$

Value of 1983 Canadian Dollar today

$100 in 1983
$261 in 2022

The inflation rate in Canada between 1983 and today has been 161%, which translates into a total increase of $161. This means that 100 dollars in 1983 are equivalent to 261 dollars in 2022. In other words, the purchasing power of $100 in 1983 equals $261 today. The average annual inflation rate between these periods has been 2.49%.

Inflation timeline in Canada (1983 - 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 1983-2021 143.84%
Cumulative inflation 1983-today 161%
Avg. Annual inflation 1983-2021 2.37%
CPI 1983 45.88
CPI 2021 111.88
CPI 2022-04 (latest official data) 118.36
CPI today 119.76

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 1983 and 2021, use the corresponding CPI values:

Value2021
=Value1983 ×
CPI2021/CPI1983
=$ 100 ×
111.88/45.88
$243.84

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 119.76:

Valuetoday
=Value1983 ×
CPItoday/CPI1983
=$ 100 ×
119.76/45.88
$261

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 38 years between 1983 and 2021 and the average inflation rate was 2.3733%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.023733)38
$243.84

Canada inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1983 $2.44 dollars in 2021
$5 dollars in 1983 $12.19 dollars in 2021
$10 dollars in 1983 $24.38 dollars in 2021
$50 dollars in 1983 $121.92 dollars in 2021
$100 dollars in 1983 $243.84 dollars in 2021
$500 dollars in 1983 $1,219.19 dollars in 2021
$1,000 dollars in 1983 $2,438.37 dollars in 2021
$5,000 dollars in 1983 $12,191.85 dollars in 2021
$10,000 dollars in 1983 $24,383.7 dollars in 2021
$50,000 dollars in 1983 $121,918.51 dollars in 2021
$100,000 dollars in 1983 $243,837.03 dollars in 2021
$500,000 dollars in 1983 $1,219,185.13 dollars in 2021
$1,000,000 dollars in 1983 $2,438,370.26 dollars in 2021
Cumulative inflation From 1983 161%
Avg. annual inflation From 1983 2.49%
CPI 1983 45.88
CPI today 119.76

Value of Dollar over time (by year)

Period Value
1983 100
1984 104.3
1985 108.44
1986 112.99
1987 117.91
1988 122.66
1989 128.77
1990 134.93
1991 142.52
1992 144.64
1993 147.34
1994 147.58
1995 150.75
1996 153.12
1997 155.6
1998 157.15
1999 159.88
2000 164.23
2001 168.37
2002 172.18
2003 176.93
2004 180.21
2005 184.2
2006 187.89
2007 191.91
2008 196.46
2009 197.04
2010 200.55
2011 206.39
2012 209.51
2013 211.48
2014 215.51
2015 217.94
2016 221.05
2017 224.58
2018 229.67
2019 234.15
2020 235.83
2021 243.84
2022-04 257.94
Today 261

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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