$

Value of 1987 Canadian Dollar today

$100 in 1987
$236.67 in 2024

The inflation rate in Canada between 1987 and today has been 136.67%, which translates into a total increase of $136.67. This means that 100 dollars in 1987 are equivalent to 236.67 dollars in 2024. In other words, the purchasing power of $100 in 1987 equals $236.67 today. The average annual inflation rate between these periods has been 2.36%.

Inflation timeline in Canada (1987 - 2024)

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 1987-2023 129.44%
Cumulative inflation 1987-today 136.67%
Avg. Annual inflation 1987-2023 2.33%
CPI 1987 54.1
CPI 2023 124.13
CPI 2024-05 (latest official data) 127.6
CPI today 128.04

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 1987 and 2023, use the corresponding CPI values:

Value2023
=Value1987 ×
CPI2023/CPI1987
=$ 100 ×
124.13/54.1
$229.44

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 128.04:

Valuetoday
=Value1987 ×
CPItoday/CPI1987
=$ 100 ×
128.04/54.1
$236.67

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 36 years between 1987 and 2023 and the average inflation rate was 2.3337%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=$100 × (1 + 0.023337)36
$229.44

Canada inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1987 $2.29 dollars in 2023
$5 dollars in 1987 $11.47 dollars in 2023
$10 dollars in 1987 $22.94 dollars in 2023
$50 dollars in 1987 $114.72 dollars in 2023
$100 dollars in 1987 $229.44 dollars in 2023
$500 dollars in 1987 $1,147.19 dollars in 2023
$1,000 dollars in 1987 $2,294.39 dollars in 2023
$5,000 dollars in 1987 $11,471.95 dollars in 2023
$10,000 dollars in 1987 $22,943.9 dollars in 2023
$50,000 dollars in 1987 $114,719.5 dollars in 2023
$100,000 dollars in 1987 $229,438.99 dollars in 2023
$500,000 dollars in 1987 $1,147,194.96 dollars in 2023
$1,000,000 dollars in 1987 $2,294,389.92 dollars in 2023
Cumulative inflation From 1987 136.67%
Avg. annual inflation From 1987 2.36%
CPI 1987 54.1
CPI today 128.04

Value of Dollar over time (by year)

Period Value
1987 100
1988 104.03
1989 109.21
1990 114.43
1991 120.87
1992 122.67
1993 124.96
1994 125.17
1995 127.86
1996 129.86
1997 131.97
1998 133.28
1999 135.6
2000 139.28
2001 142.8
2002 146.03
2003 150.05
2004 152.84
2005 156.22
2006 159.35
2007 162.76
2008 166.62
2009 167.12
2010 170.09
2011 175.04
2012 177.69
2013 179.36
2014 182.78
2015 184.84
2016 187.48
2017 190.47
2018 194.79
2019 198.59
2020 200.01
2021 206.8
2022 220.87
2023 229.44
2024-05 235.85
Today 236.67

All available years

Today's value of canadian dollar by year:

1914 | 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 | 2022 | 2023 |

Other currencies: