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Value of 1972 Canadian Dollar today

$100 in 1972
$686.41 in 2022

The inflation rate in Canada between 1972 and today has been 586.41%, which translates into a total increase of $586.41. This means that 100 dollars in 1972 are equivalent to 686.41 dollars in 2022. In other words, the purchasing power of $100 in 1972 equals $686.41 today. The average annual inflation rate between these periods has been 3.93%.

Inflation timeline in Canada (1972 - 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 1972-2021 545.88%
Cumulative inflation 1972-today 586.41%
Avg. Annual inflation 1972-2021 3.88%
CPI 1972 17.32
CPI 2021 111.88
CPI 2022-04 (latest official data) 118.36
CPI today 118.91

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 1972 and 2021, use the corresponding CPI values:

Value2021
=Value1972 ×
CPI2021/CPI1972
=$ 100 ×
111.88/17.32
$645.88

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 118.91:

Valuetoday
=Value1972 ×
CPItoday/CPI1972
=$ 100 ×
118.91/17.32
$686.41

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 49 years between 1972 and 2021 and the average inflation rate was 3.8804%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.038804)49
$645.88

Canada inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1972 $6.46 dollars in 2021
$5 dollars in 1972 $32.29 dollars in 2021
$10 dollars in 1972 $64.59 dollars in 2021
$50 dollars in 1972 $322.94 dollars in 2021
$100 dollars in 1972 $645.88 dollars in 2021
$500 dollars in 1972 $3,229.38 dollars in 2021
$1,000 dollars in 1972 $6,458.76 dollars in 2021
$5,000 dollars in 1972 $32,293.8 dollars in 2021
$10,000 dollars in 1972 $64,587.61 dollars in 2021
$50,000 dollars in 1972 $322,938.03 dollars in 2021
$100,000 dollars in 1972 $645,876.06 dollars in 2021
$500,000 dollars in 1972 $3,229,380.32 dollars in 2021
$1,000,000 dollars in 1972 $6,458,760.63 dollars in 2021
Cumulative inflation From 1972 586.41%
Avg. annual inflation From 1972 3.93%
CPI 1972 17.32
CPI today 118.91

Value of Dollar over time (by year)

Period Value
1972 100
1973 107.49
1974 119.31
1975 132.04
1976 142
1977 153.33
1978 167.08
1979 182.36
1980 200.84
1981 225.88
1982 250.21
1983 264.88
1984 276.28
1985 287.23
1986 299.28
1987 312.31
1988 324.9
1989 341.09
1990 357.39
1991 377.5
1992 383.12
1993 390.27
1994 390.92
1995 399.32
1996 405.59
1997 412.16
1998 416.27
1999 423.49
2000 435.01
2001 445.99
2002 456.06
2003 468.64
2004 477.35
2005 487.91
2006 497.68
2007 508.32
2008 520.37
2009 521.93
2010 531.2
2011 546.67
2012 554.96
2013 560.17
2014 570.85
2015 577.27
2016 585.52
2017 594.87
2018 608.36
2019 620.22
2020 624.67
2021 645.88
2022-04 683.24
Today 686.41

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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