$

Value of 1984 Canadian Dollar today

$100 in 1984
$254.91 in 2022

The inflation rate in Canada between 1984 and today has been 154.91%, which translates into a total increase of $154.91. This means that 100 dollars in 1984 are equivalent to 254.91 dollars in 2022. In other words, the purchasing power of $100 in 1984 equals $254.91 today. The average annual inflation rate between these periods has been 2.49%.

Inflation timeline in Canada (1984 - 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 1984-2021 133.77%
Cumulative inflation 1984-today 154.91%
Avg. Annual inflation 1984-2021 2.32%
CPI 1984 47.86
CPI 2021 111.88
CPI 2022-10 (latest official data) 121.52
CPI today 122

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 1984 and 2021, use the corresponding CPI values:

Value2021
=Value1984 ×
CPI2021/CPI1984
=$ 100 ×
111.88/47.86
$233.77

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 122:

Valuetoday
=Value1984 ×
CPItoday/CPI1984
=$ 100 ×
122/47.86
$254.91

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 37 years between 1984 and 2021 and the average inflation rate was 2.3216%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.023216)37
$233.77

Canada inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1984 $2.34 dollars in 2021
$5 dollars in 1984 $11.69 dollars in 2021
$10 dollars in 1984 $23.38 dollars in 2021
$50 dollars in 1984 $116.89 dollars in 2021
$100 dollars in 1984 $233.77 dollars in 2021
$500 dollars in 1984 $1,168.87 dollars in 2021
$1,000 dollars in 1984 $2,337.74 dollars in 2021
$5,000 dollars in 1984 $11,688.68 dollars in 2021
$10,000 dollars in 1984 $23,377.36 dollars in 2021
$50,000 dollars in 1984 $116,886.8 dollars in 2021
$100,000 dollars in 1984 $233,773.61 dollars in 2021
$500,000 dollars in 1984 $1,168,868.05 dollars in 2021
$1,000,000 dollars in 1984 $2,337,736.09 dollars in 2021
Cumulative inflation From 1984 154.91%
Avg. annual inflation From 1984 2.49%
CPI 1984 47.86
CPI today 122

Value of Dollar over time (by year)

Period Value
1984 100
1985 103.96
1986 108.32
1987 113.04
1988 117.6
1989 123.46
1990 129.36
1991 136.64
1992 138.67
1993 141.26
1994 141.49
1995 144.53
1996 146.8
1997 149.18
1998 150.67
1999 153.28
2000 157.45
2001 161.43
2002 165.07
2003 169.62
2004 172.77
2005 176.6
2006 180.13
2007 183.99
2008 188.35
2009 188.91
2010 192.27
2011 197.87
2012 200.87
2013 202.75
2014 206.62
2015 208.94
2016 211.93
2017 215.31
2018 220.2
2019 224.49
2020 226.1
2021 233.77
2022-10 253.9
Today 254.91

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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