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Value of 1934 Canadian Dollar today

$100 in 1934
$2,086.92 in 2022

The inflation rate in Canada between 1934 and today has been 1,986.92%, which translates into a total increase of $1,986.92. This means that 100 dollars in 1934 are equivalent to 2,086.92 dollars in 2022. In other words, the purchasing power of $100 in 1934 equals $2,086.92 today. The average annual inflation rate between these periods has been 3.51%.

Inflation timeline in Canada (1934 - 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 1934-2021 1,862.24%
Cumulative inflation 1934-today 1,986.92%
Avg. Annual inflation 1934-2021 3.48%
CPI 1934 5.7
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 1934 and 2021, use the corresponding CPI values:

Value2021
=Value1934 ×
CPI2021/CPI1934
=$ 100 ×
111.88/5.7
$1,962.24

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

Valuetoday
=Value1934 ×
CPItoday/CPI1934
=$ 100 ×
118.99/5.7
$2,086.92

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 87 years between 1934 and 2021 and the average inflation rate was 3.4807%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.034807)87
$1,962.24

Canada inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1934 $19.62 dollars in 2021
$5 dollars in 1934 $98.11 dollars in 2021
$10 dollars in 1934 $196.22 dollars in 2021
$50 dollars in 1934 $981.12 dollars in 2021
$100 dollars in 1934 $1,962.24 dollars in 2021
$500 dollars in 1934 $9,811.2 dollars in 2021
$1,000 dollars in 1934 $19,622.4 dollars in 2021
$5,000 dollars in 1934 $98,112.02 dollars in 2021
$10,000 dollars in 1934 $196,224.05 dollars in 2021
$50,000 dollars in 1934 $981,120.23 dollars in 2021
$100,000 dollars in 1934 $1,962,240.46 dollars in 2021
$500,000 dollars in 1934 $9,811,202.29 dollars in 2021
$1,000,000 dollars in 1934 $19,622,404.58 dollars in 2021
Cumulative inflation From 1934 1,986.92%
Avg. annual inflation From 1934 3.51%
CPI 1934 5.7
CPI today 118.99

Value of Dollar over time (by year)

Period Value
1934 100
1935 100.46
1936 102.54
1937 106.24
1938 106.81
1939 106
1940 110.51
1941 117.09
1942 122.52
1943 125.17
1944 125.98
1945 126.79
1946 130.72
1947 142.49
1948 162.82
1949 168.48
1950 172.98
1951 191.22
1952 196.19
1953 194.23
1954 195.5
1955 195.84
1956 198.5
1957 205.08
1958 209.93
1959 212.47
1960 215.36
1961 217.55
1962 219.86
1963 223.44
1964 227.71
1965 233.03
1966 241.92
1967 250.58
1968 260.74
1969 272.63
1970 281.76
1971 289.38
1972 303.81
1973 326.56
1974 362.47
1975 401.15
1976 431.41
1977 465.82
1978 507.62
1979 554.04
1980 610.16
1981 686.26
1982 760.16
1983 804.73
1984 839.38
1985 872.63
1986 909.24
1987 948.85
1988 987.07
1989 1,036.26
1990 1,085.8
1991 1,146.88
1992 1,163.97
1993 1,185.68
1994 1,187.64
1995 1,213.16
1996 1,232.22
1997 1,252.19
1998 1,264.67
1999 1,286.61
2000 1,321.59
2001 1,354.97
2002 1,385.57
2003 1,423.79
2004 1,450.23
2005 1,482.33
2006 1,512.01
2007 1,544.34
2008 1,580.95
2009 1,585.68
2010 1,613.86
2011 1,660.85
2012 1,686.03
2013 1,701.85
2014 1,734.3
2015 1,753.81
2016 1,778.87
2017 1,807.28
2018 1,848.27
2019 1,884.3
2020 1,897.81
2021 1,962.24
2022-04 2,075.75
Today 2,086.92

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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