# Value of 1957 Canadian Dollar today

\$100 in 1957

\$914.76 today

The inflation rate in Canada between 1957 and today has been 814.76%, which translates into a total increase of \$814.76. This means that 100 dollars in 1957 are equivalent to 914.76 dollars in 2019. In other words, the purchasing power of \$100 in 1957 equals \$914.76 today. The average annual inflation rate has been 3.58%.

## Inflation timeline in Canada (1957-2020)

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 (1957-2019) 813.7%
Total Inflation* 814.76%
Annual inflation avg. (1957-2019) 3.63%
Annual inflation avg.* 3.58%
CPI 1957 11.54
CPI 2019 105.4
CPI today* 105.52
\$1 in 1957 \$9.14 in 2019

* 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 62 years between 1957 and 2019 and the average inflation rate has been 3.5759%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = \$100 * (1 + 0.04)62 = \$913.7

#### 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 1957 was 11.54 and the CPI today is 105.52. Therefore,

Final value = Initial value *
CPI final/CPI initial
= \$100 *
105.4/11.54
= \$913.7

### Canada inflation - Conversion table

Initial Value Equivalent value
\$1 dollar in 1957 \$9.15 dollars today
\$5 dollars in 1957 \$45.74 dollars today
\$10 dollars in 1957 \$91.48 dollars today
\$50 dollars in 1957 \$457.38 dollars today
\$100 dollars in 1957 \$914.76 dollars today
\$500 dollars in 1957 \$4,573.79 dollars today
\$1,000 dollars in 1957 \$9,147.58 dollars today
\$5,000 dollars in 1957 \$45,737.92 dollars today
\$10,000 dollars in 1957 \$91,475.83 dollars today
\$50,000 dollars in 1957 \$457,379.17 dollars today
\$100,000 dollars in 1957 \$914,758.34 dollars today
\$500,000 dollars in 1957 \$4,573,791.69 dollars today
\$1,000,000 dollars in 1957 \$9,147,583.38 dollars today

Period Value
1957 100
1958 102.05
1959 104.79
1960 106.16
1961 107.53
1962 107.53
1963 109.59
1964 111.64
1965 113.7
1966 117.12
1967 121.23
1968 126.03
1969 131.51
1970 137.67
1971 139.04
1972 145.89
1973 153.42
1974 167.81
1975 189.04
1976 206.85
1977 218.49
1978 239.04
1979 259.59
1980 284.93
1981 316.44
1982 354.79
1983 387.67
1984 405.48
1985 420.55
1986 439.04
1987 457.53
1988 476.71
1989 495.21
1990 521.23
1991 547.26
1992 567.81
1993 580.14
1994 589.73
1995 591.1
1996 601.37
1997 614.38
1998 619.18
1999 625.34
2000 641.78
2001 662.33
2002 667.12
2003 692.47
2004 706.85
2005 721.92
2006 736.99
2007 749.32
2008 767.12
2009 776.03
2010 786.3
2011 804.79
2012 823.29
2013 830.14
2014 840.41
2015 852.74
2016 866.44
2017 879.45
2018 895.89
2019 913.7
Today 914.76