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Value of 1943 Canadian Dollar today

$100 in 1943
$1,698.06 in 2022

The inflation rate in Canada between 1943 and today has been 1,598.06%, which translates into a total increase of $1,598.06. This means that 100 dollars in 1943 are equivalent to 1,698.06 dollars in 2022. In other words, the purchasing power of $100 in 1943 equals $1,698.06 today. The average annual inflation rate between these periods has been 3.65%.

Inflation timeline in Canada (1943 - 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 1943-2021 1,467.62%
Cumulative inflation 1943-today 1,598.06%
Avg. Annual inflation 1943-2021 3.59%
CPI 1943 7.14
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 1943 and 2021, use the corresponding CPI values:

Value2021
=Value1943 ×
CPI2021/CPI1943
=$ 100 ×
111.88/7.14
$1,567.62

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

Valuetoday
=Value1943 ×
CPItoday/CPI1943
=$ 100 ×
121.19/7.14
$1,698.06

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 78 years between 1943 and 2021 and the average inflation rate was 3.5914%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.035914)78
$1,567.62

Canada inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1943 $15.68 dollars in 2021
$5 dollars in 1943 $78.38 dollars in 2021
$10 dollars in 1943 $156.76 dollars in 2021
$50 dollars in 1943 $783.81 dollars in 2021
$100 dollars in 1943 $1,567.62 dollars in 2021
$500 dollars in 1943 $7,838.1 dollars in 2021
$1,000 dollars in 1943 $15,676.2 dollars in 2021
$5,000 dollars in 1943 $78,381 dollars in 2021
$10,000 dollars in 1943 $156,762.01 dollars in 2021
$50,000 dollars in 1943 $783,810.04 dollars in 2021
$100,000 dollars in 1943 $1,567,620.08 dollars in 2021
$500,000 dollars in 1943 $7,838,100.41 dollars in 2021
$1,000,000 dollars in 1943 $15,676,200.83 dollars in 2021
Cumulative inflation From 1943 1,598.06%
Avg. annual inflation From 1943 3.65%
CPI 1943 7.14
CPI today 121.19

Value of Dollar over time (by year)

Period Value
1943 100
1944 100.65
1945 101.29
1946 104.43
1947 113.84
1948 130.07
1949 134.59
1950 138.19
1951 152.77
1952 156.73
1953 155.17
1954 156.18
1955 156.46
1956 158.58
1957 163.84
1958 167.71
1959 169.74
1960 172.05
1961 173.8
1962 175.65
1963 178.51
1964 181.92
1965 186.16
1966 193.27
1967 200.18
1968 208.3
1969 217.8
1970 225.09
1971 231.18
1972 242.71
1973 260.89
1974 289.58
1975 320.48
1976 344.65
1977 372.14
1978 405.53
1979 442.62
1980 487.45
1981 548.25
1982 607.29
1983 642.9
1984 670.57
1985 697.14
1986 726.38
1987 758.03
1988 788.56
1989 827.86
1990 867.44
1991 916.24
1992 929.89
1993 947.23
1994 948.8
1995 969.19
1996 984.41
1997 1,000.37
1998 1,010.33
1999 1,027.86
2000 1,055.81
2001 1,082.47
2002 1,106.92
2003 1,137.45
2004 1,158.58
2005 1,184.23
2006 1,207.93
2007 1,233.76
2008 1,263.01
2009 1,266.79
2010 1,289.3
2011 1,326.84
2012 1,346.96
2013 1,359.59
2014 1,385.52
2015 1,401.11
2016 1,421.13
2017 1,443.82
2018 1,476.57
2019 1,505.35
2020 1,516.14
2021 1,567.62
2022-08 1,689.3
Today 1,698.06

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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