# Value of 1963 Canadian Dollar today

\$100 in 1963

\$853.99 in 2020

The inflation rate in Canada between 1963 and today has been 753.99%, which translates into a total increase of \$753.99. This means that 100 dollars in 1963 are equivalent to 853.99 dollars in 2020. In other words, the purchasing power of \$100 in 1963 equals \$853.99 today. The average annual inflation rate has been 3.77%.

## Inflation timeline in Canada (1963-2020)

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 (1963-2020) 752.5%
Total Inflation* 753.99%
Annual inflation avg. (1963-2020) 3.83%
Annual inflation avg.* 3.77%
CPI 1963 12.64
CPI 2020 107.77
CPI today* 107.96
\$1 in 1963 \$8.53 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 57 years between 1963 and 2020 and the average inflation rate has been 3.7671%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = \$100 * (1 + 0.04)57 = \$852.5

#### 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 1963 was 12.64 and the CPI today is 107.96. Therefore,

Final value = Initial value *
CPI final/CPI initial
= \$100 *
107.77/12.64
= \$852.5

### Canada inflation - Conversion table

Initial Value Equivalent value
\$1 dollar in 1963 \$8.54 dollars today
\$5 dollars in 1963 \$42.7 dollars today
\$10 dollars in 1963 \$85.4 dollars today
\$50 dollars in 1963 \$427 dollars today
\$100 dollars in 1963 \$853.99 dollars today
\$500 dollars in 1963 \$4,269.96 dollars today
\$1,000 dollars in 1963 \$8,539.91 dollars today
\$5,000 dollars in 1963 \$42,699.56 dollars today
\$10,000 dollars in 1963 \$85,399.11 dollars today
\$50,000 dollars in 1963 \$426,995.57 dollars today
\$100,000 dollars in 1963 \$853,991.14 dollars today
\$500,000 dollars in 1963 \$4,269,955.71 dollars today
\$1,000,000 dollars in 1963 \$8,539,911.42 dollars today

Period Value
1963 100
1964 101.88
1965 103.75
1966 106.88
1967 110.62
1968 115
1969 120
1970 125.63
1971 126.88
1972 133.12
1973 140
1974 153.13
1975 172.5
1976 188.75
1977 199.37
1978 218.12
1979 236.87
1980 260
1981 288.75
1982 323.75
1983 353.75
1984 370
1985 383.75
1986 400.62
1987 417.5
1988 435
1989 451.88
1990 475.63
1991 499.37
1992 518.12
1993 529.38
1994 538.12
1995 539.37
1996 548.75
1997 560.62
1998 565
1999 570.62
2000 585.62
2001 604.37
2002 608.75
2003 631.87
2004 645
2005 658.75
2006 672.5
2007 683.75
2008 700
2009 708.12
2010 717.5
2011 734.37
2012 751.25
2013 757.5
2014 766.87
2015 778.12
2016 790.62
2017 802.5
2018 817.5
2019 833.75
2020 852.5
Today 853.99