# Value of 1964 Canadian Dollar today

\$100 in 1964

\$819.35 today

The inflation rate in Canada between 1964 and today has been 719.35%, which translates into a total increase of \$719.35. This means that 100 dollars in 1964 are equivalent to 819.35 dollars in 2019. In other words, the purchasing power of \$100 in 1964 equals \$819.35 today. The average annual inflation rate has been 3.83%.

## Inflation timeline in Canada (1964-2020)

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 (1964-2019) 718.4%
Total Inflation* 719.35%
Annual inflation avg. (1964-2019) 3.9%
Annual inflation avg.* 3.83%
CPI 1964 12.88
CPI 2019 105.4
CPI today* 105.52
\$1 in 1964 \$8.18 in 2019

* 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 55 years between 1964 and 2019 and the average inflation rate has been 3.8274%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = \$100 * (1 + 0.04)55 = \$818.4

#### 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 1964 was 12.88 and the CPI today is 105.52. Therefore,

Final value = Initial value *
CPI final/CPI initial
= \$100 *
105.4/12.88
= \$818.4

### Canada inflation - Conversion table

Initial Value Equivalent value
\$1 dollar in 1964 \$8.19 dollars today
\$5 dollars in 1964 \$40.97 dollars today
\$10 dollars in 1964 \$81.94 dollars today
\$50 dollars in 1964 \$409.68 dollars today
\$100 dollars in 1964 \$819.35 dollars today
\$500 dollars in 1964 \$4,096.77 dollars today
\$1,000 dollars in 1964 \$8,193.54 dollars today
\$5,000 dollars in 1964 \$40,967.69 dollars today
\$10,000 dollars in 1964 \$81,935.38 dollars today
\$50,000 dollars in 1964 \$409,676.9 dollars today
\$100,000 dollars in 1964 \$819,353.8 dollars today
\$500,000 dollars in 1964 \$4,096,768.99 dollars today
\$1,000,000 dollars in 1964 \$8,193,537.98 dollars today

Period Value
1964 100
1965 101.84
1966 104.91
1967 108.59
1968 112.88
1969 117.79
1970 123.31
1971 124.54
1972 130.67
1973 137.42
1974 150.31
1975 169.33
1976 185.28
1977 195.71
1978 214.11
1979 232.52
1980 255.21
1981 283.44
1982 317.79
1983 347.24
1984 363.19
1985 376.69
1986 393.25
1987 409.82
1988 426.99
1989 443.56
1990 466.87
1991 490.18
1992 508.59
1993 519.63
1994 528.22
1995 529.45
1996 538.65
1997 550.31
1998 554.6
1999 560.12
2000 574.85
2001 593.25
2002 597.55
2003 620.25
2004 633.13
2005 646.63
2006 660.12
2007 671.17
2008 687.12
2009 695.09
2010 704.29
2011 720.86
2012 737.42
2013 743.56
2014 752.76
2015 763.8
2016 776.07
2017 787.73
2018 802.45
2019 818.4
Today 819.35