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Value of 1921 Canadian Dollar today

$100 in 1921
$1,508.3 in 2022

The inflation rate in Canada between 1921 and today has been 1,408.3%, which translates into a total increase of $1,408.3. This means that 100 dollars in 1921 are equivalent to 1,508.3 dollars in 2022. In other words, the purchasing power of $100 in 1921 equals $1,508.3 today. The average annual inflation rate between these periods has been 2.72%.

Inflation timeline in Canada (1921 - 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 1921-2021 1,318.45%
Cumulative inflation 1921-today 1,408.3%
Avg. Annual inflation 1921-2021 2.69%
CPI 1921 7.89
CPI 2021 111.88
CPI 2022-04 (latest official data) 118.36
CPI today 118.97

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 1921 and 2021, use the corresponding CPI values:

Value2021
=Value1921 ×
CPI2021/CPI1921
=$ 100 ×
111.88/7.89
$1,418.45

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 118.97:

Valuetoday
=Value1921 ×
CPItoday/CPI1921
=$ 100 ×
118.97/7.89
$1,508.3

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 100 years between 1921 and 2021 and the average inflation rate was 2.6876%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.026876)100
$1,418.45

Canada inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1921 $14.18 dollars in 2021
$5 dollars in 1921 $70.92 dollars in 2021
$10 dollars in 1921 $141.84 dollars in 2021
$50 dollars in 1921 $709.22 dollars in 2021
$100 dollars in 1921 $1,418.45 dollars in 2021
$500 dollars in 1921 $7,092.24 dollars in 2021
$1,000 dollars in 1921 $14,184.48 dollars in 2021
$5,000 dollars in 1921 $70,922.38 dollars in 2021
$10,000 dollars in 1921 $141,844.77 dollars in 2021
$50,000 dollars in 1921 $709,223.83 dollars in 2021
$100,000 dollars in 1921 $1,418,447.66 dollars in 2021
$500,000 dollars in 1921 $7,092,238.32 dollars in 2021
$1,000,000 dollars in 1921 $14,184,476.65 dollars in 2021
Cumulative inflation From 1921 1,408.3%
Avg. annual inflation From 1921 2.72%
CPI 1921 7.89
CPI today 118.97

Value of Dollar over time (by year)

Period Value
1921 100
1922 92.15
1923 92.15
1924 90.4
1925 91.49
1926 92.15
1927 90.82
1928 91.49
1929 92.4
1930 91.49
1931 82.47
1932 74.71
1933 71.45
1934 72.29
1935 72.62
1936 74.12
1937 76.79
1938 77.21
1939 76.63
1940 79.88
1941 84.64
1942 88.56
1943 90.48
1944 91.07
1945 91.65
1946 94.49
1947 103.01
1948 117.7
1949 121.79
1950 125.04
1951 138.23
1952 141.82
1953 140.4
1954 141.32
1955 141.57
1956 143.49
1957 148.25
1958 151.75
1959 153.59
1960 155.68
1961 157.26
1962 158.93
1963 161.52
1964 164.61
1965 168.45
1966 174.87
1967 181.14
1968 188.48
1969 197.08
1970 203.67
1971 209.18
1972 219.62
1973 236.06
1974 262.02
1975 289.98
1976 311.85
1977 336.73
1978 366.94
1979 400.5
1980 441.07
1981 496.08
1982 549.5
1983 581.72
1984 606.76
1985 630.8
1986 657.26
1987 685.89
1988 713.52
1989 749.08
1990 784.89
1991 829.05
1992 841.4
1993 857.1
1994 858.51
1995 876.96
1996 890.73
1997 905.18
1998 914.19
1999 930.05
2000 955.34
2001 979.47
2002 1,001.59
2003 1,029.22
2004 1,048.33
2005 1,071.54
2006 1,092.99
2007 1,116.36
2008 1,142.82
2009 1,146.24
2010 1,166.61
2011 1,200.58
2012 1,218.78
2013 1,230.22
2014 1,253.67
2015 1,267.78
2016 1,285.89
2017 1,306.43
2018 1,336.06
2019 1,362.1
2020 1,371.87
2021 1,418.45
2022-04 1,500.5
Today 1,508.3

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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