kr

Value of 1968 Swedish Kronor today

kr100 in 1968
kr1,107.16 in 2024

The inflation rate in Sweden between 1968 and today has been 1,007.16%, which translates into a total increase of kr1,007.16. This means that 100 kronor in 1968 are equivalent to 1,107.16 kronor in 2024. In other words, the purchasing power of kr100 in 1968 equals kr1,107.16 today. The average annual inflation rate between these periods has been 4.39%.

Inflation timeline in Sweden (1968 - 2024)

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 1968-2023 971.56%
Cumulative inflation 1968-today 1,007.16%
Avg. Annual inflation 1968-2023 4.41%
CPI 1968 12.02
CPI 2023 128.84
CPI 2024-05 (latest official data) 132.82
CPI today 133.12

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 1968 and 2023, use the corresponding CPI values:

Value2023
=Value1968 ×
CPI2023/CPI1968
=kr 100 ×
128.84/12.02
kr1,071.56

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 133.12:

Valuetoday
=Value1968 ×
CPItoday/CPI1968
=kr 100 ×
133.12/12.02
kr1,107.16

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 1968 and 2023 and the average inflation rate was 4.4065%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=kr100 × (1 + 0.044065)55
kr1,071.56

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 1968 kr10.72 kronor in 2023
kr5 kronor in 1968 kr53.58 kronor in 2023
kr10 kronor in 1968 kr107.16 kronor in 2023
kr50 kronor in 1968 kr535.78 kronor in 2023
kr100 kronor in 1968 kr1,071.56 kronor in 2023
kr500 kronor in 1968 kr5,357.8 kronor in 2023
kr1,000 kronor in 1968 kr10,715.59 kronor in 2023
kr5,000 kronor in 1968 kr53,577.97 kronor in 2023
kr10,000 kronor in 1968 kr107,155.93 kronor in 2023
kr50,000 kronor in 1968 kr535,779.66 kronor in 2023
kr100,000 kronor in 1968 kr1,071,559.33 kronor in 2023
kr500,000 kronor in 1968 kr5,357,796.65 kronor in 2023
kr1,000,000 kronor in 1968 kr10,715,593.29 kronor in 2023
Cumulative inflation From 1968 1,007.16%
Avg. annual inflation From 1968 4.39%
CPI 1968 12.02
CPI today 133.12

Value of Krona over time (by year)

Period Value
1968 100
1969 102.69
1970 109.9
1971 118.02
1972 125.11
1973 133.52
1974 146.75
1975 161.11
1976 177.62
1977 197.94
1978 217.73
1979 233.42
1980 265.42
1981 297.54
1982 323.1
1983 351.77
1984 380.07
1985 408.09
1986 425.37
1987 443.19
1988 469.01
1989 499.23
1990 550.98
1991 603.02
1992 617.33
1993 646.52
1994 660.47
1995 676.69
1996 680.3
1997 684.78
1998 682.95
1999 686.1
2000 692.27
2001 708.93
2002 724.23
2003 738.18
2004 740.94
2005 744.29
2006 754.42
2007 771.11
2008 797.61
2009 793.67
2010 802.86
2011 826.63
2012 833.97
2013 833.6
2014 832.11
2015 831.72
2016 839.9
2017 854.98
2018 871.68
2019 887.23
2020 891.64
2021 910.93
2022 987.17
2023 1,071.56
2024-05 1,104.67
Today 1,107.16

All available years

Today's value of swedish kronor by year:

1955 | 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 | 2022 | 2023 |

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