kr

Value of 1966 Swedish Kronor today

kr100 in 1966
kr1,026.41 in 2022

The inflation rate in Sweden between 1966 and today has been 926.41%, which translates into a total increase of kr926.41. This means that 100 kronor in 1966 are equivalent to 1,026.41 kronor in 2022. In other words, the purchasing power of kr100 in 1966 equals kr1,026.41 today. The average annual inflation rate between these periods has been 4.25%.

Inflation timeline in Sweden (1966 - 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 1966-2021 868.46%
Cumulative inflation 1966-today 926.41%
Avg. Annual inflation 1966-2021 4.21%
CPI 1966 11.31
CPI 2021 109.52
CPI 2022-04 (latest official data) 115.53
CPI today 116.08

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 1966 and 2021, use the corresponding CPI values:

Value2021
=Value1966 ×
CPI2021/CPI1966
=kr 100 ×
109.52/11.31
kr968.46

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 116.08:

Valuetoday
=Value1966 ×
CPItoday/CPI1966
=kr 100 ×
116.08/11.31
kr1,026.41

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 55 years between 1966 and 2021 and the average inflation rate was 4.2147%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=kr100 × (1 + 0.042147)55
kr968.46

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 1966 kr9.68 kronor in 2021
kr5 kronor in 1966 kr48.42 kronor in 2021
kr10 kronor in 1966 kr96.85 kronor in 2021
kr50 kronor in 1966 kr484.23 kronor in 2021
kr100 kronor in 1966 kr968.46 kronor in 2021
kr500 kronor in 1966 kr4,842.32 kronor in 2021
kr1,000 kronor in 1966 kr9,684.64 kronor in 2021
kr5,000 kronor in 1966 kr48,423.21 kronor in 2021
kr10,000 kronor in 1966 kr96,846.42 kronor in 2021
kr50,000 kronor in 1966 kr484,232.1 kronor in 2021
kr100,000 kronor in 1966 kr968,464.19 kronor in 2021
kr500,000 kronor in 1966 kr4,842,320.97 kronor in 2021
kr1,000,000 kronor in 1966 kr9,684,641.95 kronor in 2021
Cumulative inflation From 1966 926.41%
Avg. annual inflation From 1966 4.25%
CPI 1966 11.31
CPI today 116.08

Value of Krona over time (by year)

Period Value
1966 100
1967 104.29
1968 106.32
1969 109.18
1970 116.84
1971 125.48
1972 133.02
1973 141.95
1974 156.02
1975 171.28
1976 188.84
1977 210.44
1978 231.48
1979 248.17
1980 282.18
1981 316.34
1982 343.51
1983 373.99
1984 404.07
1985 433.86
1986 452.24
1987 471.18
1988 498.63
1989 530.76
1990 585.78
1991 641.1
1992 656.32
1993 687.36
1994 702.19
1995 719.43
1996 723.26
1997 728.03
1998 726.08
1999 729.44
2000 736
2001 753.7
2002 769.97
2003 784.8
2004 787.73
2005 791.3
2006 802.07
2007 819.81
2008 847.99
2009 843.79
2010 853.56
2011 878.84
2012 886.65
2013 886.25
2014 884.66
2015 884.25
2016 892.95
2017 908.97
2018 926.73
2019 943.27
2020 947.96
2021 968.46
2022-04 1,021.6
Today 1,026.41

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 |

Other currencies: