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Value of 1927 Canadian Dollar today

$100 in 1927
$1,691.82 in 2022

The inflation rate in Canada between 1927 and today has been 1,591.82%, which translates into a total increase of $1,591.82. This means that 100 dollars in 1927 are equivalent to 1,691.82 dollars in 2022. In other words, the purchasing power of $100 in 1927 equals $1,691.82 today. The average annual inflation rate between these periods has been 3.02%.

Inflation timeline in Canada (1927 - 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 1927-2021 1,461.86%
Cumulative inflation 1927-today 1,591.82%
Avg. Annual inflation 1927-2021 2.97%
CPI 1927 7.16
CPI 2021 111.88
CPI 2022-08 (latest official data) 120.57
CPI today 121.19

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 1927 and 2021, use the corresponding CPI values:

Value2021
=Value1927 ×
CPI2021/CPI1927
=$ 100 ×
111.88/7.16
$1,561.86

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 121.19:

Valuetoday
=Value1927 ×
CPItoday/CPI1927
=$ 100 ×
121.19/7.16
$1,691.82

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 94 years between 1927 and 2021 and the average inflation rate was 2.9671%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.029671)94
$1,561.86

Canada inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1927 $15.62 dollars in 2021
$5 dollars in 1927 $78.09 dollars in 2021
$10 dollars in 1927 $156.19 dollars in 2021
$50 dollars in 1927 $780.93 dollars in 2021
$100 dollars in 1927 $1,561.86 dollars in 2021
$500 dollars in 1927 $7,809.28 dollars in 2021
$1,000 dollars in 1927 $15,618.57 dollars in 2021
$5,000 dollars in 1927 $78,092.85 dollars in 2021
$10,000 dollars in 1927 $156,185.69 dollars in 2021
$50,000 dollars in 1927 $780,928.45 dollars in 2021
$100,000 dollars in 1927 $1,561,856.9 dollars in 2021
$500,000 dollars in 1927 $7,809,284.5 dollars in 2021
$1,000,000 dollars in 1927 $15,618,569.01 dollars in 2021
Cumulative inflation From 1927 1,591.82%
Avg. annual inflation From 1927 3.02%
CPI 1927 7.16
CPI today 121.19

Value of Dollar over time (by year)

Period Value
1927 100
1928 100.74
1929 101.75
1930 100.74
1931 90.81
1932 82.26
1933 78.68
1934 79.6
1935 79.96
1936 81.62
1937 84.56
1938 85.02
1939 84.37
1940 87.96
1941 93.2
1942 97.52
1943 99.63
1944 100.28
1945 100.92
1946 104.04
1947 113.42
1948 129.6
1949 134.1
1950 137.68
1951 152.21
1952 156.16
1953 154.6
1954 155.61
1955 155.88
1956 158
1957 163.24
1958 167.1
1959 169.12
1960 171.42
1961 173.16
1962 175
1963 177.85
1964 181.25
1965 185.48
1966 192.56
1967 199.45
1968 207.54
1969 217
1970 224.26
1971 230.33
1972 241.82
1973 259.93
1974 288.51
1975 319.3
1976 343.38
1977 370.77
1978 404.04
1979 440.99
1980 485.66
1981 546.23
1982 605.06
1983 640.53
1984 668.11
1985 694.58
1986 723.71
1987 755.24
1988 785.66
1989 824.82
1990 864.25
1991 912.87
1992 926.47
1993 943.75
1994 945.31
1995 965.63
1996 980.79
1997 996.69
1998 1,006.62
1999 1,024.08
2000 1,051.93
2001 1,078.49
2002 1,102.85
2003 1,133.27
2004 1,154.32
2005 1,179.87
2006 1,203.49
2007 1,229.23
2008 1,258.36
2009 1,262.13
2010 1,284.56
2011 1,321.97
2012 1,342
2013 1,354.6
2014 1,380.42
2015 1,395.96
2016 1,415.9
2017 1,438.51
2018 1,471.14
2019 1,499.82
2020 1,510.57
2021 1,561.86
2022-08 1,683.09
Today 1,691.82

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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