kr

Value of 1961 Swedish Kronor today

kr100 in 1961
kr1,292.47 in 2022

The inflation rate in Sweden between 1961 and today has been 1,192.47%, which translates into a total increase of kr1,192.47. This means that 100 kronor in 1961 are equivalent to 1,292.47 kronor in 2022. In other words, the purchasing power of kr100 in 1961 equals kr1,292.47 today. The average annual inflation rate between these periods has been 4.28%.

Inflation timeline in Sweden (1961 - 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 1961-2021 1,105.79%
Cumulative inflation 1961-today 1,192.47%
Avg. Annual inflation 1961-2021 4.24%
CPI 1961 9.08
CPI 2021 109.52
CPI 2022-05 (latest official data) 116.75
CPI today 117.4

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 1961 and 2021, use the corresponding CPI values:

Value2021
=Value1961 ×
CPI2021/CPI1961
=kr 100 ×
109.52/9.08
kr1,205.79

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 117.4:

Valuetoday
=Value1961 ×
CPItoday/CPI1961
=kr 100 ×
117.4/9.08
kr1,292.47

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 60 years between 1961 and 2021 and the average inflation rate was 4.2368%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=kr100 × (1 + 0.042368)60
kr1,205.79

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 1961 kr12.06 kronor in 2021
kr5 kronor in 1961 kr60.29 kronor in 2021
kr10 kronor in 1961 kr120.58 kronor in 2021
kr50 kronor in 1961 kr602.9 kronor in 2021
kr100 kronor in 1961 kr1,205.79 kronor in 2021
kr500 kronor in 1961 kr6,028.97 kronor in 2021
kr1,000 kronor in 1961 kr12,057.93 kronor in 2021
kr5,000 kronor in 1961 kr60,289.65 kronor in 2021
kr10,000 kronor in 1961 kr120,579.31 kronor in 2021
kr50,000 kronor in 1961 kr602,896.53 kronor in 2021
kr100,000 kronor in 1961 kr1,205,793.05 kronor in 2021
kr500,000 kronor in 1961 kr6,028,965.25 kronor in 2021
kr1,000,000 kronor in 1961 kr12,057,930.51 kronor in 2021
Cumulative inflation From 1961 1,192.47%
Avg. annual inflation From 1961 4.28%
CPI 1961 9.08
CPI today 117.4

Value of Krona over time (by year)

Period Value
1961 100
1962 104.77
1963 107.77
1964 111.43
1965 117.01
1966 124.51
1967 129.85
1968 132.37
1969 135.93
1970 145.47
1971 156.23
1972 165.61
1973 176.74
1974 194.26
1975 213.26
1976 235.11
1977 262.01
1978 288.2
1979 308.98
1980 351.33
1981 393.86
1982 427.69
1983 465.63
1984 503.09
1985 540.18
1986 563.06
1987 586.65
1988 620.82
1989 660.82
1990 729.33
1991 798.21
1992 817.16
1993 855.8
1994 874.27
1995 895.73
1996 900.51
1997 906.43
1998 904.01
1999 908.19
2000 916.36
2001 938.4
2002 958.66
2003 977.12
2004 980.77
2005 985.22
2006 998.62
2007 1,020.71
2008 1,055.79
2009 1,050.57
2010 1,062.74
2011 1,094.2
2012 1,103.93
2013 1,103.44
2014 1,101.45
2015 1,100.94
2016 1,111.78
2017 1,131.73
2018 1,153.83
2019 1,174.42
2020 1,180.26
2021 1,205.79
2022-05 1,285.31
Today 1,292.47

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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