# Value of 1990 Canadian Dollar today

\$100 in 1990

\$179.54 in 2020

The inflation rate in Canada between 1990 and today has been 79.54%, which translates into a total increase of \$79.54. This means that 100 dollars in 1990 are equivalent to 179.54 dollars in 2020. In other words, the purchasing power of \$100 in 1990 equals \$179.54 today. The average annual inflation rate has been 1.91%.

## Inflation timeline in Canada (1990-2020)

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 (1990-2020) 79.24%
Total Inflation* 79.54%
Annual inflation avg. (1990-2020) 1.96%
Annual inflation avg.* 1.91%
CPI 1990 60.13
CPI 2020 107.77
CPI today* 107.95
\$1 in 1990 \$1.79 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 30 years between 1990 and 2020 and the average inflation rate has been 1.9058%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = \$100 * (1 + 0.02)30 = \$179.24

#### 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 1990 was 60.13 and the CPI today is 107.95. Therefore,

Final value = Initial value *
CPI final/CPI initial
= \$100 *
107.77/60.13
= \$179.24

### Canada inflation - Conversion table

Initial Value Equivalent value
\$1 dollar in 1990 \$1.8 dollars today
\$5 dollars in 1990 \$8.98 dollars today
\$10 dollars in 1990 \$17.95 dollars today
\$50 dollars in 1990 \$89.77 dollars today
\$100 dollars in 1990 \$179.54 dollars today
\$500 dollars in 1990 \$897.7 dollars today
\$1,000 dollars in 1990 \$1,795.4 dollars today
\$5,000 dollars in 1990 \$8,977.01 dollars today
\$10,000 dollars in 1990 \$17,954.02 dollars today
\$50,000 dollars in 1990 \$89,770.08 dollars today
\$100,000 dollars in 1990 \$179,540.16 dollars today
\$500,000 dollars in 1990 \$897,700.8 dollars today
\$1,000,000 dollars in 1990 \$1,795,401.6 dollars today

Period Value
1990 100
1991 104.99
1992 108.94
1993 111.3
1994 113.14
1995 113.4
1996 115.37
1997 117.87
1998 118.79
1999 119.97
2000 123.13
2001 127.07
2002 127.99
2003 132.85
2004 135.61
2005 138.5
2006 141.39
2007 143.76
2008 147.17
2009 148.88
2010 150.85
2011 154.4
2012 157.95
2013 159.26
2014 161.24
2015 163.6
2016 166.23
2017 168.73
2018 171.88
2019 175.3
2020 179.24
Today 179.54