Value of 1963 Swedish Kronor today

kr100 in 1963

kr1,101.95 in 2019

The inflation rate in Sweden between 1963 and today has been 1,001.95%, which translates into a total increase of kr1,001.95. This means that 100 kronor in 1963 are equivalent to 1,101.95 kronor in 2019. In other words, the purchasing power of kr100 in 1963 equals kr1,101.95 today. The average annual inflation rate has been 4.3%.

Inflation timeline in Sweden (1963-2019)

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 (1963-2019) 1,000.82%
Total Inflation* 1,001.95%
Annual inflation avg. (1963-2019) 4.38%
Annual inflation avg.* 4.3%
CPI 1963 9.62
CPI 2019 105.91
CPI today* 106.02
kr1 in 1963 kr11.01 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 56 years between 1963 and 2019 and the average inflation rate has been 4.2998%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = kr100 * (1 + 0.04)56 = kr1,100.82

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 1963 was 9.62 and the CPI today is 106.02. Therefore,

Final value = Initial value *
CPI final/CPI initial
= kr100 *
105.91/9.62
= kr1,100.82

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 1963 kr11.02 kronor today
kr5 kronor in 1963 kr55.1 kronor today
kr10 kronor in 1963 kr110.19 kronor today
kr50 kronor in 1963 kr550.97 kronor today
kr100 kronor in 1963 kr1,101.95 kronor today
kr500 kronor in 1963 kr5,509.73 kronor today
kr1,000 kronor in 1963 kr11,019.46 kronor today
kr5,000 kronor in 1963 kr55,097.3 kronor today
kr10,000 kronor in 1963 kr110,194.6 kronor today
kr50,000 kronor in 1963 kr550,973.01 kronor today
kr100,000 kronor in 1963 kr1,101,946.02 kronor today
kr500,000 kronor in 1963 kr5,509,730.08 kronor today
kr1,000,000 kronor in 1963 kr11,019,460.16 kronor today

Value of Krona in time (by year)

Period Value
1963 100
1964 103.11
1965 107.13
1966 113.53
1967 119.37
1968 123.42
1969 125.9
1970 130.76
1971 141.37
1972 151.42
1973 160.89
1974 172.98
1975 193.01
1976 210.15
1977 229.61
1978 259.57
1979 278.71
1980 305.9
1981 349.12
1982 380.99
1983 417.75
1984 456.19
1985 493.41
1986 521.17
1987 538.49
1988 566.08
1989 599.95
1990 639.66
1991 709.38
1992 765.54
1993 779.77
1994 811.54
1995 831.58
1996 849.13
1997 847.53
1998 861.5
1999 851.05
2000 862.23
2001 870.65
2002 893.81
2003 912.42
2004 924.02
2005 926.61
2006 934.81
2007 950.1
2008 982.9
2009 991.76
2010 997.46
2011 1,020.78
2012 1,044.13
2013 1,043.57
2014 1,045
2015 1,041.71
2016 1,042.24
2017 1,060.39
2018 1,078.8
2019 1,100.82
Today 1,101.95