# Value of 1965 Canadian Dollar today

\$100 in 1965

\$828.01 in 2021

The inflation rate in Canada between 1965 and today has been 728.01%, which translates into a total increase of \$728.01. This means that 100 dollars in 1965 are equivalent to 828.01 dollars in 2021. In other words, the purchasing power of \$100 in 1965 equals \$828.01 today. The average annual inflation rate has been 3.78%.

## Inflation timeline in Canada (1965-2021)

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 (1965-2021) 727.71%
Total Inflation* 728.01%
Annual inflation avg. (1965-2021) 3.85%
Annual inflation avg.* 3.78%
CPI 1965 13.12
CPI 2021 108.56
CPI today* 108.6
\$1 in 1965 \$8.28 in 2021

* 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 56 years between 1965 and 2021 and the average inflation rate has been 3.7782%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = \$100 * (1 + 0.04)56 = \$827.71

#### 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 1965 was 13.12 and the CPI today is 108.6. Therefore,

Final value = Initial value *
CPI final/CPI initial
= \$100 *
108.56/13.12
= \$827.71

### Canada inflation - Conversion table

Initial Value Equivalent value
\$1 dollar in 1965 \$8.28 dollars today
\$5 dollars in 1965 \$41.4 dollars today
\$10 dollars in 1965 \$82.8 dollars today
\$50 dollars in 1965 \$414.01 dollars today
\$100 dollars in 1965 \$828.01 dollars today
\$500 dollars in 1965 \$4,140.07 dollars today
\$1,000 dollars in 1965 \$8,280.14 dollars today
\$5,000 dollars in 1965 \$41,400.71 dollars today
\$10,000 dollars in 1965 \$82,801.42 dollars today
\$50,000 dollars in 1965 \$414,007.09 dollars today
\$100,000 dollars in 1965 \$828,014.19 dollars today
\$500,000 dollars in 1965 \$4,140,070.95 dollars today
\$1,000,000 dollars in 1965 \$8,280,141.89 dollars today

Period Value
1965 100
1966 103.01
1967 106.63
1968 110.84
1969 115.66
1970 121.08
1971 122.29
1972 128.31
1973 134.94
1974 147.59
1975 166.27
1976 181.93
1977 192.17
1978 210.24
1979 228.31
1980 250.6
1981 278.31
1982 312.05
1983 340.96
1984 356.63
1985 369.88
1986 386.14
1987 402.41
1988 419.28
1989 435.54
1990 458.43
1991 481.33
1992 499.4
1993 510.24
1994 518.67
1995 519.88
1996 528.92
1997 540.36
1998 544.58
1999 550
2000 564.46
2001 582.53
2002 586.75
2003 609.04
2004 621.69
2005 634.94
2006 648.19
2007 659.04
2008 674.7
2009 682.53
2010 691.57
2011 707.83
2012 724.1
2013 730.12
2014 739.16
2015 750
2016 762.05
2017 773.49
2018 787.95
2019 803.61
2020 821.69
2021 827.71
Today 828.01