
1992 739.55
1993 753.34
1994 754.59
1995 770.8
1996 782.91
1997 795.6
1998 803.52
1999 817.46
2000 839.69
2001 860.9
2002 880.34
2003 904.62
2004 921.42
2005 941.82
2006 960.68
2007 981.22
2008 1,004.48
2009 1,007.48
2010 1,025.39
2011 1,055.25
2012 1,071.24
2013 1,081.29
2014 1,101.91
2015 1,114.31
2016 1,130.23
2017 1,148.28
2018 1,174.32
2019 1,197.21
2020 1,205.8
2021 1,246.74
2022-04 1,318.86
Today 1,325.95

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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