kr

Value of 1969 Norwegian Kroner today

kr100 in 1969
kr1,036.76 in 2022

The inflation rate in Norway between 1969 and today has been 936.76%, which translates into a total increase of kr936.76. This means that 100 kroner in 1969 are equivalent to 1,036.76 kroner in 2022. In other words, the purchasing power of kr100 in 1969 equals kr1,036.76 today. The average annual inflation rate between these periods has been 4.51%.

Inflation timeline in Norway (1969 - 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 1969-2021 898.84%
Cumulative inflation 1969-today 936.76%
Avg. Annual inflation 1969-2021 4.53%
CPI 1969 11.62
CPI 2021 116.09
CPI 2022-03 (latest official data) 119.8
CPI today 120.5

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 1969 and 2021, use the corresponding CPI values:

Value2021
=Value1969 ×
CPI2021/CPI1969
=kr 100 ×
116.09/11.62
kr998.84

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 120.5:

Valuetoday
=Value1969 ×
CPItoday/CPI1969
=kr 100 ×
120.5/11.62
kr1,036.76

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 52 years between 1969 and 2021 and the average inflation rate was 4.5252%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=kr100 × (1 + 0.045252)52
kr998.84

Norway inflation - Conversion table

Initial Value Equivalent value
kr1 krone in 1969 kr9.99 kroner in 2021
kr5 kroner in 1969 kr49.94 kroner in 2021
kr10 kroner in 1969 kr99.88 kroner in 2021
kr50 kroner in 1969 kr499.42 kroner in 2021
kr100 kroner in 1969 kr998.84 kroner in 2021
kr500 kroner in 1969 kr4,994.18 kroner in 2021
kr1,000 kroner in 1969 kr9,988.35 kroner in 2021
kr5,000 kroner in 1969 kr49,941.75 kroner in 2021
kr10,000 kroner in 1969 kr99,883.5 kroner in 2021
kr50,000 kroner in 1969 kr499,417.52 kroner in 2021
kr100,000 kroner in 1969 kr998,835.04 kroner in 2021
kr500,000 kroner in 1969 kr4,994,175.2 kroner in 2021
kr1,000,000 kroner in 1969 kr9,988,350.39 kroner in 2021
Cumulative inflation From 1969 936.76%
Avg. annual inflation From 1969 4.51%
CPI 1969 11.62
CPI today 120.5

Value of Krone over time (by year)

Period Value
1969 100
1970 110.64
1971 117.52
1972 126.05
1973 135.41
1974 148.15
1975 165.47
1976 180.63
1977 197.07
1978 213.16
1979 222.77
1980 247
1981 280.7
1982 312.53
1983 338.99
1984 360.07
1985 380.65
1986 407.97
1987 443.53
1988 473.14
1989 494.65
1990 515.08
1991 532.79
1992 545.2
1993 557.67
1994 565.34
1995 579.25
1996 586.57
1997 601.62
1998 615.17
1999 629.73
2000 649.16
2001 668.66
2002 677.27
2003 694.12
2004 697.27
2005 707.95
2006 724.44
2007 729.61
2008 756.99
2009 773.63
2010 792.34
2011 802.52
2012 808.12
2013 825.25
2014 842.1
2015 860.38
2016 890.93
2017 907.63
2018 932.73
2019 952.95
2020 965.21
2021 998.84
2022-03 1,030.74
Today 1,036.76

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 |

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