kr

Value of 1978 Swedish Kronor today

kr100 in 1978
kr507.17 in 2024

The inflation rate in Sweden between 1978 and today has been 407.17%, which translates into a total increase of kr407.17. This means that 100 kronor in 1978 are equivalent to 507.17 kronor in 2024. In other words, the purchasing power of kr100 in 1978 equals kr507.17 today. The average annual inflation rate between these periods has been 3.59%.

Inflation timeline in Sweden (1978 - 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 1978-2023 392.16%
Cumulative inflation 1978-today 407.17%
Avg. Annual inflation 1978-2023 3.6%
CPI 1978 26.18
CPI 2023 128.84
CPI 2024-02 (latest official data) 132.05
CPI today 132.77

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 1978 and 2023, use the corresponding CPI values:

Value2023
=Value1978 ×
CPI2023/CPI1978
=kr 100 ×
128.84/26.18
kr492.16

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 132.77:

Valuetoday
=Value1978 ×
CPItoday/CPI1978
=kr 100 ×
132.77/26.18
kr507.17

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 45 years between 1978 and 2023 and the average inflation rate was 3.6049%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=kr100 × (1 + 0.036049)45
kr492.16

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 1978 kr4.92 kronor in 2023
kr5 kronor in 1978 kr24.61 kronor in 2023
kr10 kronor in 1978 kr49.22 kronor in 2023
kr50 kronor in 1978 kr246.08 kronor in 2023
kr100 kronor in 1978 kr492.16 kronor in 2023
kr500 kronor in 1978 kr2,460.79 kronor in 2023
kr1,000 kronor in 1978 kr4,921.58 kronor in 2023
kr5,000 kronor in 1978 kr24,607.92 kronor in 2023
kr10,000 kronor in 1978 kr49,215.85 kronor in 2023
kr50,000 kronor in 1978 kr246,079.24 kronor in 2023
kr100,000 kronor in 1978 kr492,158.47 kronor in 2023
kr500,000 kronor in 1978 kr2,460,792.35 kronor in 2023
kr1,000,000 kronor in 1978 kr4,921,584.71 kronor in 2023
Cumulative inflation From 1978 407.17%
Avg. annual inflation From 1978 3.59%
CPI 1978 26.18
CPI today 132.77

Value of Krona over time (by year)

Period Value
1978 100
1979 107.21
1980 121.9
1981 136.66
1982 148.4
1983 161.56
1984 174.56
1985 187.43
1986 195.37
1987 203.55
1988 215.41
1989 229.29
1990 253.06
1991 276.96
1992 283.54
1993 296.94
1994 303.35
1995 310.8
1996 312.46
1997 314.51
1998 313.67
1999 315.12
2000 317.96
2001 325.61
2002 332.63
2003 339.04
2004 340.31
2005 341.85
2006 346.5
2007 354.16
2008 366.34
2009 364.52
2010 368.75
2011 379.66
2012 383.04
2013 382.87
2014 382.18
2015 382
2016 385.76
2017 392.68
2018 400.35
2019 407.5
2020 409.52
2021 418.38
2022 453.4
2023 492.16
2024-02 504.42
Today 507.17

All available years

Today's value of swedish kronor by year:

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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