# Value of 1954 Canadian Dollar today

\$100 in 1954

\$969.01 in 2020

The inflation rate in Canada between 1954 and today has been 869.01%, which translates into a total increase of \$869.01. This means that 100 dollars in 1954 are equivalent to 969.01 dollars in 2020. In other words, the purchasing power of \$100 in 1954 equals \$969.01 today. The average annual inflation rate has been 3.45%.

## Inflation timeline in Canada (1954-2020)

The following chart depicts the equivalence of \$100 throughout the years due to 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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1954-2020) 867.38%
Total Inflation* 869.01%
Annual inflation avg. (1954-2020) 3.5%
Annual inflation avg.* 3.45%
CPI 1954 11.14
CPI 2020 107.77
CPI today* 107.95
\$1 in 1954 \$9.67 in 2020

* 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 with 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 66 years between 1954 and 2020 and the average inflation rate has been 3.4478%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = \$100 * (1 + 0.03)66 = \$967.38

#### 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 1954 was 11.14 and the CPI today is 107.95. Therefore,

Final value = Initial value *
CPI final/CPI initial
= \$100 *
107.77/11.14
= \$967.38

### Canada inflation - Conversion table

Initial Value Equivalent value
\$1 dollar in 1954 \$9.69 dollars today
\$5 dollars in 1954 \$48.45 dollars today
\$10 dollars in 1954 \$96.9 dollars today
\$50 dollars in 1954 \$484.5 dollars today
\$100 dollars in 1954 \$969.01 dollars today
\$500 dollars in 1954 \$4,845.04 dollars today
\$1,000 dollars in 1954 \$9,690.08 dollars today
\$5,000 dollars in 1954 \$48,450.4 dollars today
\$10,000 dollars in 1954 \$96,900.79 dollars today
\$50,000 dollars in 1954 \$484,503.97 dollars today
\$100,000 dollars in 1954 \$969,007.94 dollars today
\$500,000 dollars in 1954 \$4,845,039.72 dollars today
\$1,000,000 dollars in 1954 \$9,690,079.45 dollars today

Period Value
1954 100
1955 100
1956 100.71
1957 103.55
1958 105.67
1959 108.51
1960 109.93
1961 111.35
1962 111.35
1963 113.48
1964 115.6
1965 117.73
1966 121.28
1967 125.53
1968 130.5
1969 136.17
1970 142.55
1971 143.97
1972 151.06
1973 158.87
1974 173.76
1975 195.74
1976 214.18
1977 226.24
1978 247.52
1979 268.79
1980 295.04
1981 327.66
1982 367.38
1983 401.42
1984 419.86
1985 435.46
1986 454.61
1987 473.76
1988 493.62
1989 512.77
1990 539.72
1991 566.67
1992 587.94
1993 600.71
1994 610.64
1995 612.06
1996 622.7
1997 636.17
1998 641.13
1999 647.52
2000 664.54
2001 685.82
2002 690.78
2003 717.02
2004 731.92
2005 747.52
2006 763.12
2007 775.89
2008 794.33
2009 803.55
2010 814.18
2011 833.33
2012 852.48
2013 859.57
2014 870.21
2015 882.98
2016 897.16
2017 910.64
2018 927.66
2019 946.1
2020 967.38
Today 969.01