Value of 1960 Swedish Kronor today

kr100 in 1960

kr1,229.35 in 2019

The inflation rate in Sweden between 1960 and today has been 1,129.35%, which translates into a total increase of kr1,129.35. This means that 100 kronor in 1960 are equivalent to 1,229.35 kronor in 2019. In other words, the purchasing power of kr100 in 1960 equals kr1,229.35 today. The average annual inflation rate has been 4.27%.

Inflation timeline in Sweden (1960-2019)

The following chart depicts the equivalence of kr100 throughout the years due to 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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1960-2019) 1,128.16%
Total Inflation* 1,129.35%
Annual inflation avg. (1960-2019) 4.34%
Annual inflation avg.* 4.27%
CPI 1960 8.62
CPI 2019 105.91
CPI today* 106.01
kr1 in 1960 kr12.28 in 2019

* 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 1960 and 2019 and the average inflation rate has been 4.2704%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = kr100 * (1 + 0.04)59 = kr1,228.16

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 1960 was 8.62 and the CPI today is 106.01. Therefore,

Final value = Initial value *
CPI final/CPI initial
= kr100 *
105.91/8.62
= kr1,228.16

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 1960 kr12.29 kronor today
kr5 kronor in 1960 kr61.47 kronor today
kr10 kronor in 1960 kr122.93 kronor today
kr50 kronor in 1960 kr614.67 kronor today
kr100 kronor in 1960 kr1,229.35 kronor today
kr500 kronor in 1960 kr6,146.73 kronor today
kr1,000 kronor in 1960 kr12,293.45 kronor today
kr5,000 kronor in 1960 kr61,467.26 kronor today
kr10,000 kronor in 1960 kr122,934.53 kronor today
kr50,000 kronor in 1960 kr614,672.64 kronor today
kr100,000 kronor in 1960 kr1,229,345.27 kronor today
kr500,000 kronor in 1960 kr6,146,726.37 kronor today
kr1,000,000 kronor in 1960 kr12,293,452.74 kronor today

Value of Krona in time (by year)

Period Value
1960 100
1961 103.84
1962 106.2
1963 111.57
1964 115.03
1965 119.52
1966 126.66
1967 133.17
1968 137.7
1969 140.46
1970 145.89
1971 157.73
1972 168.94
1973 179.5
1974 192.99
1975 215.33
1976 234.46
1977 256.17
1978 289.6
1979 310.95
1980 341.29
1981 389.5
1982 425.07
1983 466.07
1984 508.96
1985 550.48
1986 581.46
1987 600.78
1988 631.57
1989 669.35
1990 713.65
1991 791.44
1992 854.09
1993 869.97
1994 905.42
1995 927.77
1996 947.35
1997 945.57
1998 961.15
1999 949.5
2000 961.97
2001 971.37
2002 997.2
2003 1,017.96
2004 1,030.91
2005 1,033.8
2006 1,042.94
2007 1,060
2008 1,096.6
2009 1,106.48
2010 1,112.85
2011 1,138.86
2012 1,164.92
2013 1,164.29
2014 1,165.88
2015 1,162.21
2016 1,162.81
2017 1,183.05
2018 1,203.59
2019 1,228.16
Today 1,229.35