$

Value of 1957 Canadian Dollar today

$100 in 1957
$1,043.5 in 2022

The inflation rate in Canada between 1957 and today has been 943.5%, which translates into a total increase of $943.5. This means that 100 dollars in 1957 are equivalent to 1,043.5 dollars in 2022. In other words, the purchasing power of $100 in 1957 equals $1,043.5 today. The average annual inflation rate between these periods has been 3.67%.

Inflation timeline in Canada (1957 - 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 1957-2021 856.81%
Cumulative inflation 1957-today 943.5%
Avg. Annual inflation 1957-2021 3.59%
CPI 1957 11.69
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 1957 and 2021, use the corresponding CPI values:

Value2021
=Value1957 ×
CPI2021/CPI1957
=$ 100 ×
111.88/11.69
$956.81

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

Valuetoday
=Value1957 ×
CPItoday/CPI1957
=$ 100 ×
122.02/11.69
$1,043.5

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 64 years between 1957 and 2021 and the average inflation rate was 3.5918%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.035918)64
$956.81

Canada inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1957 $9.57 dollars in 2021
$5 dollars in 1957 $47.84 dollars in 2021
$10 dollars in 1957 $95.68 dollars in 2021
$50 dollars in 1957 $478.41 dollars in 2021
$100 dollars in 1957 $956.81 dollars in 2021
$500 dollars in 1957 $4,784.07 dollars in 2021
$1,000 dollars in 1957 $9,568.13 dollars in 2021
$5,000 dollars in 1957 $47,840.67 dollars in 2021
$10,000 dollars in 1957 $95,681.34 dollars in 2021
$50,000 dollars in 1957 $478,406.7 dollars in 2021
$100,000 dollars in 1957 $956,813.39 dollars in 2021
$500,000 dollars in 1957 $4,784,066.96 dollars in 2021
$1,000,000 dollars in 1957 $9,568,133.93 dollars in 2021
Cumulative inflation From 1957 943.5%
Avg. annual inflation From 1957 3.67%
CPI 1957 11.69
CPI today 122.02

Value of Dollar over time (by year)

Period Value
1957 100
1958 102.36
1959 103.6
1960 105.01
1961 106.08
1962 107.21
1963 108.95
1964 111.04
1965 113.63
1966 117.96
1967 122.18
1968 127.14
1969 132.94
1970 137.39
1971 141.1
1972 148.14
1973 159.23
1974 176.75
1975 195.61
1976 210.36
1977 227.14
1978 247.52
1979 270.16
1980 297.52
1981 334.63
1982 370.66
1983 392.4
1984 409.29
1985 425.51
1986 443.36
1987 462.67
1988 481.31
1989 505.29
1990 529.45
1991 559.23
1992 567.57
1993 578.15
1994 579.11
1995 591.55
1996 600.84
1997 610.59
1998 616.67
1999 627.37
2000 644.43
2001 660.7
2002 675.62
2003 694.26
2004 707.15
2005 722.8
2006 737.27
2007 753.04
2008 770.89
2009 773.2
2010 786.94
2011 809.85
2012 822.13
2013 829.84
2014 845.66
2015 855.18
2016 867.4
2017 881.25
2018 901.24
2019 918.81
2020 925.39
2021 956.81
2022-10 1,039.19
Today 1,043.5

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 |

Other currencies: