Value of 1959 Swedish Kronor today

kr100 in 1959

kr1,244.46 today

The inflation rate in Sweden between 1959 and today has been 1,144.46%, which translates into a total increase of kr1,144.46. This means that 100 kronor in 1959 are equivalent to 1,244.46 kronor in 2018. In other words, the purchasing power of kr100 in 1959 equals kr1,244.46 today. The average annual inflation rate has been 4.29%.

Inflation timeline in Sweden (1959-2019)

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 (1959-2018) 1,119.55%
Total Inflation* 1,144.46%
Annual inflation avg. (1959-2018) 4.33%
Annual inflation avg.* 4.29%
CPI 1959 8.51
CPI 2018 103.79
CPI today* 105.91
kr1 in 1959 kr12.2 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 59 years between 1959 and 2018 and the average inflation rate has been 4.2917%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = kr100 * (1 + 0.04)59 = kr1,219.55

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 1959 was 8.51 and the CPI today is 105.91. Therefore,

Final value = Initial value *
CPI final/CPI initial
= kr100 *
103.79/8.51
= kr1,219.55

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 1959 kr12.44 kronor today
kr5 kronor in 1959 kr62.22 kronor today
kr10 kronor in 1959 kr124.45 kronor today
kr50 kronor in 1959 kr622.23 kronor today
kr100 kronor in 1959 kr1,244.46 kronor today
kr500 kronor in 1959 kr6,222.32 kronor today
kr1,000 kronor in 1959 kr12,444.63 kronor today
kr5,000 kronor in 1959 kr62,223.15 kronor today
kr10,000 kronor in 1959 kr124,446.3 kronor today
kr50,000 kronor in 1959 kr622,231.51 kronor today
kr100,000 kronor in 1959 kr1,244,463.03 kronor today
kr500,000 kronor in 1959 kr6,222,315.13 kronor today
kr1,000,000 kronor in 1959 kr12,444,630.26 kronor today

Value of Krona in time (by year)

Period Value
1959 100
1960 101.33
1961 105.21
1962 107.61
1963 113.05
1964 116.56
1965 121.1
1966 128.34
1967 134.94
1968 139.52
1969 142.33
1970 147.82
1971 159.82
1972 171.18
1973 181.88
1974 195.55
1975 218.19
1976 237.57
1977 259.57
1978 293.44
1979 315.07
1980 345.81
1981 394.67
1982 430.7
1983 472.25
1984 515.71
1985 557.79
1986 589.17
1987 608.75
1988 639.94
1989 678.23
1990 723.11
1991 801.94
1992 865.42
1993 881.51
1994 917.43
1995 940.08
1996 959.92
1997 958.12
1998 973.9
1999 962.09
2000 974.73
2001 984.25
2002 1,010.43
2003 1,031.46
2004 1,044.59
2005 1,047.51
2006 1,056.77
2007 1,074.06
2008 1,111.15
2009 1,121.16
2010 1,127.61
2011 1,153.97
2012 1,180.37
2013 1,179.73
2014 1,181.34
2015 1,177.63
2016 1,178.23
2017 1,198.74
2018 1,219.55
Today 1,244.46