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Value of 1932 Canadian Dollar today

$100 in 1932
$2,019.3 in 2022

The inflation rate in Canada between 1932 and today has been 1,919.3%, which translates into a total increase of $1,919.3. This means that 100 dollars in 1932 are equivalent to 2,019.3 dollars in 2022. In other words, the purchasing power of $100 in 1932 equals $2,019.3 today. The average annual inflation rate between these periods has been 3.4%.

Inflation timeline in Canada (1932 - 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 1932-2021 1,798.66%
Cumulative inflation 1932-today 1,919.3%
Avg. Annual inflation 1932-2021 3.36%
CPI 1932 5.89
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 1932 and 2021, use the corresponding CPI values:

Value2021
=Value1932 ×
CPI2021/CPI1932
=$ 100 ×
111.88/5.89
$1,898.66

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

Valuetoday
=Value1932 ×
CPItoday/CPI1932
=$ 100 ×
118.99/5.89
$2,019.3

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 89 years between 1932 and 2021 and the average inflation rate was 3.3629%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.033629)89
$1,898.66

Canada inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1932 $18.99 dollars in 2021
$5 dollars in 1932 $94.93 dollars in 2021
$10 dollars in 1932 $189.87 dollars in 2021
$50 dollars in 1932 $949.33 dollars in 2021
$100 dollars in 1932 $1,898.66 dollars in 2021
$500 dollars in 1932 $9,493.3 dollars in 2021
$1,000 dollars in 1932 $18,986.6 dollars in 2021
$5,000 dollars in 1932 $94,932.98 dollars in 2021
$10,000 dollars in 1932 $189,865.96 dollars in 2021
$50,000 dollars in 1932 $949,329.78 dollars in 2021
$100,000 dollars in 1932 $1,898,659.55 dollars in 2021
$500,000 dollars in 1932 $9,493,297.76 dollars in 2021
$1,000,000 dollars in 1932 $18,986,595.53 dollars in 2021
Cumulative inflation From 1932 1,919.3%
Avg. annual inflation From 1932 3.4%
CPI 1932 5.89
CPI today 118.99

Value of Dollar over time (by year)

Period Value
1932 100
1933 95.64
1934 96.76
1935 97.21
1936 99.22
1937 102.79
1938 103.35
1939 102.57
1940 106.93
1941 113.3
1942 118.55
1943 121.12
1944 121.9
1945 122.68
1946 126.48
1947 137.88
1948 157.54
1949 163.02
1950 167.37
1951 185.03
1952 189.83
1953 187.93
1954 189.16
1955 189.5
1956 192.07
1957 198.44
1958 203.13
1959 205.59
1960 208.38
1961 210.5
1962 212.74
1963 216.2
1964 220.34
1965 225.47
1966 234.08
1967 242.46
1968 252.29
1969 263.8
1970 272.63
1971 280
1972 293.97
1973 315.98
1974 350.73
1975 388.16
1976 417.43
1977 450.73
1978 491.17
1979 536.09
1980 590.39
1981 664.02
1982 735.53
1983 778.66
1984 812.18
1985 844.36
1986 879.78
1987 918.1
1988 955.08
1989 1,002.68
1990 1,050.61
1991 1,109.72
1992 1,126.26
1993 1,147.26
1994 1,149.16
1995 1,173.85
1996 1,192.29
1997 1,211.62
1998 1,223.69
1999 1,244.92
2000 1,278.77
2001 1,311.06
2002 1,340.67
2003 1,377.65
2004 1,403.24
2005 1,434.3
2006 1,463.02
2007 1,494.3
2008 1,529.72
2009 1,534.3
2010 1,561.56
2011 1,607.04
2012 1,631.4
2013 1,646.7
2014 1,678.1
2015 1,696.98
2016 1,721.23
2017 1,748.72
2018 1,788.38
2019 1,823.24
2020 1,836.31
2021 1,898.66
2022-04 2,008.49
Today 2,019.3

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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