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Value of 1949 Canadian Dollar today

$100 in 1949
$1,261.62 in 2022

The inflation rate in Canada between 1949 and today has been 1,161.62%, which translates into a total increase of $1,161.62. This means that 100 dollars in 1949 are equivalent to 1,261.62 dollars in 2022. In other words, the purchasing power of $100 in 1949 equals $1,261.62 today. The average annual inflation rate between these periods has been 3.53%.

Inflation timeline in Canada (1949 - 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 1949-2021 1,064.7%
Cumulative inflation 1949-today 1,161.62%
Avg. Annual inflation 1949-2021 3.47%
CPI 1949 9.61
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 1949 and 2021, use the corresponding CPI values:

Value2021
=Value1949 ×
CPI2021/CPI1949
=$ 100 ×
111.88/9.61
$1,164.7

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

Valuetoday
=Value1949 ×
CPItoday/CPI1949
=$ 100 ×
121.19/9.61
$1,261.62

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 72 years between 1949 and 2021 and the average inflation rate was 3.4686%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.034686)72
$1,164.7

Canada inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1949 $11.65 dollars in 2021
$5 dollars in 1949 $58.24 dollars in 2021
$10 dollars in 1949 $116.47 dollars in 2021
$50 dollars in 1949 $582.35 dollars in 2021
$100 dollars in 1949 $1,164.7 dollars in 2021
$500 dollars in 1949 $5,823.51 dollars in 2021
$1,000 dollars in 1949 $11,647.02 dollars in 2021
$5,000 dollars in 1949 $58,235.1 dollars in 2021
$10,000 dollars in 1949 $116,470.2 dollars in 2021
$50,000 dollars in 1949 $582,351.02 dollars in 2021
$100,000 dollars in 1949 $1,164,702.05 dollars in 2021
$500,000 dollars in 1949 $5,823,510.23 dollars in 2021
$1,000,000 dollars in 1949 $11,647,020.47 dollars in 2021
Cumulative inflation From 1949 1,161.62%
Avg. annual inflation From 1949 3.53%
CPI 1949 9.61
CPI today 121.19

Value of Dollar over time (by year)

Period Value
1949 100
1950 102.67
1951 113.5
1952 116.45
1953 115.28
1954 116.04
1955 116.24
1956 117.82
1957 121.73
1958 124.61
1959 126.11
1960 127.83
1961 129.13
1962 130.5
1963 132.63
1964 135.16
1965 138.31
1966 143.59
1967 148.73
1968 154.76
1969 161.82
1970 167.24
1971 171.76
1972 180.33
1973 193.83
1974 215.15
1975 238.11
1976 256.07
1977 276.49
1978 301.3
1979 328.86
1980 362.17
1981 407.33
1982 451.2
1983 477.66
1984 498.22
1985 517.96
1986 539.68
1987 563.19
1988 585.88
1989 615.08
1990 644.48
1991 680.74
1992 690.88
1993 703.77
1994 704.93
1995 720.08
1996 731.39
1997 743.25
1998 750.65
1999 763.67
2000 784.44
2001 804.25
2002 822.41
2003 845.1
2004 860.8
2005 879.85
2006 897.46
2007 916.66
2008 938.38
2009 941.19
2010 957.92
2011 985.81
2012 1,000.75
2013 1,010.14
2014 1,029.4
2015 1,040.99
2016 1,055.86
2017 1,072.72
2018 1,097.05
2019 1,118.44
2020 1,126.46
2021 1,164.7
2022-08 1,255.11
Today 1,261.62

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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