Value of 1951 Canadian Dollar today

$100 in 1951

$1,039.55 in 2018

The inflation rate in Canada between 1951 and today has been 939.55%, which translates into a total increase of $939.55. This means that 100 dollars in 1951 are equivalent to 1,039.55 dollars in 2018. In other words, the purchasing power of $100 in 1951 equals $1,039.55 today. The average annual inflation rate has been 3.5%.

Inflation timeline in Canada (1951-2018)

The following chart ilustrates the equivalence of $100 throughout the years due to inflation and CPI changes. All values are equivalent in terms of purchashing 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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1951-2018) 913.95%
Total Inflation* 939.55%
Annual inflation avg. (1951-2018) 3.52%
Annual inflation avg.* 3.5%
CPI 1951 10.19
CPI 2018 103.34
CPI today* 105.95
$1 in 1951 $10.14 in 2018

* Values extrapolated from the last official data to obtain today's values.

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 compound interest formula or the Consumer Price Index (CPI) formula.

Using the compound interest formula

Given that money changes in time as a result of an inflation rate that acts as a compound interest, the following formula can be used: 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 67 years between 1951 and 2018 and the average inflation rate has been 3.5032%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $100 * (1 + 0.04)67 = $1,013.95

Using the CPI formula

When the CPI for both start and end years is known, the following formula can be used:

Final value = Initial value *
CPI final/CPI initial

In this case, the CPI in 1951 was 10.19 and the CPI today is 105.95. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $100 *
103.34/10.19
= $1,013.95

Canada inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1951 $10.4 dollars today
$5 dollars in 1951 $51.98 dollars today
$10 dollars in 1951 $103.95 dollars today
$50 dollars in 1951 $519.77 dollars today
$100 dollars in 1951 $1,039.55 dollars today
$500 dollars in 1951 $5,197.73 dollars today
$1,000 dollars in 1951 $10,395.45 dollars today
$5,000 dollars in 1951 $51,977.26 dollars today
$10,000 dollars in 1951 $103,954.52 dollars today
$50,000 dollars in 1951 $519,772.61 dollars today
$100,000 dollars in 1951 $1,039,545.22 dollars today
$500,000 dollars in 1951 $5,197,726.08 dollars today
$1,000,000 dollars in 1951 $10,395,452.16 dollars today

Value of Dollar in time (by year)

Period Value
1951 100
1952 110.85
1953 109.3
1954 109.3
1955 109.3
1956 110.08
1957 113.18
1958 115.5
1959 118.6
1960 120.15
1961 121.71
1962 121.71
1963 124.03
1964 126.36
1965 128.68
1966 132.56
1967 137.21
1968 142.64
1969 148.84
1970 155.81
1971 157.36
1972 165.12
1973 173.64
1974 189.92
1975 213.95
1976 234.11
1977 247.29
1978 270.54
1979 293.8
1980 322.48
1981 358.14
1982 401.55
1983 438.76
1984 458.91
1985 475.97
1986 496.9
1987 517.83
1988 539.53
1989 560.46
1990 589.92
1991 619.38
1992 642.64
1993 656.59
1994 667.44
1995 668.99
1996 680.62
1997 695.35
1998 700.77
1999 707.75
2000 726.36
2001 749.61
2002 755.04
2003 783.72
2004 800
2005 817.05
2006 834.11
2007 848.06
2008 868.22
2009 878.29
2010 889.92
2011 910.85
2012 931.78
2013 939.53
2014 951.16
2015 965.12
2016 980.62
2017 995.35
2018 1,013.95
Today 1,039.55