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Value of 1991 Canadian Dollar today

$100 in 1991
$186.56 in 2022

The inflation rate in Canada between 1991 and today has been 86.56%, which translates into a total increase of $86.56. This means that 100 dollars in 1991 are equivalent to 186.56 dollars in 2022. In other words, the purchasing power of $100 in 1991 equals $186.56 today. The average annual inflation rate between these periods has been 2.03%.

Inflation timeline in Canada (1991 - 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 1991-2021 71.09%
Cumulative inflation 1991-today 86.56%
Avg. Annual inflation 1991-2021 1.81%
CPI 1991 65.39
CPI 2021 111.88
CPI 2022-10 (latest official data) 121.52
CPI today 122

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 2021, use the corresponding CPI values:

Value2021
=Value1991 ×
CPI2021/CPI1991
=$ 100 ×
111.88/65.39
$171.09

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 122:

Valuetoday
=Value1991 ×
CPItoday/CPI1991
=$ 100 ×
122/65.39
$186.56

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 30 years between 1991 and 2021 and the average inflation rate was 1.8063%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.018063)30
$171.09

Canada inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1991 $1.71 dollars in 2021
$5 dollars in 1991 $8.55 dollars in 2021
$10 dollars in 1991 $17.11 dollars in 2021
$50 dollars in 1991 $85.55 dollars in 2021
$100 dollars in 1991 $171.09 dollars in 2021
$500 dollars in 1991 $855.47 dollars in 2021
$1,000 dollars in 1991 $1,710.93 dollars in 2021
$5,000 dollars in 1991 $8,554.67 dollars in 2021
$10,000 dollars in 1991 $17,109.35 dollars in 2021
$50,000 dollars in 1991 $85,546.73 dollars in 2021
$100,000 dollars in 1991 $171,093.47 dollars in 2021
$500,000 dollars in 1991 $855,467.34 dollars in 2021
$1,000,000 dollars in 1991 $1,710,934.67 dollars in 2021
Cumulative inflation From 1991 86.56%
Avg. annual inflation From 1991 2.03%
CPI 1991 65.39
CPI today 122

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
2022-10 185.82
Today 186.56

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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