# Value of 1992 Canadian Dollar today

\$100 in 1992

\$164.81 in 2020

The inflation rate in Canada between 1992 and today has been 64.81%, which translates into a total increase of \$64.81. This means that 100 dollars in 1992 are equivalent to 164.81 dollars in 2020. In other words, the purchasing power of \$100 in 1992 equals \$164.81 today. The average annual inflation rate has been 1.74%.

## Inflation timeline in Canada (1992-2020)

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 (1992-2020) 64.54%
Total Inflation* 64.81%
Annual inflation avg. (1992-2020) 1.79%
Annual inflation avg.* 1.74%
CPI 1992 65.5
CPI 2020 107.77
CPI today* 107.95
\$1 in 1992 \$1.65 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 28 years between 1992 and 2020 and the average inflation rate has been 1.7378%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = \$100 * (1 + 0.02)28 = \$164.54

#### 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 1992 was 65.5 and the CPI today is 107.95. Therefore,

Final value = Initial value *
CPI final/CPI initial
= \$100 *
107.77/65.5
= \$164.54

### Canada inflation - Conversion table

Initial Value Equivalent value
\$1 dollar in 1992 \$1.65 dollars today
\$5 dollars in 1992 \$8.24 dollars today
\$10 dollars in 1992 \$16.48 dollars today
\$50 dollars in 1992 \$82.41 dollars today
\$100 dollars in 1992 \$164.81 dollars today
\$500 dollars in 1992 \$824.07 dollars today
\$1,000 dollars in 1992 \$1,648.13 dollars today
\$5,000 dollars in 1992 \$8,240.66 dollars today
\$10,000 dollars in 1992 \$16,481.31 dollars today
\$50,000 dollars in 1992 \$82,406.55 dollars today
\$100,000 dollars in 1992 \$164,813.11 dollars today
\$500,000 dollars in 1992 \$824,065.55 dollars today
\$1,000,000 dollars in 1992 \$1,648,131.09 dollars today

Period Value
1992 100
1993 102.17
1994 103.86
1995 104.1
1996 105.91
1997 108.2
1998 109.05
1999 110.13
2000 113.03
2001 116.65
2002 117.49
2003 121.95
2004 124.49
2005 127.14
2006 129.79
2007 131.97
2008 135.1
2009 136.67
2010 138.48
2011 141.74
2012 144.99
2013 146.2
2014 148.01
2015 150.18
2016 152.59
2017 154.89
2018 157.78
2019 160.92
2020 164.54
Today 164.81