Value of 1968 Swedish Kronor today

kr100 in 1968

kr892.84 in 2019

The inflation rate in Sweden between 1968 and today has been 792.84%, which translates into a total increase of kr792.84. This means that 100 kronor in 1968 are equivalent to 892.84 kronor in 2019. In other words, the purchasing power of kr100 in 1968 equals kr892.84 today. The average annual inflation rate has been 4.3%.

Inflation timeline in Sweden (1968-2019)

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 (1968-2019) 791.93%
Total Inflation* 792.84%
Annual inflation avg. (1968-2019) 4.38%
Annual inflation avg.* 4.3%
CPI 1968 11.87
CPI 2019 105.91
CPI today* 106.02
kr1 in 1968 kr8.92 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 51 years between 1968 and 2019 and the average inflation rate has been 4.3%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = kr100 * (1 + 0.04)51 = kr891.93

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 1968 was 11.87 and the CPI today is 106.02. Therefore,

Final value = Initial value *
CPI final/CPI initial
= kr100 *
105.91/11.87
= kr891.93

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 1968 kr8.93 kronor today
kr5 kronor in 1968 kr44.64 kronor today
kr10 kronor in 1968 kr89.28 kronor today
kr50 kronor in 1968 kr446.42 kronor today
kr100 kronor in 1968 kr892.84 kronor today
kr500 kronor in 1968 kr4,464.21 kronor today
kr1,000 kronor in 1968 kr8,928.42 kronor today
kr5,000 kronor in 1968 kr44,642.1 kronor today
kr10,000 kronor in 1968 kr89,284.2 kronor today
kr50,000 kronor in 1968 kr446,421.02 kronor today
kr100,000 kronor in 1968 kr892,842.03 kronor today
kr500,000 kronor in 1968 kr4,464,210.17 kronor today
kr1,000,000 kronor in 1968 kr8,928,420.34 kronor today

Value of Krona in time (by year)

Period Value
1968 100
1969 102.01
1970 105.95
1971 114.55
1972 122.69
1973 130.36
1974 140.15
1975 156.38
1976 170.27
1977 186.04
1978 210.32
1979 225.82
1980 247.85
1981 282.87
1982 308.7
1983 338.48
1984 369.62
1985 399.78
1986 422.27
1987 436.3
1988 458.66
1989 486.11
1990 518.28
1991 574.77
1992 620.27
1993 631.8
1994 657.55
1995 673.78
1996 688
1997 686.71
1998 698.02
1999 689.56
2000 698.61
2001 705.44
2002 724.2
2003 739.28
2004 748.68
2005 750.78
2006 757.42
2007 769.81
2008 796.39
2009 803.56
2010 808.19
2011 827.08
2012 846
2013 845.54
2014 846.7
2015 844.04
2016 844.47
2017 859.17
2018 874.09
2019 891.93
Today 892.84