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Value of 1989 Canadian Dollar today

$100 in 1989
$205.11 in 2022

The inflation rate in Canada between 1989 and today has been 105.11%, which translates into a total increase of $105.11. This means that 100 dollars in 1989 are equivalent to 205.11 dollars in 2022. In other words, the purchasing power of $100 in 1989 equals $205.11 today. The average annual inflation rate between these periods has been 2.2%.

Inflation timeline in Canada (1989 - 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 1989-2021 89.36%
Cumulative inflation 1989-today 105.11%
Avg. Annual inflation 1989-2021 2.02%
CPI 1989 59.09
CPI 2021 111.88
CPI 2022-08 (latest official data) 120.57
CPI today 121.19

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 1989 and 2021, use the corresponding CPI values:

Value2021
=Value1989 ×
CPI2021/CPI1989
=$ 100 ×
111.88/59.09
$189.36

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 121.19:

Valuetoday
=Value1989 ×
CPItoday/CPI1989
=$ 100 ×
121.19/59.09
$205.11

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 32 years between 1989 and 2021 and the average inflation rate was 2.0153%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.020153)32
$189.36

Canada inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1989 $1.89 dollars in 2021
$5 dollars in 1989 $9.47 dollars in 2021
$10 dollars in 1989 $18.94 dollars in 2021
$50 dollars in 1989 $94.68 dollars in 2021
$100 dollars in 1989 $189.36 dollars in 2021
$500 dollars in 1989 $946.79 dollars in 2021
$1,000 dollars in 1989 $1,893.58 dollars in 2021
$5,000 dollars in 1989 $9,467.91 dollars in 2021
$10,000 dollars in 1989 $18,935.82 dollars in 2021
$50,000 dollars in 1989 $94,679.09 dollars in 2021
$100,000 dollars in 1989 $189,358.18 dollars in 2021
$500,000 dollars in 1989 $946,790.89 dollars in 2021
$1,000,000 dollars in 1989 $1,893,581.78 dollars in 2021
Cumulative inflation From 1989 105.11%
Avg. annual inflation From 1989 2.2%
CPI 1989 59.09
CPI today 121.19

Value of Dollar over time (by year)

Period Value
1989 100
1990 104.78
1991 110.68
1992 112.32
1993 114.42
1994 114.61
1995 117.07
1996 118.91
1997 120.84
1998 122.04
1999 124.16
2000 127.54
2001 130.76
2002 133.71
2003 137.4
2004 139.95
2005 143.05
2006 145.91
2007 149.03
2008 152.56
2009 153.02
2010 155.74
2011 160.27
2012 162.7
2013 164.23
2014 167.36
2015 169.24
2016 171.66
2017 174.4
2018 178.36
2019 181.84
2020 183.14
2021 189.36
2022-08 204.06
Today 205.11

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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