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Value of 1993 Swedish Kronor today

kr100 in 1993
kr156.24 in 2022

The inflation rate in Sweden between 1993 and today has been 56.24%, which translates into a total increase of kr56.24. This means that 100 kronor in 1993 are equivalent to 156.24 kronor in 2022. In other words, the purchasing power of kr100 in 1993 equals kr156.24 today. The average annual inflation rate between these periods has been 1.55%.

Inflation timeline in Sweden (1993 - 2022)

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 1993-2021 40.9%
Cumulative inflation 1993-today 56.24%
Avg. Annual inflation 1993-2021 1.23%
CPI 1993 77.73
CPI 2021 109.52
CPI 2022-08 (latest official data) 120.57
CPI today 121.45

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 1993 and 2021, use the corresponding CPI values:

Value2021
=Value1993 ×
CPI2021/CPI1993
=kr 100 ×
109.52/77.73
kr140.9

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 121.45:

Valuetoday
=Value1993 ×
CPItoday/CPI1993
=kr 100 ×
121.45/77.73
kr156.24

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 28 years between 1993 and 2021 and the average inflation rate was 1.232%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=kr100 × (1 + 0.01232)28
kr140.9

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 1993 kr1.41 kronor in 2021
kr5 kronor in 1993 kr7.04 kronor in 2021
kr10 kronor in 1993 kr14.09 kronor in 2021
kr50 kronor in 1993 kr70.45 kronor in 2021
kr100 kronor in 1993 kr140.9 kronor in 2021
kr500 kronor in 1993 kr704.49 kronor in 2021
kr1,000 kronor in 1993 kr1,408.97 kronor in 2021
kr5,000 kronor in 1993 kr7,044.86 kronor in 2021
kr10,000 kronor in 1993 kr14,089.72 kronor in 2021
kr50,000 kronor in 1993 kr70,448.6 kronor in 2021
kr100,000 kronor in 1993 kr140,897.2 kronor in 2021
kr500,000 kronor in 1993 kr704,486 kronor in 2021
kr1,000,000 kronor in 1993 kr1,408,972.01 kronor in 2021
Cumulative inflation From 1993 56.24%
Avg. annual inflation From 1993 1.55%
CPI 1993 77.73
CPI today 121.45

Value of Krona over time (by year)

Period Value
1993 100
1994 102.16
1995 104.67
1996 105.22
1997 105.92
1998 105.63
1999 106.12
2000 107.08
2001 109.65
2002 112.02
2003 114.18
2004 114.6
2005 115.12
2006 116.69
2007 119.27
2008 123.37
2009 122.76
2010 124.18
2011 127.86
2012 128.99
2013 128.94
2014 128.71
2015 128.64
2016 129.91
2017 132.24
2018 134.83
2019 137.23
2020 137.91
2021 140.9
2022-08 155.11
Today 156.24

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 |

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