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Value of 1991 Canadian Dollar today

$100 in 1991
$193.36 in 2024

The inflation rate in Canada between 1991 and today has been 93.36%, which translates into a total increase of $93.36. This means that 100 dollars in 1991 are equivalent to 193.36 dollars in 2024. In other words, the purchasing power of $100 in 1991 equals $193.36 today. The average annual inflation rate between these periods has been 2.02%.

Inflation timeline in Canada (1991 - 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 1991-2023 89.82%
Cumulative inflation 1991-today 93.36%
Avg. Annual inflation 1991-2023 2.02%
CPI 1991 65.39
CPI 2023 124.13
CPI 2024-03 (latest official data) 126.26
CPI today 126.45

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 1991 and 2023, use the corresponding CPI values:

Value2023
=Value1991 ×
CPI2023/CPI1991
=$ 100 ×
124.13/65.39
$189.82

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 126.45:

Valuetoday
=Value1991 ×
CPItoday/CPI1991
=$ 100 ×
126.45/65.39
$193.36

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 1991 and 2023 and the average inflation rate was 2.023%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=$100 × (1 + 0.02023)32
$189.82

Canada inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1991 $1.9 dollars in 2023
$5 dollars in 1991 $9.49 dollars in 2023
$10 dollars in 1991 $18.98 dollars in 2023
$50 dollars in 1991 $94.91 dollars in 2023
$100 dollars in 1991 $189.82 dollars in 2023
$500 dollars in 1991 $949.1 dollars in 2023
$1,000 dollars in 1991 $1,898.21 dollars in 2023
$5,000 dollars in 1991 $9,491.04 dollars in 2023
$10,000 dollars in 1991 $18,982.08 dollars in 2023
$50,000 dollars in 1991 $94,910.4 dollars in 2023
$100,000 dollars in 1991 $189,820.8 dollars in 2023
$500,000 dollars in 1991 $949,103.99 dollars in 2023
$1,000,000 dollars in 1991 $1,898,207.98 dollars in 2023
Cumulative inflation From 1991 93.36%
Avg. annual inflation From 1991 2.02%
CPI 1991 65.39
CPI today 126.45

Value of Dollar over time (by year)

Period Value
1991 100
1992 101.49
1993 103.38
1994 103.55
1995 105.78
1996 107.44
1997 109.18
1998 110.27
1999 112.18
2000 115.23
2001 118.14
2002 120.81
2003 124.14
2004 126.45
2005 129.25
2006 131.84
2007 134.66
2008 137.85
2009 138.26
2010 140.72
2011 144.81
2012 147.01
2013 148.39
2014 151.22
2015 152.92
2016 155.1
2017 157.58
2018 161.16
2019 164.3
2020 165.48
2021 171.09
2022 182.73
2023 189.82
2024-03 193.07
Today 193.36

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 | 2022 | 2023 |

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