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Value of 1937 Canadian Dollar today

$100 in 1937
$2,001.14 in 2022

The inflation rate in Canada between 1937 and today has been 1,901.14%, which translates into a total increase of $1,901.14. This means that 100 dollars in 1937 are equivalent to 2,001.14 dollars in 2022. In other words, the purchasing power of $100 in 1937 equals $2,001.14 today. The average annual inflation rate between these periods has been 3.59%.

Inflation timeline in Canada (1937 - 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 1937-2021 1,747.07%
Cumulative inflation 1937-today 1,901.14%
Avg. Annual inflation 1937-2021 3.53%
CPI 1937 6.06
CPI 2021 111.88
CPI 2022-08 (latest official data) 120.57
CPI today 121.22

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 1937 and 2021, use the corresponding CPI values:

Value2021
=Value1937 ×
CPI2021/CPI1937
=$ 100 ×
111.88/6.06
$1,847.07

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 121.22:

Valuetoday
=Value1937 ×
CPItoday/CPI1937
=$ 100 ×
121.22/6.06
$2,001.14

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 84 years between 1937 and 2021 and the average inflation rate was 3.5326%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.035326)84
$1,847.07

Canada inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1937 $18.47 dollars in 2021
$5 dollars in 1937 $92.35 dollars in 2021
$10 dollars in 1937 $184.71 dollars in 2021
$50 dollars in 1937 $923.53 dollars in 2021
$100 dollars in 1937 $1,847.07 dollars in 2021
$500 dollars in 1937 $9,235.33 dollars in 2021
$1,000 dollars in 1937 $18,470.65 dollars in 2021
$5,000 dollars in 1937 $92,353.27 dollars in 2021
$10,000 dollars in 1937 $184,706.54 dollars in 2021
$50,000 dollars in 1937 $923,532.72 dollars in 2021
$100,000 dollars in 1937 $1,847,065.43 dollars in 2021
$500,000 dollars in 1937 $9,235,327.15 dollars in 2021
$1,000,000 dollars in 1937 $18,470,654.31 dollars in 2021
Cumulative inflation From 1937 1,901.14%
Avg. annual inflation From 1937 3.59%
CPI 1937 6.06
CPI today 121.22

Value of Dollar over time (by year)

Period Value
1937 100
1938 100.54
1939 99.78
1940 104.02
1941 110.22
1942 115.33
1943 117.83
1944 118.59
1945 119.35
1946 123.04
1947 134.13
1948 153.26
1949 158.59
1950 162.83
1951 180
1952 184.67
1953 182.83
1954 184.02
1955 184.35
1956 186.85
1957 193.04
1958 197.61
1959 200
1960 202.72
1961 204.78
1962 206.96
1963 210.33
1964 214.35
1965 219.35
1966 227.72
1967 235.87
1968 245.43
1969 256.63
1970 265.22
1971 272.39
1972 285.98
1973 307.39
1974 341.2
1975 377.61
1976 406.09
1977 438.48
1978 477.83
1979 521.52
1980 574.35
1981 645.98
1982 715.54
1983 757.5
1984 790.11
1985 821.41
1986 855.87
1987 893.15
1988 929.13
1989 975.43
1990 1,022.07
1991 1,079.57
1992 1,095.65
1993 1,116.09
1994 1,117.93
1995 1,141.96
1996 1,159.89
1997 1,178.7
1998 1,190.43
1999 1,211.09
2000 1,244.02
2001 1,275.43
2002 1,304.24
2003 1,340.22
2004 1,365.11
2005 1,395.33
2006 1,423.26
2007 1,453.7
2008 1,488.15
2009 1,492.61
2010 1,519.13
2011 1,563.37
2012 1,587.07
2013 1,601.96
2014 1,632.5
2015 1,650.87
2016 1,674.46
2017 1,701.2
2018 1,739.78
2019 1,773.7
2020 1,786.41
2021 1,847.07
2022-08 1,990.44
Today 2,001.14

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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