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Value of 1965 Canadian Dollar today

$100 in 1965
$958.03 in 2024

The inflation rate in Canada between 1965 and today has been 858.03%, which translates into a total increase of $858.03. This means that 100 dollars in 1965 are equivalent to 958.03 dollars in 2024. In other words, the purchasing power of $100 in 1965 equals $958.03 today. The average annual inflation rate between these periods has been 3.9%.

Inflation timeline in Canada (1965 - 2024)

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 1965-2023 834.24%
Cumulative inflation 1965-today 858.03%
Avg. Annual inflation 1965-2023 3.93%
CPI 1965 13.29
CPI 2023 124.13
CPI 2024-04 (latest official data) 126.89
CPI today 127.29

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 1965 and 2023, use the corresponding CPI values:

Value2023
=Value1965 ×
CPI2023/CPI1965
=$ 100 ×
124.13/13.29
$934.24

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 127.29:

Valuetoday
=Value1965 ×
CPItoday/CPI1965
=$ 100 ×
127.29/13.29
$958.03

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 58 years between 1965 and 2023 and the average inflation rate was 3.9279%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=$100 × (1 + 0.039279)58
$934.24

Canada inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1965 $9.34 dollars in 2023
$5 dollars in 1965 $46.71 dollars in 2023
$10 dollars in 1965 $93.42 dollars in 2023
$50 dollars in 1965 $467.12 dollars in 2023
$100 dollars in 1965 $934.24 dollars in 2023
$500 dollars in 1965 $4,671.21 dollars in 2023
$1,000 dollars in 1965 $9,342.42 dollars in 2023
$5,000 dollars in 1965 $46,712.08 dollars in 2023
$10,000 dollars in 1965 $93,424.16 dollars in 2023
$50,000 dollars in 1965 $467,120.78 dollars in 2023
$100,000 dollars in 1965 $934,241.55 dollars in 2023
$500,000 dollars in 1965 $4,671,207.76 dollars in 2023
$1,000,000 dollars in 1965 $9,342,415.52 dollars in 2023
Cumulative inflation From 1965 858.03%
Avg. annual inflation From 1965 3.9%
CPI 1965 13.29
CPI today 127.29

Value of Dollar over time (by year)

Period Value
1965 100
1966 103.82
1967 107.53
1968 111.89
1969 117
1970 120.91
1971 124.18
1972 130.38
1973 140.14
1974 155.55
1975 172.15
1976 185.13
1977 199.9
1978 217.84
1979 237.76
1980 261.84
1981 294.5
1982 326.21
1983 345.34
1984 360.21
1985 374.48
1986 390.19
1987 407.19
1988 423.59
1989 444.7
1990 465.96
1991 492.17
1992 499.5
1993 508.82
1994 509.66
1995 520.61
1996 528.79
1997 537.36
1998 542.72
1999 552.13
2000 567.15
2001 581.47
2002 594.6
2003 611
2004 622.35
2005 636.12
2006 648.86
2007 662.74
2008 678.44
2009 680.48
2010 692.57
2011 712.74
2012 723.54
2013 730.33
2014 744.25
2015 752.63
2016 763.38
2017 775.57
2018 793.16
2019 808.62
2020 814.42
2021 842.07
2022 899.36
2023 934.24
2024-04 955
Today 958.03

All available years

Today's value of canadian dollar by year:

1914 | 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 | 2023 |

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