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Value of 1973 Canadian Dollar today

$100 in 1973
$674.09 in 2024

The inflation rate in Canada between 1973 and today has been 574.09%, which translates into a total increase of $574.09. This means that 100 dollars in 1973 are equivalent to 674.09 dollars in 2024. In other words, the purchasing power of $100 in 1973 equals $674.09 today. The average annual inflation rate between these periods has been 3.81%.

Inflation timeline in Canada (1973 - 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 1973-2023 566.66%
Cumulative inflation 1973-today 574.09%
Avg. Annual inflation 1973-2023 3.87%
CPI 1973 18.62
CPI 2023 124.13
CPI 2023-12 (latest official data) 125.07
CPI today 125.51

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 1973 and 2023, use the corresponding CPI values:

Value2023
=Value1973 ×
CPI2023/CPI1973
=$ 100 ×
124.13/18.62
$666.66

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 125.51:

Valuetoday
=Value1973 ×
CPItoday/CPI1973
=$ 100 ×
125.51/18.62
$674.09

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 50 years between 1973 and 2023 and the average inflation rate was 3.8671%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=$100 × (1 + 0.038671)50
$666.66

Canada inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1973 $6.67 dollars in 2023
$5 dollars in 1973 $33.33 dollars in 2023
$10 dollars in 1973 $66.67 dollars in 2023
$50 dollars in 1973 $333.33 dollars in 2023
$100 dollars in 1973 $666.66 dollars in 2023
$500 dollars in 1973 $3,333.28 dollars in 2023
$1,000 dollars in 1973 $6,666.55 dollars in 2023
$5,000 dollars in 1973 $33,332.75 dollars in 2023
$10,000 dollars in 1973 $66,665.5 dollars in 2023
$50,000 dollars in 1973 $333,327.52 dollars in 2023
$100,000 dollars in 1973 $666,655.03 dollars in 2023
$500,000 dollars in 1973 $3,333,275.15 dollars in 2023
$1,000,000 dollars in 1973 $6,666,550.3 dollars in 2023
Cumulative inflation From 1973 574.09%
Avg. annual inflation From 1973 3.81%
CPI 1973 18.62
CPI today 125.51

Value of Dollar over time (by year)

Period Value
1973 100
1974 111
1975 122.84
1976 132.11
1977 142.64
1978 155.45
1979 169.66
1980 186.85
1981 210.15
1982 232.78
1983 246.43
1984 257.04
1985 267.22
1986 278.43
1987 290.56
1988 302.26
1989 317.33
1990 332.5
1991 351.2
1992 356.44
1993 363.08
1994 363.68
1995 371.5
1996 377.33
1997 383.45
1998 387.27
1999 393.99
2000 404.7
2001 414.92
2002 424.29
2003 436
2004 444.09
2005 453.93
2006 463.01
2007 472.91
2008 484.12
2009 485.57
2010 494.2
2011 508.59
2012 516.3
2013 521.15
2014 531.08
2015 537.06
2016 544.73
2017 553.43
2018 565.98
2019 577.02
2020 581.15
2021 600.88
2022 641.76
2023 666.66
2023-12 671.71
Today 674.09

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 | 2022 | 2023 |

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