kr

Value of 1959 Swedish Kronor today

kr100 in 1959
kr1,557.1 in 2024

The inflation rate in Sweden between 1959 and today has been 1,457.1%, which translates into a total increase of kr1,457.1. This means that 100 kronor in 1959 are equivalent to 1,557.1 kronor in 2024. In other words, the purchasing power of kr100 in 1959 equals kr1,557.1 today. The average annual inflation rate between these periods has been 4.31%.

Inflation timeline in Sweden (1959 - 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 1959-2023 1,409.04%
Cumulative inflation 1959-today 1,457.1%
Avg. Annual inflation 1959-2023 4.33%
CPI 1959 8.54
CPI 2023 128.84
CPI 2024-04 (latest official data) 132.6
CPI today 132.94

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 1959 and 2023, use the corresponding CPI values:

Value2023
=Value1959 ×
CPI2023/CPI1959
=kr 100 ×
128.84/8.54
kr1,509.04

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 132.94:

Valuetoday
=Value1959 ×
CPItoday/CPI1959
=kr 100 ×
132.94/8.54
kr1,557.1

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 64 years between 1959 and 2023 and the average inflation rate was 4.3319%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=kr100 × (1 + 0.043319)64
kr1,509.04

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 1959 kr15.09 kronor in 2023
kr5 kronor in 1959 kr75.45 kronor in 2023
kr10 kronor in 1959 kr150.9 kronor in 2023
kr50 kronor in 1959 kr754.52 kronor in 2023
kr100 kronor in 1959 kr1,509.04 kronor in 2023
kr500 kronor in 1959 kr7,545.2 kronor in 2023
kr1,000 kronor in 1959 kr15,090.39 kronor in 2023
kr5,000 kronor in 1959 kr75,451.97 kronor in 2023
kr10,000 kronor in 1959 kr150,903.95 kronor in 2023
kr50,000 kronor in 1959 kr754,519.73 kronor in 2023
kr100,000 kronor in 1959 kr1,509,039.46 kronor in 2023
kr500,000 kronor in 1959 kr7,545,197.31 kronor in 2023
kr1,000,000 kronor in 1959 kr15,090,394.62 kronor in 2023
Cumulative inflation From 1959 1,457.1%
Avg. annual inflation From 1959 4.31%
CPI 1959 8.54
CPI today 132.94

Value of Krona over time (by year)

Period Value
1959 100
1960 104.14
1961 106.39
1962 111.46
1963 114.66
1964 118.55
1965 124.49
1966 132.46
1967 138.14
1968 140.83
1969 144.62
1970 154.76
1971 166.21
1972 176.2
1973 188.03
1974 206.67
1975 226.88
1976 250.13
1977 278.75
1978 306.62
1979 328.72
1980 373.78
1981 419.02
1982 455.01
1983 495.38
1984 535.23
1985 574.7
1986 599.04
1987 624.13
1988 660.48
1989 703.04
1990 775.92
1991 849.21
1992 869.37
1993 910.47
1994 930.12
1995 952.96
1996 958.04
1997 964.35
1998 961.77
1999 966.22
2000 974.9
2001 998.36
2002 1,019.91
2003 1,039.55
2004 1,043.43
2005 1,048.16
2006 1,062.42
2007 1,085.92
2008 1,123.25
2009 1,117.69
2010 1,130.63
2011 1,164.11
2012 1,174.46
2013 1,173.94
2014 1,171.83
2015 1,171.28
2016 1,182.81
2017 1,204.03
2018 1,227.55
2019 1,249.46
2020 1,255.67
2021 1,282.83
2022 1,390.2
2023 1,509.04
2024-04 1,553.13
Today 1,557.1

All available years

Today's value of swedish kronor by year:

1955 | 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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