Value of 1987 Swedish Kronor today

kr100 in 1987

kr204.43 today

The inflation rate in Sweden between 1987 and today has been 104.43%, which translates into a total increase of kr104.43. This means that 100 kronor in 1987 are equivalent to 204.43 kronor in 2018. In other words, the purchasing power of kr100 in 1987 equals kr204.43 today. The average annual inflation rate has been 2.26%.

Inflation timeline in Sweden (1987-2019)

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 (1987-2018) 100.34%
Total Inflation* 104.43%
Annual inflation avg. (1987-2018) 2.27%
Annual inflation avg.* 2.26%
CPI 1987 51.81
CPI 2018 103.79
CPI today* 105.91
kr1 in 1987 kr2 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 31 years between 1987 and 2018 and the average inflation rate has been 2.2597%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = kr100 * (1 + 0.02)31 = kr200.34

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 1987 was 51.81 and the CPI today is 105.91. Therefore,

Final value = Initial value *
CPI final/CPI initial
= kr100 *
103.79/51.81
= kr200.34

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 1987 kr2.04 kronor today
kr5 kronor in 1987 kr10.22 kronor today
kr10 kronor in 1987 kr20.44 kronor today
kr50 kronor in 1987 kr102.22 kronor today
kr100 kronor in 1987 kr204.43 kronor today
kr500 kronor in 1987 kr1,022.15 kronor today
kr1,000 kronor in 1987 kr2,044.31 kronor today
kr5,000 kronor in 1987 kr10,221.54 kronor today
kr10,000 kronor in 1987 kr20,443.08 kronor today
kr50,000 kronor in 1987 kr102,215.39 kronor today
kr100,000 kronor in 1987 kr204,430.78 kronor today
kr500,000 kronor in 1987 kr1,022,153.9 kronor today
kr1,000,000 kronor in 1987 kr2,044,307.81 kronor today

Value of Krona in time (by year)

Period Value
1987 100
1988 105.13
1989 111.41
1990 118.79
1991 131.74
1992 142.16
1993 144.81
1994 150.71
1995 154.43
1996 157.69
1997 157.39
1998 159.99
1999 158.04
2000 160.12
2001 161.69
2002 165.98
2003 169.44
2004 171.6
2005 172.08
2006 173.6
2007 176.44
2008 182.53
2009 184.18
2010 185.23
2011 189.57
2012 193.9
2013 193.8
2014 194.06
2015 193.45
2016 193.55
2017 196.92
2018 200.34
Today 204.43