Methodology and sources
Each estimate uses one formula: amount × (comparison-year index ÷ source-year index). The index values are annual averages copied from national statistics agencies and central banks and stored in this page, so the same inputs always give the same answer and nothing is fetched while you use it. 2025 is the latest complete year for every series.
Conversions stay within one currency. The tool does not use exchange rates, because a historical exchange rate tells you how currencies traded, not what a family could buy. Results are rounded to 3 significant figures since early index values are themselves estimates.
| Currency | Years | Source |
|---|---|---|
| United States dollar (USD) | 1800 to 2025 | Federal Reserve Bank of Minneapolis, Consumer Price Index 1800-; U.S. Bureau of Labor Statistics, Consumer Price IndexUS Consumer Price Index, annual average (1967 = 100) |
| British pound sterling (GBP) | 1800 to 2025 | Office for National Statistics, series CDKOONS Retail Prices Index long-run series CDKO (January 1974 = 100) |
| Canadian dollar (CAD) | 1914 to 2025 | Statistics Canada, Table 18-10-0005-01Statistics Canada CPI, all-items, annual average (2002 = 100) |
| Australian dollar (AUD, pounds before 1966) | 1923 to 2025 | Reserve Bank of Australia, statistical table G1ABS / RBA Consumer Price Index, all groups (mean of four quarters) |
| Euro (EUR, euro area from 1999) | 1999 to 2025 | Eurostat, HICP annual data (prc_hicp_aind)Eurostat HICP, euro area (changing composition), annual average (2015 = 100) |
Limitations to keep in mind
- Figures before official price indexes began (1913 in the US, 1947 in the UK, 1948 in Australia) are historians' estimates and are less precise.
- A national average hides local differences. Rent in a city and prices on a farm could differ a lot from the index.
- Consumer price indexes compare everyday purchases. To compare incomes, wealth, or the cost of a large project, economists use other measures, such as wage or GDP growth, which give much larger numbers.
- Sterling amounts before 1971 and Australian amounts before 1966 were in pounds, shillings, and pence. Australia's pound was replaced by the dollar at A$2 = £1 in 1966.