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Value of 1990 Canadian Dollar today

$100 in 1990
$205.3 in 2024

The inflation rate in Canada between 1990 and today has been 105.3%, which translates into a total increase of $105.3. This means that 100 dollars in 1990 are equivalent to 205.3 dollars in 2024. In other words, the purchasing power of $100 in 1990 equals $205.3 today. The average annual inflation rate between these periods has been 2.14%.

Inflation timeline in Canada (1990 - 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 1990-2023 100.5%
Cumulative inflation 1990-today 105.3%
Avg. Annual inflation 1990-2023 2.13%
CPI 1990 61.91
CPI 2023 124.13
CPI 2024-04 (latest official data) 126.89
CPI today 127.1

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 1990 and 2023, use the corresponding CPI values:

Value2023
=Value1990 ×
CPI2023/CPI1990
=$ 100 ×
124.13/61.91
$200.5

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 127.1:

Valuetoday
=Value1990 ×
CPItoday/CPI1990
=$ 100 ×
127.1/61.91
$205.3

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 33 years between 1990 and 2023 and the average inflation rate was 2.1304%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=$100 × (1 + 0.021304)33
$200.5

Canada inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1990 $2 dollars in 2023
$5 dollars in 1990 $10.02 dollars in 2023
$10 dollars in 1990 $20.05 dollars in 2023
$50 dollars in 1990 $100.25 dollars in 2023
$100 dollars in 1990 $200.5 dollars in 2023
$500 dollars in 1990 $1,002.5 dollars in 2023
$1,000 dollars in 1990 $2,005 dollars in 2023
$5,000 dollars in 1990 $10,024.99 dollars in 2023
$10,000 dollars in 1990 $20,049.98 dollars in 2023
$50,000 dollars in 1990 $100,249.92 dollars in 2023
$100,000 dollars in 1990 $200,499.85 dollars in 2023
$500,000 dollars in 1990 $1,002,499.24 dollars in 2023
$1,000,000 dollars in 1990 $2,004,998.49 dollars in 2023
Cumulative inflation From 1990 105.3%
Avg. annual inflation From 1990 2.14%
CPI 1990 61.91
CPI today 127.1

Value of Dollar over time (by year)

Period Value
1990 100
1991 105.63
1992 107.2
1993 109.2
1994 109.38
1995 111.73
1996 113.49
1997 115.32
1998 116.47
1999 118.49
2000 121.72
2001 124.79
2002 127.61
2003 131.13
2004 133.56
2005 136.52
2006 139.25
2007 142.23
2008 145.6
2009 146.04
2010 148.63
2011 152.96
2012 155.28
2013 156.74
2014 159.73
2015 161.52
2016 163.83
2017 166.45
2018 170.22
2019 173.54
2020 174.78
2021 180.72
2022 193.01
2023 200.5
2024-04 204.96
Today 205.3

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 |

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