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Value of 1968 Canadian Dollar today

$100 in 1968
$805.55 in 2022

The inflation rate in Canada between 1968 and today has been 705.55%, which translates into a total increase of $705.55. This means that 100 dollars in 1968 are equivalent to 805.55 dollars in 2022. In other words, the purchasing power of $100 in 1968 equals $805.55 today. The average annual inflation rate between these periods has been 3.94%.

Inflation timeline in Canada (1968 - 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 1968-2021 652.57%
Cumulative inflation 1968-today 705.55%
Avg. Annual inflation 1968-2021 3.88%
CPI 1968 14.87
CPI 2021 111.88
CPI 2022-04 (latest official data) 118.36
CPI today 119.76

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 1968 and 2021, use the corresponding CPI values:

Value2021
=Value1968 ×
CPI2021/CPI1968
=$ 100 ×
111.88/14.87
$752.57

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 119.76:

Valuetoday
=Value1968 ×
CPItoday/CPI1968
=$ 100 ×
119.76/14.87
$805.55

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 53 years between 1968 and 2021 and the average inflation rate was 3.8816%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.038816)53
$752.57

Canada inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1968 $7.53 dollars in 2021
$5 dollars in 1968 $37.63 dollars in 2021
$10 dollars in 1968 $75.26 dollars in 2021
$50 dollars in 1968 $376.28 dollars in 2021
$100 dollars in 1968 $752.57 dollars in 2021
$500 dollars in 1968 $3,762.84 dollars in 2021
$1,000 dollars in 1968 $7,525.69 dollars in 2021
$5,000 dollars in 1968 $37,628.44 dollars in 2021
$10,000 dollars in 1968 $75,256.88 dollars in 2021
$50,000 dollars in 1968 $376,284.39 dollars in 2021
$100,000 dollars in 1968 $752,568.78 dollars in 2021
$500,000 dollars in 1968 $3,762,843.88 dollars in 2021
$1,000,000 dollars in 1968 $7,525,687.76 dollars in 2021
Cumulative inflation From 1968 705.55%
Avg. annual inflation From 1968 3.94%
CPI 1968 14.87
CPI today 119.76

Value of Dollar over time (by year)

Period Value
1968 100
1969 104.56
1970 108.06
1971 110.98
1972 116.52
1973 125.24
1974 139.02
1975 153.85
1976 165.46
1977 178.65
1978 194.69
1979 212.49
1980 234.01
1981 263.2
1982 291.54
1983 308.64
1984 321.92
1985 334.68
1986 348.72
1987 363.91
1988 378.57
1989 397.43
1990 416.43
1991 439.86
1992 446.41
1993 454.74
1994 455.49
1995 465.28
1996 472.59
1997 480.25
1998 485.03
1999 493.45
2000 506.86
2001 519.66
2002 531.4
2003 546.06
2004 556.2
2005 568.51
2006 579.89
2007 592.29
2008 606.33
2009 608.15
2010 618.95
2011 636.98
2012 646.63
2013 652.7
2014 665.15
2015 672.63
2016 682.24
2017 693.14
2018 708.86
2019 722.68
2020 727.86
2021 752.57
2022-04 796.1
Today 805.55

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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