kr

Value of 1972 Swedish Kronor today

kr100 in 1972
kr883.74 in 2024

The inflation rate in Sweden between 1972 and today has been 783.74%, which translates into a total increase of kr783.74. This means that 100 kronor in 1972 are equivalent to 883.74 kronor in 2024. In other words, the purchasing power of kr100 in 1972 equals kr883.74 today. The average annual inflation rate between these periods has been 4.28%.

Inflation timeline in Sweden (1972 - 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 1972-2023 756.46%
Cumulative inflation 1972-today 783.74%
Avg. Annual inflation 1972-2023 4.3%
CPI 1972 15.04
CPI 2023 128.84
CPI 2024-04 (latest official data) 132.6
CPI today 132.94

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 1972 and 2023, use the corresponding CPI values:

Value2023
=Value1972 ×
CPI2023/CPI1972
=kr 100 ×
128.84/15.04
kr856.46

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 132.94:

Valuetoday
=Value1972 ×
CPItoday/CPI1972
=kr 100 ×
132.94/15.04
kr883.74

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 51 years between 1972 and 2023 and the average inflation rate was 4.301%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=kr100 × (1 + 0.04301)51
kr856.46

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 1972 kr8.56 kronor in 2023
kr5 kronor in 1972 kr42.82 kronor in 2023
kr10 kronor in 1972 kr85.65 kronor in 2023
kr50 kronor in 1972 kr428.23 kronor in 2023
kr100 kronor in 1972 kr856.46 kronor in 2023
kr500 kronor in 1972 kr4,282.3 kronor in 2023
kr1,000 kronor in 1972 kr8,564.6 kronor in 2023
kr5,000 kronor in 1972 kr42,822.99 kronor in 2023
kr10,000 kronor in 1972 kr85,645.98 kronor in 2023
kr50,000 kronor in 1972 kr428,229.88 kronor in 2023
kr100,000 kronor in 1972 kr856,459.77 kronor in 2023
kr500,000 kronor in 1972 kr4,282,298.83 kronor in 2023
kr1,000,000 kronor in 1972 kr8,564,597.66 kronor in 2023
Cumulative inflation From 1972 783.74%
Avg. annual inflation From 1972 4.28%
CPI 1972 15.04
CPI today 132.94

Value of Krona over time (by year)

Period Value
1972 100
1973 106.72
1974 117.3
1975 128.77
1976 141.96
1977 158.21
1978 174.02
1979 186.57
1980 212.14
1981 237.82
1982 258.24
1983 281.16
1984 303.77
1985 326.17
1986 339.99
1987 354.23
1988 374.86
1989 399.01
1990 440.38
1991 481.97
1992 493.41
1993 516.74
1994 527.89
1995 540.85
1996 543.74
1997 547.32
1998 545.86
1999 548.38
2000 553.31
2001 566.62
2002 578.85
2003 590
2004 592.2
2005 594.89
2006 602.98
2007 616.32
2008 637.5
2009 634.35
2010 641.69
2011 660.7
2012 666.57
2013 666.27
2014 665.07
2015 664.76
2016 671.31
2017 683.35
2018 696.7
2019 709.13
2020 712.66
2021 728.08
2022 789.01
2023 856.46
2024-04 881.48
Today 883.74

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 |

Other currencies: