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Value of 1953 Canadian Dollar today

$100 in 1953
$1,101.82 in 2022

The inflation rate in Canada between 1953 and today has been 1,001.82%, which translates into a total increase of $1,001.82. This means that 100 dollars in 1953 are equivalent to 1,101.82 dollars in 2022. In other words, the purchasing power of $100 in 1953 equals $1,101.82 today. The average annual inflation rate between these periods has been 3.54%.

Inflation timeline in Canada (1953 - 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 1953-2021 910.29%
Cumulative inflation 1953-today 1,001.82%
Avg. Annual inflation 1953-2021 3.46%
CPI 1953 11.07
CPI 2021 111.88
CPI 2022-10 (latest official data) 121.52
CPI today 122.02

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 1953 and 2021, use the corresponding CPI values:

Value2021
=Value1953 ×
CPI2021/CPI1953
=$ 100 ×
111.88/11.07
$1,010.29

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 122.02:

Valuetoday
=Value1953 ×
CPItoday/CPI1953
=$ 100 ×
122.02/11.07
$1,101.82

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 68 years between 1953 and 2021 and the average inflation rate was 3.4597%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.034597)68
$1,010.29

Canada inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1953 $10.1 dollars in 2021
$5 dollars in 1953 $50.51 dollars in 2021
$10 dollars in 1953 $101.03 dollars in 2021
$50 dollars in 1953 $505.14 dollars in 2021
$100 dollars in 1953 $1,010.29 dollars in 2021
$500 dollars in 1953 $5,051.43 dollars in 2021
$1,000 dollars in 1953 $10,102.86 dollars in 2021
$5,000 dollars in 1953 $50,514.29 dollars in 2021
$10,000 dollars in 1953 $101,028.58 dollars in 2021
$50,000 dollars in 1953 $505,142.88 dollars in 2021
$100,000 dollars in 1953 $1,010,285.76 dollars in 2021
$500,000 dollars in 1953 $5,051,428.82 dollars in 2021
$1,000,000 dollars in 1953 $10,102,857.64 dollars in 2021
Cumulative inflation From 1953 1,001.82%
Avg. annual inflation From 1953 3.54%
CPI 1953 11.07
CPI today 122.02

Value of Dollar over time (by year)

Period Value
1953 100
1954 100.65
1955 100.83
1956 102.2
1957 105.59
1958 108.09
1959 109.39
1960 110.88
1961 112.01
1962 113.2
1963 115.04
1964 117.24
1965 119.98
1966 124.55
1967 129.01
1968 134.24
1969 140.37
1970 145.07
1971 148.99
1972 156.42
1973 168.13
1974 186.62
1975 206.54
1976 222.12
1977 239.83
1978 261.36
1979 285.26
1980 314.15
1981 353.33
1982 391.38
1983 414.33
1984 432.16
1985 449.29
1986 468.13
1987 488.53
1988 508.2
1989 533.53
1990 559.04
1991 590.49
1992 599.29
1993 610.46
1994 611.47
1995 624.61
1996 634.42
1997 644.71
1998 651.13
1999 662.43
2000 680.44
2001 697.62
2002 713.38
2003 733.06
2004 746.67
2005 763.2
2006 778.48
2007 795.13
2008 813.97
2009 816.41
2010 830.92
2011 855.11
2012 868.07
2013 876.22
2014 892.93
2015 902.97
2016 915.87
2017 930.5
2018 951.61
2019 970.15
2020 977.11
2021 1,010.29
2022-10 1,097.27
Today 1,101.82

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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