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Value of 1980 Canadian Dollar today

$100 in 1980
$348.29 in 2022

The inflation rate in Canada between 1980 and today has been 248.29%, which translates into a total increase of $248.29. This means that 100 dollars in 1980 are equivalent to 348.29 dollars in 2022. In other words, the purchasing power of $100 in 1980 equals $348.29 today. The average annual inflation rate between these periods has been 3.02%.

Inflation timeline in Canada (1980 - 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 1980-2021 221.59%
Cumulative inflation 1980-today 248.29%
Avg. Annual inflation 1980-2021 2.89%
CPI 1980 34.79
CPI 2021 111.88
CPI 2022-08 (latest official data) 120.57
CPI today 121.17

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 1980 and 2021, use the corresponding CPI values:

Value2021
=Value1980 ×
CPI2021/CPI1980
=$ 100 ×
111.88/34.79
$321.59

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 121.17:

Valuetoday
=Value1980 ×
CPItoday/CPI1980
=$ 100 ×
121.17/34.79
$348.29

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 41 years between 1980 and 2021 and the average inflation rate was 2.89%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.0289)41
$321.59

Canada inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1980 $3.22 dollars in 2021
$5 dollars in 1980 $16.08 dollars in 2021
$10 dollars in 1980 $32.16 dollars in 2021
$50 dollars in 1980 $160.8 dollars in 2021
$100 dollars in 1980 $321.59 dollars in 2021
$500 dollars in 1980 $1,607.97 dollars in 2021
$1,000 dollars in 1980 $3,215.94 dollars in 2021
$5,000 dollars in 1980 $16,079.68 dollars in 2021
$10,000 dollars in 1980 $32,159.36 dollars in 2021
$50,000 dollars in 1980 $160,796.79 dollars in 2021
$100,000 dollars in 1980 $321,593.58 dollars in 2021
$500,000 dollars in 1980 $1,607,967.89 dollars in 2021
$1,000,000 dollars in 1980 $3,215,935.79 dollars in 2021
Cumulative inflation From 1980 248.29%
Avg. annual inflation From 1980 3.02%
CPI 1980 34.79
CPI today 121.17

Value of Dollar over time (by year)

Period Value
1980 100
1981 112.47
1982 124.58
1983 131.89
1984 137.57
1985 143.02
1986 149.02
1987 155.51
1988 161.77
1989 169.83
1990 177.95
1991 187.96
1992 190.76
1993 194.32
1994 194.64
1995 198.83
1996 201.95
1997 205.22
1998 207.27
1999 210.86
2000 216.6
2001 222.07
2002 227.08
2003 233.35
2004 237.68
2005 242.94
2006 247.8
2007 253.1
2008 259.1
2009 259.88
2010 264.5
2011 272.2
2012 276.32
2013 278.92
2014 284.24
2015 287.43
2016 291.54
2017 296.2
2018 302.91
2019 308.82
2020 311.03
2021 321.59
2022-08 346.56
Today 348.29

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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