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Value of 1962 Canadian Dollar today

$100 in 1962
$973.16 in 2022

The inflation rate in Canada between 1962 and today has been 873.16%, which translates into a total increase of $873.16. This means that 100 dollars in 1962 are equivalent to 973.16 dollars in 2022. In other words, the purchasing power of $100 in 1962 equals $973.16 today. The average annual inflation rate between these periods has been 3.87%.

Inflation timeline in Canada (1962 - 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 1962-2021 792.49%
Cumulative inflation 1962-today 873.16%
Avg. Annual inflation 1962-2021 3.78%
CPI 1962 12.54
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 1962 and 2021, use the corresponding CPI values:

Value2021
=Value1962 ×
CPI2021/CPI1962
=$ 100 ×
111.88/12.54
$892.49

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

Valuetoday
=Value1962 ×
CPItoday/CPI1962
=$ 100 ×
122/12.54
$973.16

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 59 years between 1962 and 2021 and the average inflation rate was 3.7796%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.037796)59
$892.49

Canada inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1962 $8.92 dollars in 2021
$5 dollars in 1962 $44.62 dollars in 2021
$10 dollars in 1962 $89.25 dollars in 2021
$50 dollars in 1962 $446.24 dollars in 2021
$100 dollars in 1962 $892.49 dollars in 2021
$500 dollars in 1962 $4,462.45 dollars in 2021
$1,000 dollars in 1962 $8,924.9 dollars in 2021
$5,000 dollars in 1962 $44,624.49 dollars in 2021
$10,000 dollars in 1962 $89,248.98 dollars in 2021
$50,000 dollars in 1962 $446,244.92 dollars in 2021
$100,000 dollars in 1962 $892,489.84 dollars in 2021
$500,000 dollars in 1962 $4,462,449.18 dollars in 2021
$1,000,000 dollars in 1962 $8,924,898.35 dollars in 2021
Cumulative inflation From 1962 873.16%
Avg. annual inflation From 1962 3.87%
CPI 1962 12.54
CPI today 122

Value of Dollar over time (by year)

Period Value
1962 100
1963 101.63
1964 103.57
1965 105.99
1966 110.03
1967 113.97
1968 118.59
1969 124
1970 128.15
1971 131.62
1972 138.18
1973 148.53
1974 164.86
1975 182.46
1976 196.22
1977 211.87
1978 230.88
1979 252
1980 277.52
1981 312.13
1982 345.75
1983 366.02
1984 381.78
1985 396.9
1986 413.55
1987 431.57
1988 448.95
1989 471.32
1990 493.86
1991 521.64
1992 529.41
1993 539.29
1994 540.18
1995 551.79
1996 560.45
1997 569.54
1998 575.21
1999 585.19
2000 601.1
2001 616.28
2002 630.2
2003 647.58
2004 659.61
2005 674.21
2006 687.71
2007 702.42
2008 719.07
2009 721.22
2010 734.03
2011 755.41
2012 766.86
2013 774.05
2014 788.81
2015 797.69
2016 809.09
2017 822.01
2018 840.65
2019 857.04
2020 863.18
2021 892.49
2022-10 969.33
Today 973.16

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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