kr

Value of 1958 Swedish Kronor today

kr100 in 1958
kr1,435.1 in 2022

The inflation rate in Sweden between 1958 and today has been 1,335.1%, which translates into a total increase of kr1,335.1. This means that 100 kronor in 1958 are equivalent to 1,435.1 kronor in 2022. In other words, the purchasing power of kr100 in 1958 equals kr1,435.1 today. The average annual inflation rate between these periods has been 4.25%.

Inflation timeline in Sweden (1958 - 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 (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 1958-2021 1,193.15%
Cumulative inflation 1958-today 1,335.1%
Avg. Annual inflation 1958-2021 4.15%
CPI 1958 8.47
CPI 2021 109.52
CPI 2022-08 (latest official data) 120.57
CPI today 121.55

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 1958 and 2021, use the corresponding CPI values:

Value2021
=Value1958 ×
CPI2021/CPI1958
=kr 100 ×
109.52/8.47
kr1,293.15

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 121.55:

Valuetoday
=Value1958 ×
CPItoday/CPI1958
=kr 100 ×
121.55/8.47
kr1,435.1

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 63 years between 1958 and 2021 and the average inflation rate was 4.1466%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=kr100 × (1 + 0.041466)63
kr1,293.15

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 1958 kr12.93 kronor in 2021
kr5 kronor in 1958 kr64.66 kronor in 2021
kr10 kronor in 1958 kr129.31 kronor in 2021
kr50 kronor in 1958 kr646.57 kronor in 2021
kr100 kronor in 1958 kr1,293.15 kronor in 2021
kr500 kronor in 1958 kr6,465.73 kronor in 2021
kr1,000 kronor in 1958 kr12,931.45 kronor in 2021
kr5,000 kronor in 1958 kr64,657.27 kronor in 2021
kr10,000 kronor in 1958 kr129,314.54 kronor in 2021
kr50,000 kronor in 1958 kr646,572.7 kronor in 2021
kr100,000 kronor in 1958 kr1,293,145.39 kronor in 2021
kr500,000 kronor in 1958 kr6,465,726.97 kronor in 2021
kr1,000,000 kronor in 1958 kr12,931,453.93 kronor in 2021
Cumulative inflation From 1958 1,335.1%
Avg. annual inflation From 1958 4.25%
CPI 1958 8.47
CPI today 121.55

Value of Krona over time (by year)

Period Value
1958 100
1959 100.8
1960 104.98
1961 107.24
1962 112.36
1963 115.58
1964 119.5
1965 125.49
1966 133.53
1967 139.25
1968 141.96
1969 145.78
1970 156.01
1971 167.55
1972 177.61
1973 189.54
1974 208.33
1975 228.7
1976 252.15
1977 281
1978 309.08
1979 331.37
1980 376.78
1981 422.39
1982 458.67
1983 499.37
1984 539.54
1985 579.32
1986 603.85
1987 629.15
1988 665.79
1989 708.69
1990 782.16
1991 856.03
1992 876.36
1993 917.79
1994 937.6
1995 960.62
1996 965.74
1997 972.1
1998 969.5
1999 973.98
2000 982.74
2001 1,006.39
2002 1,028.11
2003 1,047.91
2004 1,051.82
2005 1,056.59
2006 1,070.96
2007 1,094.65
2008 1,132.28
2009 1,126.68
2010 1,139.72
2011 1,173.47
2012 1,183.9
2013 1,183.37
2014 1,181.25
2015 1,180.69
2016 1,192.32
2017 1,213.71
2018 1,237.42
2019 1,259.5
2020 1,265.76
2021 1,293.15
2022-08 1,423.6
Today 1,435.1

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 |

Other currencies: