Value of 1978 Swedish Kronor today

kr100 in 1978

kr424.62 in 2019

The inflation rate in Sweden between 1978 and today has been 324.62%, which translates into a total increase of kr324.62. This means that 100 kronor in 1978 are equivalent to 424.62 kronor in 2019. In other words, the purchasing power of kr100 in 1978 equals kr424.62 today. The average annual inflation rate has been 3.5%.

Inflation timeline in Sweden (1978-2019)

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 (1978-2019) 324.09%
Total Inflation* 324.62%
Annual inflation avg. (1978-2019) 3.59%
Annual inflation avg.* 3.5%
CPI 1978 24.97
CPI 2019 105.91
CPI today* 106.04
kr1 in 1978 kr4.24 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 41 years between 1978 and 2019 and the average inflation rate has been 3.5029%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = kr100 * (1 + 0.04)41 = kr424.09

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 1978 was 24.97 and the CPI today is 106.04. Therefore,

Final value = Initial value *
CPI final/CPI initial
= kr100 *
105.91/24.97
= kr424.09

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 1978 kr4.25 kronor today
kr5 kronor in 1978 kr21.23 kronor today
kr10 kronor in 1978 kr42.46 kronor today
kr50 kronor in 1978 kr212.31 kronor today
kr100 kronor in 1978 kr424.62 kronor today
kr500 kronor in 1978 kr2,123.1 kronor today
kr1,000 kronor in 1978 kr4,246.2 kronor today
kr5,000 kronor in 1978 kr21,230.98 kronor today
kr10,000 kronor in 1978 kr42,461.97 kronor today
kr50,000 kronor in 1978 kr212,309.84 kronor today
kr100,000 kronor in 1978 kr424,619.67 kronor today
kr500,000 kronor in 1978 kr2,123,098.37 kronor today
kr1,000,000 kronor in 1978 kr4,246,196.75 kronor today

Value of Krona in time (by year)

Period Value
1978 100
1979 107.37
1980 117.85
1981 134.5
1982 146.78
1983 160.94
1984 175.75
1985 190.08
1986 200.78
1987 207.45
1988 218.08
1989 231.13
1990 246.43
1991 273.29
1992 294.92
1993 300.4
1994 312.65
1995 320.37
1996 327.13
1997 326.51
1998 331.89
1999 327.87
2000 332.17
2001 335.42
2002 344.34
2003 351.51
2004 355.98
2005 356.98
2006 360.13
2007 366.02
2008 378.66
2009 382.07
2010 384.27
2011 393.26
2012 402.25
2013 402.03
2014 402.58
2015 401.32
2016 401.52
2017 408.51
2018 415.61
2019 424.09
Today 424.62