$

Value of 1999 Canadian Dollar today

$100 in 1999
$173.62 in 2024

The inflation rate in Canada between 1999 and today has been 73.62%, which translates into a total increase of $73.62. This means that 100 dollars in 1999 are equivalent to 173.62 dollars in 2024. In other words, the purchasing power of $100 in 1999 equals $173.62 today. The average annual inflation rate between these periods has been 2.23%.

Inflation timeline in Canada (1999 - 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 1999-2023 69.21%
Cumulative inflation 1999-today 73.62%
Avg. Annual inflation 1999-2023 2.22%
CPI 1999 73.36
CPI 2023 124.13
CPI 2024-04 (latest official data) 126.89
CPI today 127.37

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 1999 and 2023, use the corresponding CPI values:

Value2023
=Value1999 ×
CPI2023/CPI1999
=$ 100 ×
124.13/73.36
$169.21

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 127.37:

Valuetoday
=Value1999 ×
CPItoday/CPI1999
=$ 100 ×
127.37/73.36
$173.62

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 24 years between 1999 and 2023 and the average inflation rate was 2.2156%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=$100 × (1 + 0.022156)24
$169.21

Canada inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1999 $1.69 dollars in 2023
$5 dollars in 1999 $8.46 dollars in 2023
$10 dollars in 1999 $16.92 dollars in 2023
$50 dollars in 1999 $84.6 dollars in 2023
$100 dollars in 1999 $169.21 dollars in 2023
$500 dollars in 1999 $846.03 dollars in 2023
$1,000 dollars in 1999 $1,692.07 dollars in 2023
$5,000 dollars in 1999 $8,460.33 dollars in 2023
$10,000 dollars in 1999 $16,920.66 dollars in 2023
$50,000 dollars in 1999 $84,603.31 dollars in 2023
$100,000 dollars in 1999 $169,206.61 dollars in 2023
$500,000 dollars in 1999 $846,033.05 dollars in 2023
$1,000,000 dollars in 1999 $1,692,066.1 dollars in 2023
Cumulative inflation From 1999 73.62%
Avg. annual inflation From 1999 2.23%
CPI 1999 73.36
CPI today 127.37

Value of Dollar over time (by year)

Period Value
1999 100
2000 102.72
2001 105.31
2002 107.69
2003 110.66
2004 112.72
2005 115.21
2006 117.52
2007 120.03
2008 122.88
2009 123.25
2010 125.44
2011 129.09
2012 131.04
2013 132.27
2014 134.8
2015 136.31
2016 138.26
2017 140.47
2018 143.65
2019 146.45
2020 147.5
2021 152.51
2022 162.89
2023 169.21
2024-04 172.97
Today 173.62

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 |

Other currencies: