Value of 1983 Canadian Dollar today

$100 in 1983

$236.93 in 2018

The inflation rate in Canada between 1983 and today has been 136.93%, which translates into a total increase of $136.93. This means that 100 dollars in 1983 are equivalent to 236.93 dollars in 2018. In other words, the purchasing power of $100 in 1983 equals $236.93 today. The average annual inflation rate has been 2.43%.

Inflation timeline in Canada (1983-2018)

The following chart ilustrates the equivalence of $100 throughout the years due to inflation and CPI changes. All values are equivalent in terms of purchashing 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 (1983-2018) 131.1%
Total Inflation* 136.93%
Annual inflation avg. (1983-2018) 2.42%
Annual inflation avg.* 2.43%
CPI 1983 44.72
CPI 2018 103.34
CPI today* 105.95
$1 in 1983 $2.31 in 2018

* 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 in 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 35 years between 1983 and 2018 and the average inflation rate has been 2.425%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $100 * (1 + 0.02)35 = $231.1

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 1983 was 44.72 and the CPI today is 105.95. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $100 *
103.34/44.72
= $231.1

Canada inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1983 $2.37 dollars today
$5 dollars in 1983 $11.85 dollars today
$10 dollars in 1983 $23.69 dollars today
$50 dollars in 1983 $118.46 dollars today
$100 dollars in 1983 $236.93 dollars today
$500 dollars in 1983 $1,184.64 dollars today
$1,000 dollars in 1983 $2,369.28 dollars today
$5,000 dollars in 1983 $11,846.41 dollars today
$10,000 dollars in 1983 $23,692.82 dollars today
$50,000 dollars in 1983 $118,464.1 dollars today
$100,000 dollars in 1983 $236,928.19 dollars today
$500,000 dollars in 1983 $1,184,640.97 dollars today
$1,000,000 dollars in 1983 $2,369,281.94 dollars today

Value of Dollar in time (by year)

Period Value
1983 100
1984 104.59
1985 108.48
1986 113.25
1987 118.02
1988 122.97
1989 127.74
1990 134.45
1991 141.17
1992 146.47
1993 149.65
1994 152.12
1995 152.47
1996 155.12
1997 158.48
1998 159.72
1999 161.31
2000 165.55
2001 170.85
2002 172.08
2003 178.62
2004 182.33
2005 186.22
2006 190.11
2007 193.29
2008 197.88
2009 200.18
2010 202.83
2011 207.6
2012 212.37
2013 214.13
2014 216.78
2015 219.96
2016 223.5
2017 226.86
2018 231.1
Today 236.93