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Value of 1944 Canadian Dollar today

$100 in 1944
$1,656.53 in 2022

The inflation rate in Canada between 1944 and today has been 1,556.53%, which translates into a total increase of $1,556.53. This means that 100 dollars in 1944 are equivalent to 1,656.53 dollars in 2022. In other words, the purchasing power of $100 in 1944 equals $1,656.53 today. The average annual inflation rate between these periods has been 3.66%.

Inflation timeline in Canada (1944 - 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 1944-2021 1,457.56%
Cumulative inflation 1944-today 1,556.53%
Avg. Annual inflation 1944-2021 3.63%
CPI 1944 7.18
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 1944 and 2021, use the corresponding CPI values:

Value2021
=Value1944 ×
CPI2021/CPI1944
=$ 100 ×
111.88/7.18
$1,557.56

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

Valuetoday
=Value1944 ×
CPItoday/CPI1944
=$ 100 ×
118.99/7.18
$1,656.53

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 77 years between 1944 and 2021 and the average inflation rate was 3.6302%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.036302)77
$1,557.56

Canada inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1944 $15.58 dollars in 2021
$5 dollars in 1944 $77.88 dollars in 2021
$10 dollars in 1944 $155.76 dollars in 2021
$50 dollars in 1944 $778.78 dollars in 2021
$100 dollars in 1944 $1,557.56 dollars in 2021
$500 dollars in 1944 $7,787.81 dollars in 2021
$1,000 dollars in 1944 $15,575.62 dollars in 2021
$5,000 dollars in 1944 $77,878.11 dollars in 2021
$10,000 dollars in 1944 $155,756.22 dollars in 2021
$50,000 dollars in 1944 $778,781.12 dollars in 2021
$100,000 dollars in 1944 $1,557,562.25 dollars in 2021
$500,000 dollars in 1944 $7,787,811.23 dollars in 2021
$1,000,000 dollars in 1944 $15,575,622.46 dollars in 2021
Cumulative inflation From 1944 1,556.53%
Avg. annual inflation From 1944 3.66%
CPI 1944 7.18
CPI today 118.99

Value of Dollar over time (by year)

Period Value
1944 100
1945 100.64
1946 103.76
1947 113.11
1948 129.24
1949 133.73
1950 137.31
1951 151.79
1952 155.73
1953 154.17
1954 155.18
1955 155.45
1956 157.56
1957 162.79
1958 166.64
1959 168.65
1960 170.94
1961 172.69
1962 174.52
1963 177.36
1964 180.75
1965 184.97
1966 192.03
1967 198.9
1968 206.97
1969 216.41
1970 223.65
1971 229.7
1972 241.15
1973 259.21
1974 287.72
1975 318.42
1976 342.44
1977 369.75
1978 402.93
1979 439.78
1980 484.33
1981 544.73
1982 603.39
1983 638.77
1984 666.27
1985 692.67
1986 721.72
1987 753.16
1988 783.5
1989 822.55
1990 861.87
1991 910.36
1992 923.92
1993 941.15
1994 942.71
1995 962.97
1996 978.09
1997 993.95
1998 1,003.85
1999 1,021.27
2000 1,049.04
2001 1,075.53
2002 1,099.82
2003 1,130.16
2004 1,151.15
2005 1,176.63
2006 1,200.18
2007 1,225.85
2008 1,254.9
2009 1,258.66
2010 1,281.03
2011 1,318.33
2012 1,338.31
2013 1,350.87
2014 1,376.63
2015 1,392.12
2016 1,412.01
2017 1,434.56
2018 1,467.09
2019 1,495.69
2020 1,506.42
2021 1,557.56
2022-04 1,647.66
Today 1,656.53

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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