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Value of 1939 Canadian Dollar today

$100 in 1939
$1,968.7 in 2022

The inflation rate in Canada between 1939 and today has been 1,868.7%, which translates into a total increase of $1,868.7. This means that 100 dollars in 1939 are equivalent to 1,968.7 dollars in 2022. In other words, the purchasing power of $100 in 1939 equals $1,968.7 today. The average annual inflation rate between these periods has been 3.66%.

Inflation timeline in Canada (1939 - 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 1939-2021 1,751.09%
Cumulative inflation 1939-today 1,868.7%
Avg. Annual inflation 1939-2021 3.62%
CPI 1939 6.04
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 1939 and 2021, use the corresponding CPI values:

Value2021
=Value1939 ×
CPI2021/CPI1939
=$ 100 ×
111.88/6.04
$1,851.09

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

Valuetoday
=Value1939 ×
CPItoday/CPI1939
=$ 100 ×
118.99/6.04
$1,968.7

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 82 years between 1939 and 2021 and the average inflation rate was 3.6231%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.036231)82
$1,851.09

Canada inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1939 $18.51 dollars in 2021
$5 dollars in 1939 $92.55 dollars in 2021
$10 dollars in 1939 $185.11 dollars in 2021
$50 dollars in 1939 $925.54 dollars in 2021
$100 dollars in 1939 $1,851.09 dollars in 2021
$500 dollars in 1939 $9,255.45 dollars in 2021
$1,000 dollars in 1939 $18,510.9 dollars in 2021
$5,000 dollars in 1939 $92,554.49 dollars in 2021
$10,000 dollars in 1939 $185,108.98 dollars in 2021
$50,000 dollars in 1939 $925,544.88 dollars in 2021
$100,000 dollars in 1939 $1,851,089.76 dollars in 2021
$500,000 dollars in 1939 $9,255,448.78 dollars in 2021
$1,000,000 dollars in 1939 $18,510,897.56 dollars in 2021
Cumulative inflation From 1939 1,868.7%
Avg. annual inflation From 1939 3.66%
CPI 1939 6.04
CPI today 118.99

Value of Dollar over time (by year)

Period Value
1939 100
1940 104.25
1941 110.46
1942 115.58
1943 118.08
1944 118.85
1945 119.61
1946 123.31
1947 134.42
1948 153.59
1949 158.93
1950 163.18
1951 180.39
1952 185.08
1953 183.22
1954 184.42
1955 184.75
1956 187.25
1957 193.46
1958 198.04
1959 200.44
1960 203.16
1961 205.23
1962 207.41
1963 210.78
1964 214.81
1965 219.83
1966 228.21
1967 236.38
1968 245.97
1969 257.19
1970 265.8
1971 272.98
1972 286.6
1973 308.06
1974 341.94
1975 378.43
1976 406.97
1977 439.43
1978 478.87
1979 522.66
1980 575.6
1981 647.39
1982 717.1
1983 759.15
1984 791.83
1985 823.2
1986 857.73
1987 895.1
1988 931.15
1989 977.56
1990 1,024.29
1991 1,081.92
1992 1,098.04
1993 1,118.52
1994 1,120.37
1995 1,144.44
1996 1,162.42
1997 1,181.26
1998 1,193.03
1999 1,213.73
2000 1,246.73
2001 1,278.21
2002 1,307.08
2003 1,343.14
2004 1,368.08
2005 1,398.37
2006 1,426.36
2007 1,456.86
2008 1,491.39
2009 1,495.86
2010 1,522.44
2011 1,566.78
2012 1,590.52
2013 1,605.45
2014 1,636.06
2015 1,654.47
2016 1,678.11
2017 1,704.9
2018 1,743.57
2019 1,777.56
2020 1,790.3
2021 1,851.09
2022-04 1,958.17
Today 1,968.7

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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