kr

Value of 1960 Swedish Kronor today

kr100 in 1960
kr1,366.31 in 2022

The inflation rate in Sweden between 1960 and today has been 1,266.31%, which translates into a total increase of kr1,266.31. This means that 100 kronor in 1960 are equivalent to 1,366.31 kronor in 2022. In other words, the purchasing power of kr100 in 1960 equals kr1,366.31 today. The average annual inflation rate between these periods has been 4.31%.

Inflation timeline in Sweden (1960 - 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 1960-2021 1,131.81%
Cumulative inflation 1960-today 1,266.31%
Avg. Annual inflation 1960-2021 4.2%
CPI 1960 8.89
CPI 2021 109.52
CPI 2022-08 (latest official data) 120.57
CPI today 121.48

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 1960 and 2021, use the corresponding CPI values:

Value2021
=Value1960 ×
CPI2021/CPI1960
=kr 100 ×
109.52/8.89
kr1,231.81

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 121.48:

Valuetoday
=Value1960 ×
CPItoday/CPI1960
=kr 100 ×
121.48/8.89
kr1,366.31

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 61 years between 1960 and 2021 and the average inflation rate was 4.2024%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=kr100 × (1 + 0.042024)61
kr1,231.81

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 1960 kr12.32 kronor in 2021
kr5 kronor in 1960 kr61.59 kronor in 2021
kr10 kronor in 1960 kr123.18 kronor in 2021
kr50 kronor in 1960 kr615.91 kronor in 2021
kr100 kronor in 1960 kr1,231.81 kronor in 2021
kr500 kronor in 1960 kr6,159.07 kronor in 2021
kr1,000 kronor in 1960 kr12,318.14 kronor in 2021
kr5,000 kronor in 1960 kr61,590.68 kronor in 2021
kr10,000 kronor in 1960 kr123,181.37 kronor in 2021
kr50,000 kronor in 1960 kr615,906.83 kronor in 2021
kr100,000 kronor in 1960 kr1,231,813.66 kronor in 2021
kr500,000 kronor in 1960 kr6,159,068.29 kronor in 2021
kr1,000,000 kronor in 1960 kr12,318,136.58 kronor in 2021
Cumulative inflation From 1960 1,266.31%
Avg. annual inflation From 1960 4.31%
CPI 1960 8.89
CPI today 121.48

Value of Krona over time (by year)

Period Value
1960 100
1961 102.16
1962 107.03
1963 110.1
1964 113.83
1965 119.54
1966 127.19
1967 132.65
1968 135.23
1969 138.87
1970 148.61
1971 159.6
1972 169.19
1973 180.55
1974 198.45
1975 217.86
1976 240.19
1977 267.67
1978 294.42
1979 315.65
1980 358.91
1981 402.36
1982 436.92
1983 475.68
1984 513.95
1985 551.84
1986 575.21
1987 599.31
1988 634.22
1989 675.08
1990 745.06
1991 815.43
1992 834.79
1993 874.26
1994 893.13
1995 915.06
1996 919.94
1997 926
1998 923.52
1999 927.79
2000 936.13
2001 958.65
2002 979.35
2003 998.21
2004 1,001.94
2005 1,006.48
2006 1,020.17
2007 1,042.73
2008 1,078.57
2009 1,073.24
2010 1,085.67
2011 1,117.82
2012 1,127.75
2013 1,127.25
2014 1,125.22
2015 1,124.7
2016 1,135.77
2017 1,156.15
2018 1,178.73
2019 1,199.76
2020 1,205.73
2021 1,231.81
2022-08 1,356.08
Today 1,366.31

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 |

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