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Value of 1993 Canadian Dollar today

$100 in 1993
$188.34 in 2024

The inflation rate in Canada between 1993 and today has been 88.34%, which translates into a total increase of $88.34. This means that 100 dollars in 1993 are equivalent to 188.34 dollars in 2024. In other words, the purchasing power of $100 in 1993 equals $188.34 today. The average annual inflation rate between these periods has been 2.06%.

Inflation timeline in Canada (1993 - 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 1993-2023 83.61%
Cumulative inflation 1993-today 88.34%
Avg. Annual inflation 1993-2023 2.05%
CPI 1993 67.61
CPI 2023 124.13
CPI 2024-04 (latest official data) 126.89
CPI today 127.33

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 1993 and 2023, use the corresponding CPI values:

Value2023
=Value1993 ×
CPI2023/CPI1993
=$ 100 ×
124.13/67.61
$183.61

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 127.33:

Valuetoday
=Value1993 ×
CPItoday/CPI1993
=$ 100 ×
127.33/67.61
$188.34

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 1993 and 2023 and the average inflation rate was 2.0461%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=$100 × (1 + 0.020461)30
$183.61

Canada inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1993 $1.84 dollars in 2023
$5 dollars in 1993 $9.18 dollars in 2023
$10 dollars in 1993 $18.36 dollars in 2023
$50 dollars in 1993 $91.8 dollars in 2023
$100 dollars in 1993 $183.61 dollars in 2023
$500 dollars in 1993 $918.05 dollars in 2023
$1,000 dollars in 1993 $1,836.09 dollars in 2023
$5,000 dollars in 1993 $9,180.46 dollars in 2023
$10,000 dollars in 1993 $18,360.93 dollars in 2023
$50,000 dollars in 1993 $91,804.65 dollars in 2023
$100,000 dollars in 1993 $183,609.3 dollars in 2023
$500,000 dollars in 1993 $918,046.48 dollars in 2023
$1,000,000 dollars in 1993 $1,836,092.95 dollars in 2023
Cumulative inflation From 1993 88.34%
Avg. annual inflation From 1993 2.06%
CPI 1993 67.61
CPI today 127.33

Value of Dollar over time (by year)

Period Value
1993 100
1994 100.17
1995 102.32
1996 103.92
1997 105.61
1998 106.66
1999 108.51
2000 111.46
2001 114.28
2002 116.86
2003 120.08
2004 122.31
2005 125.02
2006 127.52
2007 130.25
2008 133.34
2009 133.74
2010 136.11
2011 140.08
2012 142.2
2013 143.53
2014 146.27
2015 147.92
2016 150.03
2017 152.43
2018 155.88
2019 158.92
2020 160.06
2021 165.49
2022 176.75
2023 183.61
2024-04 187.69
Today 188.34

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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