# Value of 1987 Canadian Dollar today

\$100 in 1987

\$204.54 in 2020

The inflation rate in Canada between 1987 and today has been 104.54%, which translates into a total increase of \$104.54. This means that 100 dollars in 1987 are equivalent to 204.54 dollars in 2020. In other words, the purchasing power of \$100 in 1987 equals \$204.54 today. The average annual inflation rate has been 2.13%.

## Inflation timeline in Canada (1987-2020)

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 (1987-2020) 104.19%
Total Inflation* 104.54%
Annual inflation avg. (1987-2020) 2.19%
Annual inflation avg.* 2.13%
CPI 1987 52.78
CPI 2020 107.77
CPI today* 107.95
\$1 in 1987 \$2.04 in 2020

* 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 33 years between 1987 and 2020 and the average inflation rate has been 2.1269%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = \$100 * (1 + 0.02)33 = \$204.19

#### 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 1987 was 52.78 and the CPI today is 107.95. Therefore,

Final value = Initial value *
CPI final/CPI initial
= \$100 *
107.77/52.78
= \$204.19

### Canada inflation - Conversion table

Initial Value Equivalent value
\$1 dollar in 1987 \$2.05 dollars today
\$5 dollars in 1987 \$10.23 dollars today
\$10 dollars in 1987 \$20.45 dollars today
\$50 dollars in 1987 \$102.27 dollars today
\$100 dollars in 1987 \$204.54 dollars today
\$500 dollars in 1987 \$1,022.68 dollars today
\$1,000 dollars in 1987 \$2,045.36 dollars today
\$5,000 dollars in 1987 \$10,226.8 dollars today
\$10,000 dollars in 1987 \$20,453.6 dollars today
\$50,000 dollars in 1987 \$102,268.02 dollars today
\$100,000 dollars in 1987 \$204,536.03 dollars today
\$500,000 dollars in 1987 \$1,022,680.16 dollars today
\$1,000,000 dollars in 1987 \$2,045,360.33 dollars today

Period Value
1987 100
1988 104.19
1989 108.23
1990 113.92
1991 119.61
1992 124.1
1993 126.8
1994 128.89
1995 129.19
1996 131.44
1997 134.28
1998 135.33
1999 136.68
2000 140.27
2001 144.76
2002 145.81
2003 151.35
2004 154.49
2005 157.78
2006 161.08
2007 163.77
2008 167.66
2009 169.61
2010 171.86
2011 175.9
2012 179.94
2013 181.44
2014 183.68
2015 186.38
2016 189.37
2017 192.22
2018 195.81
2019 199.7
2020 204.19
Today 204.54