$

Value of 1948 Canadian Dollar today

$100 in 1948
$1,305.46 in 2022

The inflation rate in Canada between 1948 and today has been 1,205.46%, which translates into a total increase of $1,205.46. This means that 100 dollars in 1948 are equivalent to 1,305.46 dollars in 2022. In other words, the purchasing power of $100 in 1948 equals $1,305.46 today. The average annual inflation rate between these periods has been 3.53%.

Inflation timeline in Canada (1948 - 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 1948-2021 1,105.18%
Cumulative inflation 1948-today 1,205.46%
Avg. Annual inflation 1948-2021 3.47%
CPI 1948 9.28
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 1948 and 2021, use the corresponding CPI values:

Value2021
=Value1948 ×
CPI2021/CPI1948
=$ 100 ×
111.88/9.28
$1,205.18

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

Valuetoday
=Value1948 ×
CPItoday/CPI1948
=$ 100 ×
121.19/9.28
$1,305.46

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 73 years between 1948 and 2021 and the average inflation rate was 3.4687%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.034687)73
$1,205.18

Canada inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1948 $12.05 dollars in 2021
$5 dollars in 1948 $60.26 dollars in 2021
$10 dollars in 1948 $120.52 dollars in 2021
$50 dollars in 1948 $602.59 dollars in 2021
$100 dollars in 1948 $1,205.18 dollars in 2021
$500 dollars in 1948 $6,025.89 dollars in 2021
$1,000 dollars in 1948 $12,051.77 dollars in 2021
$5,000 dollars in 1948 $60,258.87 dollars in 2021
$10,000 dollars in 1948 $120,517.75 dollars in 2021
$50,000 dollars in 1948 $602,588.75 dollars in 2021
$100,000 dollars in 1948 $1,205,177.49 dollars in 2021
$500,000 dollars in 1948 $6,025,887.46 dollars in 2021
$1,000,000 dollars in 1948 $12,051,774.92 dollars in 2021
Cumulative inflation From 1948 1,205.46%
Avg. annual inflation From 1948 3.53%
CPI 1948 9.28
CPI today 121.19

Value of Dollar over time (by year)

Period Value
1948 100
1949 103.48
1950 106.24
1951 117.45
1952 120.5
1953 119.29
1954 120.07
1955 120.28
1956 121.91
1957 125.96
1958 128.94
1959 130.5
1960 132.27
1961 133.62
1962 135.04
1963 137.23
1964 139.86
1965 143.12
1966 148.58
1967 153.9
1968 160.14
1969 167.45
1970 173.05
1971 177.73
1972 186.6
1973 200.57
1974 222.62
1975 246.38
1976 264.96
1977 286.1
1978 311.77
1979 340.28
1980 374.75
1981 421.49
1982 466.88
1983 494.26
1984 515.53
1985 535.96
1986 558.44
1987 582.77
1988 606.24
1989 636.45
1990 666.88
1991 704.4
1992 714.89
1993 728.23
1994 729.43
1995 745.11
1996 756.81
1997 769.08
1998 776.74
1999 790.21
2000 811.7
2001 832.2
2002 850.99
2003 874.47
2004 890.71
2005 910.43
2006 928.65
2007 948.51
2008 970.99
2009 973.9
2010 991.21
2011 1,020.07
2012 1,035.53
2013 1,045.25
2014 1,065.18
2015 1,077.16
2016 1,092.55
2017 1,110
2018 1,135.18
2019 1,157.31
2020 1,165.6
2021 1,205.18
2022-08 1,298.72
Today 1,305.46

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 |

Other currencies: