Value of 1957 Swedish Kronor today

kr100 in 1957

kr1,335.07 in 2019

The inflation rate in Sweden between 1957 and today has been 1,235.07%, which translates into a total increase of kr1,235.07. This means that 100 kronor in 1957 are equivalent to 1,335.07 kronor in 2019. In other words, the purchasing power of kr100 in 1957 equals kr1,335.07 today. The average annual inflation rate has been 4.2%.

Inflation timeline in Sweden (1957-2019)

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 (SEK) 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 (1957-2019) 1,233.41%
Total Inflation* 1,235.07%
Annual inflation avg. (1957-2019) 4.27%
Annual inflation avg.* 4.2%
CPI 1957 7.94
CPI 2019 105.91
CPI today* 106.04
kr1 in 1957 kr13.33 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 62 years between 1957 and 2019 and the average inflation rate has been 4.1994%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = kr100 * (1 + 0.04)62 = kr1,333.41

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 1957 was 7.94 and the CPI today is 106.04. Therefore,

Final value = Initial value *
CPI final/CPI initial
= kr100 *
105.91/7.94
= kr1,333.41

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 1957 kr13.35 kronor today
kr5 kronor in 1957 kr66.75 kronor today
kr10 kronor in 1957 kr133.51 kronor today
kr50 kronor in 1957 kr667.54 kronor today
kr100 kronor in 1957 kr1,335.07 kronor today
kr500 kronor in 1957 kr6,675.37 kronor today
kr1,000 kronor in 1957 kr13,350.74 kronor today
kr5,000 kronor in 1957 kr66,753.68 kronor today
kr10,000 kronor in 1957 kr133,507.36 kronor today
kr50,000 kronor in 1957 kr667,536.78 kronor today
kr100,000 kronor in 1957 kr1,335,073.56 kronor today
kr500,000 kronor in 1957 kr6,675,367.8 kronor today
kr1,000,000 kronor in 1957 kr13,350,735.6 kronor today

Value of Krona in time (by year)

Period Value
1957 100
1958 103.85
1959 107.15
1960 108.57
1961 112.73
1962 115.3
1963 121.13
1964 124.89
1965 129.76
1966 137.51
1967 144.59
1968 149.5
1969 152.5
1970 158.39
1971 171.24
1972 183.42
1973 194.88
1974 209.53
1975 233.79
1976 254.55
1977 278.13
1978 314.42
1979 337.59
1980 370.53
1981 422.88
1982 461.49
1983 506.01
1984 552.58
1985 597.66
1986 631.29
1987 652.26
1988 685.69
1989 726.71
1990 774.81
1991 859.26
1992 927.28
1993 944.52
1994 983.01
1995 1,007.28
1996 1,028.53
1997 1,026.61
1998 1,043.52
1999 1,030.86
2000 1,044.41
2001 1,054.61
2002 1,082.66
2003 1,105.2
2004 1,119.26
2005 1,122.39
2006 1,132.32
2007 1,150.84
2008 1,190.58
2009 1,201.3
2010 1,208.21
2011 1,236.46
2012 1,264.75
2013 1,264.06
2014 1,265.79
2015 1,261.81
2016 1,262.45
2017 1,284.43
2018 1,306.73
2019 1,333.41
Today 1,335.07