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Value of 1961 Canadian Dollar today

$100 in 1961
$983.5 in 2022

The inflation rate in Canada between 1961 and today has been 883.5%, which translates into a total increase of $883.5. This means that 100 dollars in 1961 are equivalent to 983.5 dollars in 2022. In other words, the purchasing power of $100 in 1961 equals $983.5 today. The average annual inflation rate between these periods has been 3.82%.

Inflation timeline in Canada (1961 - 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 1961-2021 801.96%
Cumulative inflation 1961-today 883.5%
Avg. Annual inflation 1961-2021 3.73%
CPI 1961 12.4
CPI 2021 111.88
CPI 2022-10 (latest official data) 121.52
CPI today 122

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 1961 and 2021, use the corresponding CPI values:

Value2021
=Value1961 ×
CPI2021/CPI1961
=$ 100 ×
111.88/12.4
$901.96

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 122:

Valuetoday
=Value1961 ×
CPItoday/CPI1961
=$ 100 ×
122/12.4
$983.5

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 60 years between 1961 and 2021 and the average inflation rate was 3.7337%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.037337)60
$901.96

Canada inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1961 $9.02 dollars in 2021
$5 dollars in 1961 $45.1 dollars in 2021
$10 dollars in 1961 $90.2 dollars in 2021
$50 dollars in 1961 $450.98 dollars in 2021
$100 dollars in 1961 $901.96 dollars in 2021
$500 dollars in 1961 $4,509.82 dollars in 2021
$1,000 dollars in 1961 $9,019.64 dollars in 2021
$5,000 dollars in 1961 $45,098.2 dollars in 2021
$10,000 dollars in 1961 $90,196.4 dollars in 2021
$50,000 dollars in 1961 $450,982.02 dollars in 2021
$100,000 dollars in 1961 $901,964.04 dollars in 2021
$500,000 dollars in 1961 $4,509,820.2 dollars in 2021
$1,000,000 dollars in 1961 $9,019,640.41 dollars in 2021
Cumulative inflation From 1961 883.5%
Avg. annual inflation From 1961 3.82%
CPI 1961 12.4
CPI today 122

Value of Dollar over time (by year)

Period Value
1961 100
1962 101.06
1963 102.71
1964 104.67
1965 107.11
1966 111.2
1967 115.18
1968 119.85
1969 125.32
1970 129.51
1971 133.01
1972 139.65
1973 150.11
1974 166.61
1975 184.39
1976 198.3
1977 214.12
1978 233.33
1979 254.67
1980 280.47
1981 315.45
1982 349.42
1983 369.9
1984 385.83
1985 401.11
1986 417.94
1987 436.15
1988 453.72
1989 476.33
1990 499.1
1991 527.18
1992 535.03
1993 545.01
1994 545.91
1995 557.64
1996 566.4
1997 575.58
1998 581.32
1999 591.4
2000 607.48
2001 622.82
2002 636.89
2003 654.46
2004 666.61
2005 681.37
2006 695.01
2007 709.87
2008 726.7
2009 728.87
2010 741.83
2011 763.43
2012 775
2013 782.27
2014 797.19
2015 806.16
2016 817.68
2017 830.73
2018 849.58
2019 866.14
2020 872.35
2021 901.96
2022-10 979.62
Today 983.5

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 |

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