kr

Value of 1957 Norwegian Kroner today

kr100 in 1957
kr1,641.5 in 2022

The inflation rate in Norway between 1957 and today has been 1,541.5%, which translates into a total increase of kr1,541.5. This means that 100 kroner in 1957 are equivalent to 1,641.5 kroner in 2022. In other words, the purchasing power of kr100 in 1957 equals kr1,641.5 today. The average annual inflation rate between these periods has been 4.4%.

Inflation timeline in Norway (1957 - 2022)

The following chart depicts the equivalence of kr100 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 (NOK) 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 1957-2021 1,405.6%
Cumulative inflation 1957-today 1,541.5%
Avg. Annual inflation 1957-2021 4.33%
CPI 1957 7.71
CPI 2021 116.09
CPI 2022-10 (latest official data) 126
CPI today 126.57

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 1957 and 2021, use the corresponding CPI values:

Value2021
=Value1957 ×
CPI2021/CPI1957
=kr 100 ×
116.09/7.71
kr1,505.6

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 126.57:

Valuetoday
=Value1957 ×
CPItoday/CPI1957
=kr 100 ×
126.57/7.71
kr1,641.5

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 kr100 worth today. There are 64 years between 1957 and 2021 and the average inflation rate was 4.3282%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=kr100 × (1 + 0.043282)64
kr1,505.6

Norway inflation - Conversion table

Initial Value Equivalent value
kr1 krone in 1957 kr15.06 kroner in 2021
kr5 kroner in 1957 kr75.28 kroner in 2021
kr10 kroner in 1957 kr150.56 kroner in 2021
kr50 kroner in 1957 kr752.8 kroner in 2021
kr100 kroner in 1957 kr1,505.6 kroner in 2021
kr500 kroner in 1957 kr7,528.01 kroner in 2021
kr1,000 kroner in 1957 kr15,056.03 kroner in 2021
kr5,000 kroner in 1957 kr75,280.13 kroner in 2021
kr10,000 kroner in 1957 kr150,560.26 kroner in 2021
kr50,000 kroner in 1957 kr752,801.29 kroner in 2021
kr100,000 kroner in 1957 kr1,505,602.58 kroner in 2021
kr500,000 kroner in 1957 kr7,528,012.89 kroner in 2021
kr1,000,000 kroner in 1957 kr15,056,025.78 kroner in 2021
Cumulative inflation From 1957 1,541.5%
Avg. annual inflation From 1957 4.4%
CPI 1957 7.71
CPI today 126.57

Value of Krone over time (by year)

Period Value
1957 100
1958 105.03
1959 107.44
1960 107.82
1961 110.15
1962 115.96
1963 118.82
1964 125.79
1965 131.06
1966 135.32
1967 141.52
1968 146.4
1969 150.74
1970 166.77
1971 177.15
1972 190.01
1973 204.11
1974 223.32
1975 249.42
1976 272.27
1977 297.06
1978 321.3
1979 335.79
1980 372.32
1981 423.12
1982 471.1
1983 510.98
1984 542.76
1985 573.77
1986 614.95
1987 668.56
1988 713.19
1989 745.61
1990 776.42
1991 803.11
1992 821.81
1993 840.61
1994 852.18
1995 873.14
1996 884.17
1997 906.86
1998 927.29
1999 949.23
2000 978.52
2001 1,007.91
2002 1,020.88
2003 1,046.28
2004 1,051.04
2005 1,067.14
2006 1,092
2007 1,099.78
2008 1,141.06
2009 1,166.14
2010 1,194.34
2011 1,209.69
2012 1,218.12
2013 1,243.95
2014 1,269.35
2015 1,296.91
2016 1,342.95
2017 1,368.13
2018 1,405.96
2019 1,436.43
2020 1,454.91
2021 1,505.6
2022-10 1,634.1
Today 1,641.5

All available years

Today's value of norwegian kroner by year:

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 |

Other currencies: