Value of 1973 Swedish Kronor today

kr100 in 1973

kr684.85 in 2019

The inflation rate in Sweden between 1973 and today has been 584.85%, which translates into a total increase of kr584.85. This means that 100 kronor in 1973 are equivalent to 684.85 kronor in 2019. In other words, the purchasing power of kr100 in 1973 equals kr684.85 today. The average annual inflation rate has been 4.18%.

Inflation timeline in Sweden (1973-2019)

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 (1973-2019) 584.23%
Total Inflation* 584.85%
Annual inflation avg. (1973-2019) 4.27%
Annual inflation avg.* 4.18%
CPI 1973 15.48
CPI 2019 105.91
CPI today* 106.01
kr1 in 1973 kr6.84 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 46 years between 1973 and 2019 and the average inflation rate has been 4.1786%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = kr100 * (1 + 0.04)46 = kr684.23

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 1973 was 15.48 and the CPI today is 106.01. Therefore,

Final value = Initial value *
CPI final/CPI initial
= kr100 *
105.91/15.48
= kr684.23

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 1973 kr6.85 kronor today
kr5 kronor in 1973 kr34.24 kronor today
kr10 kronor in 1973 kr68.48 kronor today
kr50 kronor in 1973 kr342.42 kronor today
kr100 kronor in 1973 kr684.85 kronor today
kr500 kronor in 1973 kr3,424.25 kronor today
kr1,000 kronor in 1973 kr6,848.49 kronor today
kr5,000 kronor in 1973 kr34,242.46 kronor today
kr10,000 kronor in 1973 kr68,484.92 kronor today
kr50,000 kronor in 1973 kr342,424.58 kronor today
kr100,000 kronor in 1973 kr684,849.15 kronor today
kr500,000 kronor in 1973 kr3,424,245.77 kronor today
kr1,000,000 kronor in 1973 kr6,848,491.54 kronor today

Value of Krona in time (by year)

Period Value
1973 100
1974 107.52
1975 119.97
1976 130.62
1977 142.72
1978 161.34
1979 173.23
1980 190.14
1981 217
1982 236.81
1983 259.66
1984 283.55
1985 306.68
1986 323.94
1987 334.7
1988 351.86
1989 372.91
1990 397.59
1991 440.92
1992 475.83
1993 484.67
1994 504.42
1995 516.88
1996 527.78
1997 526.79
1998 535.47
1999 528.98
2000 535.93
2001 541.16
2002 555.56
2003 567.12
2004 574.34
2005 575.95
2006 581.04
2007 590.54
2008 610.93
2009 616.44
2010 619.98
2011 634.48
2012 648.99
2013 648.64
2014 649.53
2015 647.49
2016 647.82
2017 659.1
2018 670.54
2019 684.23
Today 684.85