kr

Value of 1957 Swedish Kronor today

kr100 in 1957
kr1,633.42 in 2024

The inflation rate in Sweden between 1957 and today has been 1,533.42%, which translates into a total increase of kr1,533.42. This means that 100 kronor in 1957 are equivalent to 1,633.42 kronor in 2024. In other words, the purchasing power of kr100 in 1957 equals kr1,633.42 today. The average annual inflation rate between these periods has been 4.26%.

Inflation timeline in Sweden (1957 - 2024)

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 (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 extrapolated from the latest 12-month rolling average official data.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation 1957-2023 1,488%
Cumulative inflation 1957-today 1,533.42%
Avg. Annual inflation 1957-2023 4.28%
CPI 1957 8.11
CPI 2023 128.84
CPI 2024-02 (latest official data) 132.05
CPI today 132.52

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 2023, use the corresponding CPI values:

Value2023
=Value1957 ×
CPI2023/CPI1957
=kr 100 ×
128.84/8.11
kr1,588

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 132.52:

Valuetoday
=Value1957 ×
CPItoday/CPI1957
=kr 100 ×
132.52/8.11
kr1,633.42

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 66 years between 1957 and 2023 and the average inflation rate was 4.2785%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=kr100 × (1 + 0.042785)66
kr1,588

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 1957 kr15.88 kronor in 2023
kr5 kronor in 1957 kr79.4 kronor in 2023
kr10 kronor in 1957 kr158.8 kronor in 2023
kr50 kronor in 1957 kr794 kronor in 2023
kr100 kronor in 1957 kr1,588 kronor in 2023
kr500 kronor in 1957 kr7,940.02 kronor in 2023
kr1,000 kronor in 1957 kr15,880.04 kronor in 2023
kr5,000 kronor in 1957 kr79,400.18 kronor in 2023
kr10,000 kronor in 1957 kr158,800.35 kronor in 2023
kr50,000 kronor in 1957 kr794,001.75 kronor in 2023
kr100,000 kronor in 1957 kr1,588,003.51 kronor in 2023
kr500,000 kronor in 1957 kr7,940,017.53 kronor in 2023
kr1,000,000 kronor in 1957 kr15,880,035.06 kronor in 2023
Cumulative inflation From 1957 1,533.42%
Avg. annual inflation From 1957 4.26%
CPI 1957 8.11
CPI today 132.52

Value of Krona over time (by year)

Period Value
1957 100
1958 104.39
1959 105.23
1960 109.59
1961 111.96
1962 117.29
1963 120.66
1964 124.75
1965 131
1966 139.39
1967 145.37
1968 148.2
1969 152.19
1970 162.86
1971 174.91
1972 185.41
1973 197.87
1974 217.48
1975 238.75
1976 263.22
1977 293.34
1978 322.66
1979 345.92
1980 393.34
1981 440.95
1982 478.82
1983 521.31
1984 563.24
1985 604.77
1986 630.38
1987 656.79
1988 695.05
1989 739.83
1990 816.52
1991 893.64
1992 914.86
1993 958.12
1994 978.79
1995 1,002.83
1996 1,008.17
1997 1,014.81
1998 1,012.1
1999 1,016.78
2000 1,025.92
2001 1,050.6
2002 1,073.28
2003 1,093.95
2004 1,098.03
2005 1,103.01
2006 1,118.01
2007 1,142.75
2008 1,182.02
2009 1,176.18
2010 1,189.8
2011 1,225.03
2012 1,235.91
2013 1,235.37
2014 1,233.15
2015 1,232.57
2016 1,244.7
2017 1,267.04
2018 1,291.79
2019 1,314.84
2020 1,321.38
2021 1,349.96
2022 1,462.94
2023 1,588
2024-02 1,627.56
Today 1,633.42

All available years

Today's value of swedish kronor 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 | 2022 | 2023 |

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