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Value of 1963 Canadian Dollar today

$100 in 1963
$954.22 in 2023

The inflation rate in Canada between 1963 and today has been 854.22%, which translates into a total increase of $854.22. This means that 100 dollars in 1963 are equivalent to 954.22 dollars in 2023. In other words, the purchasing power of $100 in 1963 equals $954.22 today. The average annual inflation rate between these periods has been 3.83%.

Inflation timeline in Canada (1963 - 2023)

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 1963-2022 837.93%
Cumulative inflation 1963-today 854.22%
Avg. Annual inflation 1963-2022 3.87%
CPI 1963 12.74
CPI 2022 119.5
CPI 2022-12 (latest official data) 120.96
CPI today 121.57

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 1963 and 2022, use the corresponding CPI values:

Value2022
=Value1963 ×
CPI2022/CPI1963
=$ 100 ×
119.5/12.74
$937.93

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 121.57:

Valuetoday
=Value1963 ×
CPItoday/CPI1963
=$ 100 ×
121.57/12.74
$954.22

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 1963 and 2022 and the average inflation rate was 3.867%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=$100 × (1 + 0.03867)59
$937.93

Canada inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1963 $9.38 dollars in 2022
$5 dollars in 1963 $46.9 dollars in 2022
$10 dollars in 1963 $93.79 dollars in 2022
$50 dollars in 1963 $468.97 dollars in 2022
$100 dollars in 1963 $937.93 dollars in 2022
$500 dollars in 1963 $4,689.67 dollars in 2022
$1,000 dollars in 1963 $9,379.33 dollars in 2022
$5,000 dollars in 1963 $46,896.66 dollars in 2022
$10,000 dollars in 1963 $93,793.33 dollars in 2022
$50,000 dollars in 1963 $468,966.64 dollars in 2022
$100,000 dollars in 1963 $937,933.27 dollars in 2022
$500,000 dollars in 1963 $4,689,666.35 dollars in 2022
$1,000,000 dollars in 1963 $9,379,332.7 dollars in 2022
Cumulative inflation From 1963 854.22%
Avg. annual inflation From 1963 3.83%
CPI 1963 12.74
CPI today 121.57

Value of Dollar over time (by year)

Period Value
1963 100
1964 101.91
1965 104.29
1966 108.27
1967 112.14
1968 116.69
1969 122.02
1970 126.1
1971 129.51
1972 135.97
1973 146.15
1974 162.22
1975 179.53
1976 193.07
1977 208.48
1978 227.18
1979 247.96
1980 273.07
1981 307.13
1982 340.21
1983 360.16
1984 375.66
1985 390.54
1986 406.93
1987 424.65
1988 441.76
1989 463.77
1990 485.94
1991 513.28
1992 520.93
1993 530.65
1994 531.52
1995 542.95
1996 551.47
1997 560.41
1998 565.99
1999 575.81
2000 591.47
2001 606.41
2002 620.1
2003 637.21
2004 649.04
2005 663.41
2006 676.69
2007 691.16
2008 707.55
2009 709.66
2010 722.27
2011 743.31
2012 754.57
2013 761.65
2014 776.18
2015 784.91
2016 796.12
2017 808.84
2018 827.18
2019 843.31
2020 849.35
2021 878.19
2022 937.93
2022-12 949.46
Today 954.22

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 | 2022 |

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