# Value of 1980 Canadian Dollar today

\$100 in 1980

\$330.44 in 2021

The inflation rate in Canada between 1980 and today has been 230.44%, which translates into a total increase of \$230.44. This means that 100 dollars in 1980 are equivalent to 330.44 dollars in 2021. In other words, the purchasing power of \$100 in 1980 equals \$330.44 today. The average annual inflation rate has been 2.89%.

## Inflation timeline in Canada (1980-2021)

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 (1980-2021) 230.29%
Total Inflation* 230.44%
Annual inflation avg. (1980-2021) 2.96%
Annual inflation avg.* 2.89%
CPI 1980 32.87
CPI 2021 108.56
CPI today* 108.61
\$1 in 1980 \$3.3 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 41 years between 1980 and 2021 and the average inflation rate has been 2.8868%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = \$100 * (1 + 0.03)41 = \$330.29

#### 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 1980 was 32.87 and the CPI today is 108.61. Therefore,

Final value = Initial value *
CPI final/CPI initial
= \$100 *
108.56/32.87
= \$330.29

### Canada inflation - Conversion table

Initial Value Equivalent value
\$1 dollar in 1980 \$3.3 dollars today
\$5 dollars in 1980 \$16.52 dollars today
\$10 dollars in 1980 \$33.04 dollars today
\$50 dollars in 1980 \$165.22 dollars today
\$100 dollars in 1980 \$330.44 dollars today
\$500 dollars in 1980 \$1,652.22 dollars today
\$1,000 dollars in 1980 \$3,304.43 dollars today
\$5,000 dollars in 1980 \$16,522.16 dollars today
\$10,000 dollars in 1980 \$33,044.32 dollars today
\$50,000 dollars in 1980 \$165,221.62 dollars today
\$100,000 dollars in 1980 \$330,443.24 dollars today
\$500,000 dollars in 1980 \$1,652,216.19 dollars today
\$1,000,000 dollars in 1980 \$3,304,432.38 dollars today

Period Value
1980 100
1981 111.06
1982 124.52
1983 136.06
1984 142.31
1985 147.6
1986 154.09
1987 160.58
1988 167.31
1989 173.8
1990 182.93
1991 192.07
1992 199.28
1993 203.61
1994 206.97
1995 207.45
1996 211.06
1997 215.63
1998 217.31
1999 219.47
2000 225.24
2001 232.45
2002 234.13
2003 243.03
2004 248.08
2005 253.37
2006 258.65
2007 262.98
2008 269.23
2009 272.36
2010 275.96
2011 282.45
2012 288.94
2013 291.35
2014 294.95
2015 299.28
2016 304.09
2017 308.65
2018 314.42
2019 320.67
2020 327.88
2021 330.29
Today 330.44