# Value of 1995 Canadian Dollar today

\$100 in 1995

\$158.32 in 2020

The inflation rate in Canada between 1995 and today has been 58.32%, which translates into a total increase of \$58.32. This means that 100 dollars in 1995 are equivalent to 158.32 dollars in 2020. In other words, the purchasing power of \$100 in 1995 equals \$158.32 today. The average annual inflation rate has been 1.78%.

## Inflation timeline in Canada (1995-2020)

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 (1995-2020) 58.05%
Total Inflation* 58.32%
Annual inflation avg. (1995-2020) 1.85%
Annual inflation avg.* 1.78%
CPI 1995 68.19
CPI 2020 107.77
CPI today* 107.95
\$1 in 1995 \$1.58 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 25 years between 1995 and 2020 and the average inflation rate has been 1.7828%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = \$100 * (1 + 0.02)25 = \$158.05

#### 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 1995 was 68.19 and the CPI today is 107.95. Therefore,

Final value = Initial value *
CPI final/CPI initial
= \$100 *
107.77/68.19
= \$158.05

### Canada inflation - Conversion table

Initial Value Equivalent value
\$1 dollar in 1995 \$1.58 dollars today
\$5 dollars in 1995 \$7.92 dollars today
\$10 dollars in 1995 \$15.83 dollars today
\$50 dollars in 1995 \$79.16 dollars today
\$100 dollars in 1995 \$158.32 dollars today
\$500 dollars in 1995 \$791.6 dollars today
\$1,000 dollars in 1995 \$1,583.2 dollars today
\$5,000 dollars in 1995 \$7,915.99 dollars today
\$10,000 dollars in 1995 \$15,831.99 dollars today
\$50,000 dollars in 1995 \$79,159.95 dollars today
\$100,000 dollars in 1995 \$158,319.9 dollars today
\$500,000 dollars in 1995 \$791,599.48 dollars today
\$1,000,000 dollars in 1995 \$1,583,198.96 dollars today

Period Value
1995 100
1996 101.74
1997 103.94
1998 104.75
1999 105.79
2000 108.57
2001 112.05
2002 112.86
2003 117.15
2004 119.58
2005 122.13
2006 124.68
2007 126.77
2008 129.78
2009 131.29
2010 133.02
2011 136.15
2012 139.28
2013 140.44
2014 142.18
2015 144.26
2016 146.58
2017 148.78
2018 151.56
2019 154.58
2020 158.05
Today 158.32