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Value of 1931 Canadian Dollar today

$100 in 1931
$1,863.06 in 2022

The inflation rate in Canada between 1931 and today has been 1,763.06%, which translates into a total increase of $1,763.06. This means that 100 dollars in 1931 are equivalent to 1,863.06 dollars in 2022. In other words, the purchasing power of $100 in 1931 equals $1,863.06 today. The average annual inflation rate between these periods has been 3.27%.

Inflation timeline in Canada (1931 - 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 1931-2021 1,619.94%
Cumulative inflation 1931-today 1,763.06%
Avg. Annual inflation 1931-2021 3.21%
CPI 1931 6.51
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 1931 and 2021, use the corresponding CPI values:

Value2021
=Value1931 ×
CPI2021/CPI1931
=$ 100 ×
111.88/6.51
$1,719.94

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

Valuetoday
=Value1931 ×
CPItoday/CPI1931
=$ 100 ×
121.19/6.51
$1,863.06

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 90 years between 1931 and 2021 and the average inflation rate was 3.2115%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.032115)90
$1,719.94

Canada inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1931 $17.2 dollars in 2021
$5 dollars in 1931 $86 dollars in 2021
$10 dollars in 1931 $171.99 dollars in 2021
$50 dollars in 1931 $859.97 dollars in 2021
$100 dollars in 1931 $1,719.94 dollars in 2021
$500 dollars in 1931 $8,599.7 dollars in 2021
$1,000 dollars in 1931 $17,199.39 dollars in 2021
$5,000 dollars in 1931 $85,996.97 dollars in 2021
$10,000 dollars in 1931 $171,993.94 dollars in 2021
$50,000 dollars in 1931 $859,969.72 dollars in 2021
$100,000 dollars in 1931 $1,719,939.44 dollars in 2021
$500,000 dollars in 1931 $8,599,697.22 dollars in 2021
$1,000,000 dollars in 1931 $17,199,394.45 dollars in 2021
Cumulative inflation From 1931 1,763.06%
Avg. annual inflation From 1931 3.27%
CPI 1931 6.51
CPI today 121.19

Value of Dollar over time (by year)

Period Value
1931 100
1932 90.59
1933 86.64
1934 87.65
1935 88.06
1936 89.88
1937 93.12
1938 93.62
1939 92.91
1940 96.86
1941 102.63
1942 107.39
1943 109.72
1944 110.43
1945 111.13
1946 114.57
1947 124.9
1948 142.71
1949 147.67
1950 151.62
1951 167.61
1952 171.96
1953 170.24
1954 171.36
1955 171.66
1956 173.99
1957 179.76
1958 184.01
1959 186.23
1960 188.77
1961 190.69
1962 192.71
1963 195.85
1964 199.6
1965 204.25
1966 212.04
1967 219.64
1968 228.54
1969 238.97
1970 246.96
1971 253.64
1972 266.3
1973 286.23
1974 317.71
1975 351.62
1976 378.14
1977 408.3
1978 444.94
1979 485.63
1980 534.82
1981 601.52
1982 666.3
1983 705.36
1984 735.73
1985 764.88
1986 796.96
1987 831.68
1988 865.18
1989 908.3
1990 951.72
1991 1,005.26
1992 1,020.24
1993 1,039.27
1994 1,040.99
1995 1,063.36
1996 1,080.06
1997 1,097.57
1998 1,108.5
1999 1,127.73
2000 1,158.4
2001 1,187.65
2002 1,214.47
2003 1,247.98
2004 1,271.15
2005 1,299.29
2006 1,325.3
2007 1,353.64
2008 1,385.73
2009 1,389.88
2010 1,414.57
2011 1,455.77
2012 1,477.83
2013 1,491.7
2014 1,520.14
2015 1,537.25
2016 1,559.21
2017 1,584.11
2018 1,620.04
2019 1,651.62
2020 1,663.46
2021 1,719.94
2022-08 1,853.44
Today 1,863.06

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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