Value of 1974 Swedish Kronor today

kr100 in 1974

kr636.4 today

The inflation rate in Sweden between 1974 and today has been 536.4%, which translates into a total increase of kr536.4. This means that 100 kronor in 1974 are equivalent to 636.4 kronor in 2018. In other words, the purchasing power of kr100 in 1974 equals kr636.4 today. The average annual inflation rate has been 4.2%.

Inflation timeline in Sweden (1974-2019)

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 (1974-2018) 523.66%
Total Inflation* 536.4%
Annual inflation avg. (1974-2018) 4.25%
Annual inflation avg.* 4.2%
CPI 1974 16.64
CPI 2018 103.79
CPI today* 105.91
kr1 in 1974 kr6.24 in 2018

* 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 44 years between 1974 and 2018 and the average inflation rate has been 4.1983%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = kr100 * (1 + 0.04)44 = kr623.66

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 1974 was 16.64 and the CPI today is 105.91. Therefore,

Final value = Initial value *
CPI final/CPI initial
= kr100 *
103.79/16.64
= kr623.66

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 1974 kr6.36 kronor today
kr5 kronor in 1974 kr31.82 kronor today
kr10 kronor in 1974 kr63.64 kronor today
kr50 kronor in 1974 kr318.2 kronor today
kr100 kronor in 1974 kr636.4 kronor today
kr500 kronor in 1974 kr3,181.99 kronor today
kr1,000 kronor in 1974 kr6,363.98 kronor today
kr5,000 kronor in 1974 kr31,819.9 kronor today
kr10,000 kronor in 1974 kr63,639.8 kronor today
kr50,000 kronor in 1974 kr318,199 kronor today
kr100,000 kronor in 1974 kr636,398 kronor today
kr500,000 kronor in 1974 kr3,181,989.99 kronor today
kr1,000,000 kronor in 1974 kr6,363,979.98 kronor today

Value of Krona in time (by year)

Period Value
1974 100
1975 111.58
1976 121.49
1977 132.74
1978 150.06
1979 161.12
1980 176.84
1981 201.83
1982 220.25
1983 241.5
1984 263.73
1985 285.24
1986 301.29
1987 311.3
1988 327.26
1989 346.84
1990 369.79
1991 410.1
1992 442.56
1993 450.79
1994 469.16
1995 480.74
1996 490.89
1997 489.96
1998 498.04
1999 492
2000 498.46
2001 503.33
2002 516.72
2003 527.47
2004 534.18
2005 535.68
2006 540.42
2007 549.26
2008 568.22
2009 573.34
2010 576.64
2011 590.12
2012 603.62
2013 603.29
2014 604.12
2015 602.22
2016 602.53
2017 613.02
2018 623.66
Today 636.4