Value of 1971 Swedish Kronor today

kr100 in 1971

kr779.63 in 2019

The inflation rate in Sweden between 1971 and today has been 679.63%, which translates into a total increase of kr679.63. This means that 100 kronor in 1971 are equivalent to 779.63 kronor in 2019. In other words, the purchasing power of kr100 in 1971 equals kr779.63 today. The average annual inflation rate has been 4.28%.

Inflation timeline in Sweden (1971-2019)

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 (1971-2019) 678.66%
Total Inflation* 679.63%
Annual inflation avg. (1971-2019) 4.37%
Annual inflation avg.* 4.28%
CPI 1971 13.6
CPI 2019 105.91
CPI today* 106.04
kr1 in 1971 kr7.79 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 48 years between 1971 and 2019 and the average inflation rate has been 4.2802%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = kr100 * (1 + 0.04)48 = kr778.66

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 1971 was 13.6 and the CPI today is 106.04. Therefore,

Final value = Initial value *
CPI final/CPI initial
= kr100 *
105.91/13.6
= kr778.66

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 1971 kr7.8 kronor today
kr5 kronor in 1971 kr38.98 kronor today
kr10 kronor in 1971 kr77.96 kronor today
kr50 kronor in 1971 kr389.81 kronor today
kr100 kronor in 1971 kr779.63 kronor today
kr500 kronor in 1971 kr3,898.15 kronor today
kr1,000 kronor in 1971 kr7,796.29 kronor today
kr5,000 kronor in 1971 kr38,981.46 kronor today
kr10,000 kronor in 1971 kr77,962.92 kronor today
kr50,000 kronor in 1971 kr389,814.6 kronor today
kr100,000 kronor in 1971 kr779,629.2 kronor today
kr500,000 kronor in 1971 kr3,898,145.99 kronor today
kr1,000,000 kronor in 1971 kr7,796,291.98 kronor today

Value of Krona in time (by year)

Period Value
1971 100
1972 107.11
1973 113.8
1974 122.36
1975 136.52
1976 148.65
1977 162.41
1978 183.61
1979 197.14
1980 216.38
1981 246.95
1982 269.49
1983 295.49
1984 322.68
1985 349.01
1986 368.65
1987 380.89
1988 400.42
1989 424.37
1990 452.46
1991 501.77
1992 541.5
1993 551.56
1994 574.04
1995 588.21
1996 600.62
1997 599.5
1998 609.37
1999 601.98
2000 609.89
2001 615.85
2002 632.23
2003 645.39
2004 653.6
2005 655.43
2006 661.23
2007 672.04
2008 695.25
2009 701.51
2010 705.55
2011 722.04
2012 738.56
2013 738.16
2014 739.17
2015 736.85
2016 737.22
2017 750.06
2018 763.08
2019 778.66
Today 779.63