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Value of 1964 Canadian Dollar today

$100 in 1964
$933.42 in 2022

The inflation rate in Canada between 1964 and today has been 833.42%, which translates into a total increase of $833.42. This means that 100 dollars in 1964 are equivalent to 933.42 dollars in 2022. In other words, the purchasing power of $100 in 1964 equals $933.42 today. The average annual inflation rate between these periods has been 3.93%.

Inflation timeline in Canada (1964 - 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 1964-2021 761.71%
Cumulative inflation 1964-today 833.42%
Avg. Annual inflation 1964-2021 3.85%
CPI 1964 12.98
CPI 2021 111.88
CPI 2022-08 (latest official data) 120.57
CPI today 121.19

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 1964 and 2021, use the corresponding CPI values:

Value2021
=Value1964 ×
CPI2021/CPI1964
=$ 100 ×
111.88/12.98
$861.71

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 121.19:

Valuetoday
=Value1964 ×
CPItoday/CPI1964
=$ 100 ×
121.19/12.98
$933.42

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 57 years between 1964 and 2021 and the average inflation rate was 3.8508%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.038508)57
$861.71

Canada inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1964 $8.62 dollars in 2021
$5 dollars in 1964 $43.09 dollars in 2021
$10 dollars in 1964 $86.17 dollars in 2021
$50 dollars in 1964 $430.86 dollars in 2021
$100 dollars in 1964 $861.71 dollars in 2021
$500 dollars in 1964 $4,308.57 dollars in 2021
$1,000 dollars in 1964 $8,617.14 dollars in 2021
$5,000 dollars in 1964 $43,085.72 dollars in 2021
$10,000 dollars in 1964 $86,171.44 dollars in 2021
$50,000 dollars in 1964 $430,857.22 dollars in 2021
$100,000 dollars in 1964 $861,714.44 dollars in 2021
$500,000 dollars in 1964 $4,308,572.21 dollars in 2021
$1,000,000 dollars in 1964 $8,617,144.42 dollars in 2021
Cumulative inflation From 1964 833.42%
Avg. annual inflation From 1964 3.93%
CPI 1964 12.98
CPI today 121.19

Value of Dollar over time (by year)

Period Value
1964 100
1965 102.33
1966 106.24
1967 110.04
1968 114.5
1969 119.73
1970 123.73
1971 127.08
1972 133.42
1973 143.41
1974 159.18
1975 176.17
1976 189.45
1977 204.56
1978 222.92
1979 243.31
1980 267.95
1981 301.37
1982 333.82
1983 353.4
1984 368.61
1985 383.22
1986 399.29
1987 416.68
1988 433.47
1989 455.07
1990 476.83
1991 503.65
1992 511.16
1993 520.69
1994 521.55
1995 532.76
1996 541.13
1997 549.9
1998 555.38
1999 565.01
2000 580.38
2001 595.03
2002 608.47
2003 625.25
2004 636.87
2005 650.96
2006 664
2007 678.19
2008 694.27
2009 696.35
2010 708.72
2011 729.36
2012 740.42
2013 747.36
2014 761.61
2015 770.18
2016 781.19
2017 793.66
2018 811.66
2019 827.49
2020 833.42
2021 861.71
2022-08 928.6
Today 933.42

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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