# Value of 1977 Canadian Dollar today

\$100 in 1977

\$430.92 in 2021

The inflation rate in Canada between 1977 and today has been 330.92%, which translates into a total increase of \$330.92. This means that 100 dollars in 1977 are equivalent to 430.92 dollars in 2021. In other words, the purchasing power of \$100 in 1977 equals \$430.92 today. The average annual inflation rate has been 3.3%.

## Inflation timeline in Canada (1977-2021)

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 (1977-2021) 330.72%
Total Inflation* 330.92%
Annual inflation avg. (1977-2021) 3.37%
Annual inflation avg.* 3.3%
CPI 1977 25.2
CPI 2021 108.56
CPI today* 108.61
\$1 in 1977 \$4.31 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 44 years between 1977 and 2021 and the average inflation rate has been 3.2994%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = \$100 * (1 + 0.03)44 = \$430.72

#### 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 1977 was 25.2 and the CPI today is 108.61. Therefore,

Final value = Initial value *
CPI final/CPI initial
= \$100 *
108.56/25.2
= \$430.72

### Canada inflation - Conversion table

Initial Value Equivalent value
\$1 dollar in 1977 \$4.31 dollars today
\$5 dollars in 1977 \$21.55 dollars today
\$10 dollars in 1977 \$43.09 dollars today
\$50 dollars in 1977 \$215.46 dollars today
\$100 dollars in 1977 \$430.92 dollars today
\$500 dollars in 1977 \$2,154.61 dollars today
\$1,000 dollars in 1977 \$4,309.23 dollars today
\$5,000 dollars in 1977 \$21,546.14 dollars today
\$10,000 dollars in 1977 \$43,092.28 dollars today
\$50,000 dollars in 1977 \$215,461.38 dollars today
\$100,000 dollars in 1977 \$430,922.77 dollars today
\$500,000 dollars in 1977 \$2,154,613.84 dollars today
\$1,000,000 dollars in 1977 \$4,309,227.69 dollars today

Period Value
1977 100
1978 109.4
1979 118.81
1980 130.41
1981 144.83
1982 162.38
1983 177.43
1984 185.58
1985 192.48
1986 200.94
1987 209.4
1988 218.18
1989 226.65
1990 238.56
1991 250.47
1992 259.87
1993 265.52
1994 269.91
1995 270.53
1996 275.24
1997 281.19
1998 283.39
1999 286.21
2000 293.73
2001 303.13
2002 305.33
2003 316.93
2004 323.51
2005 330.41
2006 337.3
2007 342.95
2008 351.1
2009 355.17
2010 359.87
2011 368.34
2012 376.8
2013 379.94
2014 384.64
2015 390.28
2016 396.55
2017 402.51
2018 410.03
2019 418.18
2020 427.59
2021 430.72
Today 430.92