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Value of 1951 Canadian Dollar today

$100 in 1951
$1,119.32 in 2022

The inflation rate in Canada between 1951 and today has been 1,019.32%, which translates into a total increase of $1,019.32. This means that 100 dollars in 1951 are equivalent to 1,119.32 dollars in 2022. In other words, the purchasing power of $100 in 1951 equals $1,119.32 today. The average annual inflation rate between these periods has been 3.46%.

Inflation timeline in Canada (1951 - 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 1951-2021 926.15%
Cumulative inflation 1951-today 1,019.32%
Avg. Annual inflation 1951-2021 3.38%
CPI 1951 10.9
CPI 2021 111.88
CPI 2022-10 (latest official data) 121.52
CPI today 122.04

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 1951 and 2021, use the corresponding CPI values:

Value2021
=Value1951 ×
CPI2021/CPI1951
=$ 100 ×
111.88/10.9
$1,026.15

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 122.04:

Valuetoday
=Value1951 ×
CPItoday/CPI1951
=$ 100 ×
122.04/10.9
$1,119.32

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 70 years between 1951 and 2021 and the average inflation rate was 3.3822%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.033822)70
$1,026.15

Canada inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1951 $10.26 dollars in 2021
$5 dollars in 1951 $51.31 dollars in 2021
$10 dollars in 1951 $102.61 dollars in 2021
$50 dollars in 1951 $513.07 dollars in 2021
$100 dollars in 1951 $1,026.15 dollars in 2021
$500 dollars in 1951 $5,130.74 dollars in 2021
$1,000 dollars in 1951 $10,261.47 dollars in 2021
$5,000 dollars in 1951 $51,307.35 dollars in 2021
$10,000 dollars in 1951 $102,614.7 dollars in 2021
$50,000 dollars in 1951 $513,073.5 dollars in 2021
$100,000 dollars in 1951 $1,026,147.01 dollars in 2021
$500,000 dollars in 1951 $5,130,735.05 dollars in 2021
$1,000,000 dollars in 1951 $10,261,470.1 dollars in 2021
Cumulative inflation From 1951 1,019.32%
Avg. annual inflation From 1951 3.46%
CPI 1951 10.9
CPI today 122.04

Value of Dollar over time (by year)

Period Value
1951 100
1952 102.6
1953 101.57
1954 102.23
1955 102.42
1956 103.8
1957 107.25
1958 109.78
1959 111.11
1960 112.62
1961 113.77
1962 114.98
1963 116.85
1964 119.08
1965 121.86
1966 126.51
1967 131.04
1968 136.35
1969 142.57
1970 147.34
1971 151.33
1972 158.88
1973 170.77
1974 189.55
1975 209.78
1976 225.6
1977 243.6
1978 265.46
1979 289.73
1980 319.08
1981 358.88
1982 397.52
1983 420.83
1984 438.95
1985 456.34
1986 475.48
1987 496.2
1988 516.18
1989 541.91
1990 567.81
1991 599.76
1992 608.7
1993 620.05
1994 621.07
1995 634.42
1996 644.38
1997 654.83
1998 661.35
1999 672.83
2000 691.12
2001 708.57
2002 724.58
2003 744.56
2004 758.39
2005 775.18
2006 790.7
2007 807.61
2008 826.75
2009 829.23
2010 843.96
2011 868.54
2012 881.7
2013 889.98
2014 906.94
2015 917.15
2016 930.25
2017 945.11
2018 966.55
2019 985.39
2020 992.45
2021 1,026.15
2022-10 1,114.49
Today 1,119.32

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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