Value of 1964 Swedish Kronor today

kr100 in 1964

kr1,067.65 today

The inflation rate in Sweden between 1964 and today has been 967.65%, which translates into a total increase of kr967.65. This means that 100 kronor in 1964 are equivalent to 1,067.65 kronor in 2018. In other words, the purchasing power of kr100 in 1964 equals kr1,067.65 today. The average annual inflation rate has been 4.4%.

Inflation timeline in Sweden (1964-2019)

The following chart ilustrates the equivalence of kr100 throughout the years due to inflation and CPI changes. All values are equivalent in terms of purchashing 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 (1964-2018) 946.28%
Total Inflation* 967.65%
Annual inflation avg. (1964-2018) 4.44%
Annual inflation avg.* 4.4%
CPI 1964 9.92
CPI 2018 103.79
CPI today* 105.91
kr1 in 1964 kr10.46 in 2018

* 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 54 years between 1964 and 2018 and the average inflation rate has been 4.3996%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = kr100 * (1 + 0.04)54 = kr1,046.28

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 1964 was 9.92 and the CPI today is 105.91. Therefore,

Final value = Initial value *
CPI final/CPI initial
= kr100 *
103.79/9.92
= kr1,046.28

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 1964 kr10.68 kronor today
kr5 kronor in 1964 kr53.38 kronor today
kr10 kronor in 1964 kr106.77 kronor today
kr50 kronor in 1964 kr533.83 kronor today
kr100 kronor in 1964 kr1,067.65 kronor today
kr500 kronor in 1964 kr5,338.27 kronor today
kr1,000 kronor in 1964 kr10,676.54 kronor today
kr5,000 kronor in 1964 kr53,382.71 kronor today
kr10,000 kronor in 1964 kr106,765.41 kronor today
kr50,000 kronor in 1964 kr533,827.05 kronor today
kr100,000 kronor in 1964 kr1,067,654.1 kronor today
kr500,000 kronor in 1964 kr5,338,270.5 kronor today
kr1,000,000 kronor in 1964 kr10,676,541.01 kronor today

Value of Krona in time (by year)

Period Value
1964 100
1965 103.9
1966 110.11
1967 115.77
1968 119.7
1969 122.11
1970 126.82
1971 137.11
1972 146.86
1973 156.04
1974 167.77
1975 187.19
1976 203.81
1977 222.69
1978 251.75
1979 270.31
1980 296.68
1981 338.6
1982 369.51
1983 405.16
1984 442.44
1985 478.54
1986 505.46
1987 522.26
1988 549.02
1989 581.87
1990 620.38
1991 688
1992 742.46
1993 756.27
1994 787.09
1995 806.52
1996 823.53
1997 821.99
1998 835.53
1999 825.4
2000 836.24
2001 844.41
2002 866.87
2003 884.92
2004 896.18
2005 898.68
2006 906.63
2007 921.46
2008 953.28
2009 961.87
2010 967.4
2011 990.02
2012 1,012.67
2013 1,012.12
2014 1,013.5
2015 1,010.32
2016 1,010.83
2017 1,028.43
2018 1,046.28
Today 1,067.65