Value of 1994 Swedish Kronor today

kr100 in 1994

kr135.8 in 2019

The inflation rate in Sweden between 1994 and today has been 35.8%, which translates into a total increase of kr35.8. This means that 100 kronor in 1994 are equivalent to 135.8 kronor in 2019. In other words, the purchasing power of kr100 in 1994 equals kr135.8 today. The average annual inflation rate has been 1.18%.

Inflation timeline in Sweden (1994-2019)

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 (1994-2019) 35.65%
Total Inflation* 35.8%
Annual inflation avg. (1994-2019) 1.23%
Annual inflation avg.* 1.18%
CPI 1994 78.08
CPI 2019 105.91
CPI today* 106.03
kr1 in 1994 kr1.36 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 25 years between 1994 and 2019 and the average inflation rate has been 1.1839%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = kr100 * (1 + 0.01)25 = kr135.65

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 1994 was 78.08 and the CPI today is 106.03. Therefore,

Final value = Initial value *
CPI final/CPI initial
= kr100 *
105.91/78.08
= kr135.65

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 1994 kr1.36 kronor today
kr5 kronor in 1994 kr6.79 kronor today
kr10 kronor in 1994 kr13.58 kronor today
kr50 kronor in 1994 kr67.9 kronor today
kr100 kronor in 1994 kr135.8 kronor today
kr500 kronor in 1994 kr679 kronor today
kr1,000 kronor in 1994 kr1,357.99 kronor today
kr5,000 kronor in 1994 kr6,789.96 kronor today
kr10,000 kronor in 1994 kr13,579.92 kronor today
kr50,000 kronor in 1994 kr67,899.6 kronor today
kr100,000 kronor in 1994 kr135,799.2 kronor today
kr500,000 kronor in 1994 kr678,996 kronor today
kr1,000,000 kronor in 1994 kr1,357,992 kronor today

Value of Krona in time (by year)

Period Value
1994 100
1995 102.47
1996 104.63
1997 104.43
1998 106.16
1999 104.87
2000 106.25
2001 107.28
2002 110.14
2003 112.43
2004 113.86
2005 114.18
2006 115.19
2007 117.07
2008 121.12
2009 122.21
2010 122.91
2011 125.78
2012 128.66
2013 128.59
2014 128.77
2015 128.36
2016 128.43
2017 130.66
2018 132.93
2019 135.65
Today 135.8