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Value of 1947 Canadian Dollar today

$100 in 1947
$1,464.56 in 2022

The inflation rate in Canada between 1947 and today has been 1,364.56%, which translates into a total increase of $1,364.56. This means that 100 dollars in 1947 are equivalent to 1,464.56 dollars in 2022. In other words, the purchasing power of $100 in 1947 equals $1,464.56 today. The average annual inflation rate between these periods has been 3.64%.

Inflation timeline in Canada (1947 - 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 1947-2021 1,277.07%
Cumulative inflation 1947-today 1,364.56%
Avg. Annual inflation 1947-2021 3.61%
CPI 1947 8.12
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 1947 and 2021, use the corresponding CPI values:

Value2021
=Value1947 ×
CPI2021/CPI1947
=$ 100 ×
111.88/8.12
$1,377.07

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

Valuetoday
=Value1947 ×
CPItoday/CPI1947
=$ 100 ×
118.99/8.12
$1,464.56

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 74 years between 1947 and 2021 and the average inflation rate was 3.6075%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.036075)74
$1,377.07

Canada inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1947 $13.77 dollars in 2021
$5 dollars in 1947 $68.85 dollars in 2021
$10 dollars in 1947 $137.71 dollars in 2021
$50 dollars in 1947 $688.53 dollars in 2021
$100 dollars in 1947 $1,377.07 dollars in 2021
$500 dollars in 1947 $6,885.33 dollars in 2021
$1,000 dollars in 1947 $13,770.67 dollars in 2021
$5,000 dollars in 1947 $68,853.34 dollars in 2021
$10,000 dollars in 1947 $137,706.67 dollars in 2021
$50,000 dollars in 1947 $688,533.37 dollars in 2021
$100,000 dollars in 1947 $1,377,066.73 dollars in 2021
$500,000 dollars in 1947 $6,885,333.67 dollars in 2021
$1,000,000 dollars in 1947 $13,770,667.34 dollars in 2021
Cumulative inflation From 1947 1,364.56%
Avg. annual inflation From 1947 3.64%
CPI 1947 8.12
CPI today 118.99

Value of Dollar over time (by year)

Period Value
1947 100
1948 114.26
1949 118.23
1950 121.39
1951 134.2
1952 137.68
1953 136.3
1954 137.2
1955 137.44
1956 139.3
1957 143.92
1958 147.33
1959 149.11
1960 151.13
1961 152.67
1962 154.29
1963 156.81
1964 159.81
1965 163.53
1966 169.77
1967 175.85
1968 182.98
1969 191.33
1970 197.73
1971 203.08
1972 213.21
1973 229.17
1974 254.38
1975 281.52
1976 302.76
1977 326.9
1978 356.24
1979 388.82
1980 428.2
1981 481.6
1982 533.47
1983 564.75
1984 589.06
1985 612.4
1986 638.09
1987 665.88
1988 692.71
1989 727.23
1990 761.99
1991 804.86
1992 816.86
1993 832.09
1994 833.47
1995 851.38
1996 864.75
1997 878.77
1998 887.52
1999 902.92
2000 927.47
2001 950.89
2002 972.37
2003 999.19
2004 1,017.75
2005 1,040.28
2006 1,061.1
2007 1,083.79
2008 1,109.48
2009 1,112.8
2010 1,132.58
2011 1,165.56
2012 1,183.23
2013 1,194.33
2014 1,217.1
2015 1,230.79
2016 1,248.38
2017 1,268.31
2018 1,297.08
2019 1,322.37
2020 1,331.85
2021 1,377.07
2022-04 1,456.73
Today 1,464.56

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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