kr

Value of 1964 Swedish Kronor today

kr100 in 1964
kr1,147.29 in 2022

The inflation rate in Sweden between 1964 and today has been 1,047.29%, which translates into a total increase of kr1,047.29. This means that 100 kronor in 1964 are equivalent to 1,147.29 kronor in 2022. In other words, the purchasing power of kr100 in 1964 equals kr1,147.29 today. The average annual inflation rate between these periods has been 4.3%.

Inflation timeline in Sweden (1964 - 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 1964-2021 982.15%
Cumulative inflation 1964-today 1,047.29%
Avg. Annual inflation 1964-2021 4.27%
CPI 1964 10.12
CPI 2021 109.52
CPI 2022-04 (latest official data) 115.53
CPI today 116.12

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 1964 and 2021, use the corresponding CPI values:

Value2021
=Value1964 ×
CPI2021/CPI1964
=kr 100 ×
109.52/10.12
kr1,082.15

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 116.12:

Valuetoday
=Value1964 ×
CPItoday/CPI1964
=kr 100 ×
116.12/10.12
kr1,147.29

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 57 years between 1964 and 2021 and the average inflation rate was 4.2666%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=kr100 × (1 + 0.042666)57
kr1,082.15

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 1964 kr10.82 kronor in 2021
kr5 kronor in 1964 kr54.11 kronor in 2021
kr10 kronor in 1964 kr108.21 kronor in 2021
kr50 kronor in 1964 kr541.07 kronor in 2021
kr100 kronor in 1964 kr1,082.15 kronor in 2021
kr500 kronor in 1964 kr5,410.74 kronor in 2021
kr1,000 kronor in 1964 kr10,821.48 kronor in 2021
kr5,000 kronor in 1964 kr54,107.4 kronor in 2021
kr10,000 kronor in 1964 kr108,214.81 kronor in 2021
kr50,000 kronor in 1964 kr541,074.05 kronor in 2021
kr100,000 kronor in 1964 kr1,082,148.09 kronor in 2021
kr500,000 kronor in 1964 kr5,410,740.45 kronor in 2021
kr1,000,000 kronor in 1964 kr10,821,480.9 kronor in 2021
Cumulative inflation From 1964 1,047.29%
Avg. annual inflation From 1964 4.3%
CPI 1964 10.12
CPI today 116.12

Value of Krona over time (by year)

Period Value
1964 100
1965 105.01
1966 111.74
1967 116.53
1968 118.8
1969 121.99
1970 130.55
1971 140.21
1972 148.63
1973 158.62
1974 174.34
1975 191.39
1976 211
1977 235.15
1978 258.65
1979 277.3
1980 315.31
1981 353.47
1982 383.83
1983 417.89
1984 451.5
1985 484.79
1986 505.33
1987 526.49
1988 557.16
1989 593.06
1990 654.54
1991 716.36
1992 733.37
1993 768.04
1994 784.62
1995 803.88
1996 808.17
1997 813.49
1998 811.31
1999 815.06
2000 822.39
2001 842.18
2002 860.36
2003 876.92
2004 880.2
2005 884.19
2006 896.22
2007 916.04
2008 947.53
2009 942.84
2010 953.76
2011 982
2012 990.73
2013 990.29
2014 988.51
2015 988.05
2016 997.77
2017 1,015.68
2018 1,035.52
2019 1,053.99
2020 1,059.23
2021 1,082.15
2022-04 1,141.53
Today 1,147.29

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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