Value of 1984 Swedish Kronor today

kr100 in 1984

kr241.54 in 2019

The inflation rate in Sweden between 1984 and today has been 141.54%, which translates into a total increase of kr141.54. This means that 100 kronor in 1984 are equivalent to 241.54 kronor in 2019. In other words, the purchasing power of kr100 in 1984 equals kr241.54 today. The average annual inflation rate has been 2.48%.

Inflation timeline in Sweden (1984-2019)

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 (1984-2019) 141.31%
Total Inflation* 141.54%
Annual inflation avg. (1984-2019) 2.55%
Annual inflation avg.* 2.48%
CPI 1984 43.89
CPI 2019 105.91
CPI today* 106.01
kr1 in 1984 kr2.41 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 35 years between 1984 and 2019 and the average inflation rate has been 2.4799%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = kr100 * (1 + 0.02)35 = kr241.31

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 1984 was 43.89 and the CPI today is 106.01. Therefore,

Final value = Initial value *
CPI final/CPI initial
= kr100 *
105.91/43.89
= kr241.31

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 1984 kr2.42 kronor today
kr5 kronor in 1984 kr12.08 kronor today
kr10 kronor in 1984 kr24.15 kronor today
kr50 kronor in 1984 kr120.77 kronor today
kr100 kronor in 1984 kr241.54 kronor today
kr500 kronor in 1984 kr1,207.7 kronor today
kr1,000 kronor in 1984 kr2,415.4 kronor today
kr5,000 kronor in 1984 kr12,077 kronor today
kr10,000 kronor in 1984 kr24,153.99 kronor today
kr50,000 kronor in 1984 kr120,769.96 kronor today
kr100,000 kronor in 1984 kr241,539.93 kronor today
kr500,000 kronor in 1984 kr1,207,699.64 kronor today
kr1,000,000 kronor in 1984 kr2,415,399.28 kronor today

Value of Krona in time (by year)

Period Value
1984 100
1985 108.16
1986 114.24
1987 118.04
1988 124.09
1989 131.51
1990 140.22
1991 155.5
1992 167.81
1993 170.93
1994 177.9
1995 182.29
1996 186.13
1997 185.78
1998 188.85
1999 186.56
2000 189.01
2001 190.85
2002 195.93
2003 200.01
2004 202.55
2005 203.12
2006 204.92
2007 208.27
2008 215.46
2009 217.4
2010 218.65
2011 223.76
2012 228.88
2013 228.76
2014 229.07
2015 228.35
2016 228.47
2017 232.44
2018 236.48
2019 241.31
Today 241.54