Value of 1990 Norwegian Kroner today

kr100 in 1990

kr188.66 today

The inflation rate in Norway between 1990 and today has been 88.66%, which translates into a total increase of kr88.66. This means that 100 kroner in 1990 are equivalent to 188.66 kroner in 2018. In other words, the purchasing power of kr100 in 1990 equals kr188.66 today. The average annual inflation rate has been 2.21%.

Inflation timeline in Norway (1990-2019)

The following chart ilustrates the equivalence of kr100 throughout the years due to inflation and CPI changes. All values are equivalent in terms of purchashing 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 (1990-2018) 82.3%
Total Inflation* 88.66%
Annual inflation avg. (1990-2018) 2.17%
Annual inflation avg.* 2.21%
CPI 1990 58.2
CPI 2018 106.1
CPI today* 109.8
kr1 in 1990 kr1.82 in 2018

* 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 28 years between 1990 and 2018 and the average inflation rate has been 2.2131%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = kr100 * (1 + 0.02)28 = kr182.3

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 1990 was 58.2 and the CPI today is 109.8. Therefore,

Final value = Initial value *
CPI final/CPI initial
= kr100 *
106.1/58.2
= kr182.3

Norway inflation - Conversion table

Initial Value Equivalent value
kr1 krone in 1990 kr1.89 kroner today
kr5 kroner in 1990 kr9.43 kroner today
kr10 kroner in 1990 kr18.87 kroner today
kr50 kroner in 1990 kr94.33 kroner today
kr100 kroner in 1990 kr188.66 kroner today
kr500 kroner in 1990 kr943.31 kroner today
kr1,000 kroner in 1990 kr1,886.63 kroner today
kr5,000 kroner in 1990 kr9,433.13 kroner today
kr10,000 kroner in 1990 kr18,866.26 kroner today
kr50,000 kroner in 1990 kr94,331.31 kroner today
kr100,000 kroner in 1990 kr188,662.62 kroner today
kr500,000 kroner in 1990 kr943,313.12 kroner today
kr1,000,000 kroner in 1990 kr1,886,626.23 kroner today

Value of Krone in time (by year)

Period Value
1990 100
1991 104.3
1992 107.22
1993 109.62
1994 111.68
1995 113.75
1996 116.15
1997 118.21
1998 120.96
1999 123.88
2000 127.32
2001 131.1
2002 133.85
2003 137.46
2004 138.32
2005 139.86
2006 142.44
2007 145.53
2008 149.66
2009 152.92
2010 156.01
2011 160.31
2012 160.48
2013 162.71
2014 165.98
2015 169.42
2016 173.37
2017 179.38
2018 182.3
Today 188.66