kr

Value of 1962 Swedish Kronor today

kr100 in 1962
kr1,233.92 in 2022

The inflation rate in Sweden between 1962 and today has been 1,133.92%, which translates into a total increase of kr1,133.92. This means that 100 kronor in 1962 are equivalent to 1,233.92 kronor in 2022. In other words, the purchasing power of kr100 in 1962 equals kr1,233.92 today. The average annual inflation rate between these periods has been 4.28%.

Inflation timeline in Sweden (1962 - 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 1962-2021 1,050.94%
Cumulative inflation 1962-today 1,133.92%
Avg. Annual inflation 1962-2021 4.23%
CPI 1962 9.52
CPI 2021 109.52
CPI 2022-05 (latest official data) 116.75
CPI today 117.42

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 1962 and 2021, use the corresponding CPI values:

Value2021
=Value1962 ×
CPI2021/CPI1962
=kr 100 ×
109.52/9.52
kr1,150.94

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 117.42:

Valuetoday
=Value1962 ×
CPItoday/CPI1962
=kr 100 ×
117.42/9.52
kr1,233.92

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 59 years between 1962 and 2021 and the average inflation rate was 4.2279%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=kr100 × (1 + 0.042279)59
kr1,150.94

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 1962 kr11.51 kronor in 2021
kr5 kronor in 1962 kr57.55 kronor in 2021
kr10 kronor in 1962 kr115.09 kronor in 2021
kr50 kronor in 1962 kr575.47 kronor in 2021
kr100 kronor in 1962 kr1,150.94 kronor in 2021
kr500 kronor in 1962 kr5,754.69 kronor in 2021
kr1,000 kronor in 1962 kr11,509.37 kronor in 2021
kr5,000 kronor in 1962 kr57,546.85 kronor in 2021
kr10,000 kronor in 1962 kr115,093.7 kronor in 2021
kr50,000 kronor in 1962 kr575,468.51 kronor in 2021
kr100,000 kronor in 1962 kr1,150,937.03 kronor in 2021
kr500,000 kronor in 1962 kr5,754,685.15 kronor in 2021
kr1,000,000 kronor in 1962 kr11,509,370.3 kronor in 2021
Cumulative inflation From 1962 1,133.92%
Avg. annual inflation From 1962 4.28%
CPI 1962 9.52
CPI today 117.42

Value of Krona over time (by year)

Period Value
1962 100
1963 102.87
1964 106.36
1965 111.69
1966 118.84
1967 123.94
1968 126.35
1969 129.75
1970 138.85
1971 149.12
1972 158.08
1973 168.7
1974 185.42
1975 203.55
1976 224.42
1977 250.09
1978 275.09
1979 294.92
1980 335.35
1981 375.94
1982 408.23
1983 444.45
1984 480.2
1985 515.61
1986 537.45
1987 559.96
1988 592.58
1989 630.76
1990 696.15
1991 761.89
1992 779.98
1993 816.86
1994 834.49
1995 854.98
1996 859.54
1997 865.2
1998 862.89
1999 866.87
2000 874.67
2001 895.71
2002 915.05
2003 932.67
2004 936.15
2005 940.39
2006 953.19
2007 974.27
2008 1,007.76
2009 1,002.78
2010 1,014.39
2011 1,044.42
2012 1,053.7
2013 1,053.24
2014 1,051.34
2015 1,050.85
2016 1,061.2
2017 1,080.24
2018 1,101.34
2019 1,120.99
2020 1,126.57
2021 1,150.94
2022-05 1,226.83
Today 1,233.92

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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