Value of 1969 Norwegian Kroner today

kr100 in 1969

kr959.72 in 2019

The inflation rate in Norway between 1969 and today has been 859.72%, which translates into a total increase of kr859.72. This means that 100 kroner in 1969 are equivalent to 959.72 kroner in 2019. In other words, the purchasing power of kr100 in 1969 equals kr959.72 today. The average annual inflation rate has been 4.53%.

Inflation timeline in Norway (1969-2019)

The following chart depicts the equivalence of kr100 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 (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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1969-2019) 857.5%
Total Inflation* 859.72%
Annual inflation avg. (1969-2019) 4.62%
Annual inflation avg.* 4.53%
CPI 1969 11.47
CPI 2019 109.8
CPI today* 110.06
kr1 in 1969 kr9.57 in 2019

* 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 in 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 kr100 worth today. There are 50 years between 1969 and 2019 and the average inflation rate has been 4.534%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = kr100 * (1 + 0.05)50 = kr957.5

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 1969 was 11.47 and the CPI today is 110.06. Therefore,

Final value = Initial value *
CPI final/CPI initial
= kr100 *
109.8/11.47
= kr957.5

Norway inflation - Conversion table

Initial Value Equivalent value
kr1 krone in 1969 kr9.6 kroner today
kr5 kroner in 1969 kr47.99 kroner today
kr10 kroner in 1969 kr95.97 kroner today
kr50 kroner in 1969 kr479.86 kroner today
kr100 kroner in 1969 kr959.72 kroner today
kr500 kroner in 1969 kr4,798.61 kroner today
kr1,000 kroner in 1969 kr9,597.21 kroner today
kr5,000 kroner in 1969 kr47,986.06 kroner today
kr10,000 kroner in 1969 kr95,972.13 kroner today
kr50,000 kroner in 1969 kr479,860.63 kroner today
kr100,000 kroner in 1969 kr959,721.27 kroner today
kr500,000 kroner in 1969 kr4,798,606.34 kroner today
kr1,000,000 kroner in 1969 kr9,597,212.68 kroner today

Value of Krone in time (by year)

Period Value
1969 100
1970 103.13
1971 116.25
1972 121.88
1973 131.25
1974 141.88
1975 156.25
1976 173.75
1977 187.5
1978 205
1979 221.25
1980 231.09
1981 262.48
1982 293.88
1983 328.76
1984 352.3
1985 373.23
1986 394.16
1987 429.04
1988 460.43
1989 486.6
1990 507.52
1991 529.33
1992 544.15
1993 556.36
1994 566.82
1995 577.29
1996 589.5
1997 599.96
1998 613.91
1999 628.74
2000 646.18
2001 665.36
2002 679.32
2003 697.63
2004 701.99
2005 709.84
2006 722.92
2007 738.61
2008 759.54
2009 776.11
2010 791.81
2011 813.61
2012 814.48
2013 825.82
2014 842.39
2015 859.83
2016 879.88
2017 910.41
2018 925.23
2019 957.5
Today 959.72