Value of 1961 Swedish Kronor today

kr100 in 1961

kr1,183.86 in 2019

The inflation rate in Sweden between 1961 and today has been 1,083.86%, which translates into a total increase of kr1,083.86. This means that 100 kronor in 1961 are equivalent to 1,183.86 kronor in 2019. In other words, the purchasing power of kr100 in 1961 equals kr1,183.86 today. The average annual inflation rate has been 4.28%.

Inflation timeline in Sweden (1961-2019)

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 (1961-2019) 1,082.78%
Total Inflation* 1,083.86%
Annual inflation avg. (1961-2019) 4.35%
Annual inflation avg.* 4.28%
CPI 1961 8.95
CPI 2019 105.91
CPI today* 106.01
kr1 in 1961 kr11.83 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 58 years between 1961 and 2019 and the average inflation rate has been 4.2777%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = kr100 * (1 + 0.04)58 = kr1,182.78

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 1961 was 8.95 and the CPI today is 106.01. Therefore,

Final value = Initial value *
CPI final/CPI initial
= kr100 *
105.91/8.95
= kr1,182.78

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 1961 kr11.84 kronor today
kr5 kronor in 1961 kr59.19 kronor today
kr10 kronor in 1961 kr118.39 kronor today
kr50 kronor in 1961 kr591.93 kronor today
kr100 kronor in 1961 kr1,183.86 kronor today
kr500 kronor in 1961 kr5,919.29 kronor today
kr1,000 kronor in 1961 kr11,838.58 kronor today
kr5,000 kronor in 1961 kr59,192.89 kronor today
kr10,000 kronor in 1961 kr118,385.78 kronor today
kr50,000 kronor in 1961 kr591,928.9 kronor today
kr100,000 kronor in 1961 kr1,183,857.8 kronor today
kr500,000 kronor in 1961 kr5,919,288.98 kronor today
kr1,000,000 kronor in 1961 kr11,838,577.96 kronor today

Value of Krona in time (by year)

Period Value
1961 100
1962 102.28
1963 107.45
1964 110.78
1965 115.1
1966 121.98
1967 128.25
1968 132.61
1969 135.27
1970 140.5
1971 151.9
1972 162.7
1973 172.86
1974 185.86
1975 207.38
1976 225.79
1977 246.71
1978 278.9
1979 299.46
1980 328.68
1981 375.11
1982 409.36
1983 448.85
1984 490.16
1985 530.15
1986 559.98
1987 578.58
1988 608.23
1989 644.62
1990 687.28
1991 762.2
1992 822.54
1993 837.83
1994 871.97
1995 893.5
1996 912.35
1997 910.64
1998 925.64
1999 914.42
2000 926.43
2001 935.48
2002 960.36
2003 980.35
2004 992.82
2005 995.6
2006 1,004.41
2007 1,020.84
2008 1,056.08
2009 1,065.6
2010 1,071.73
2011 1,096.79
2012 1,121.88
2013 1,121.27
2014 1,122.8
2015 1,119.27
2016 1,119.84
2017 1,139.34
2018 1,159.12
2019 1,182.78
Today 1,183.86