kr

Value of 1995 Swedish Kronor today

kr100 in 1995
kr163.4 in 2024

The inflation rate in Sweden between 1995 and today has been 63.4%, which translates into a total increase of kr63.4. This means that 100 kronor in 1995 are equivalent to 163.4 kronor in 2024. In other words, the purchasing power of kr100 in 1995 equals kr163.4 today. The average annual inflation rate between these periods has been 1.71%.

Inflation timeline in Sweden (1995 - 2024)

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 1995-2023 58.35%
Cumulative inflation 1995-today 63.4%
Avg. Annual inflation 1995-2023 1.66%
CPI 1995 81.36
CPI 2023 128.84
CPI 2024-04 (latest official data) 132.6
CPI today 132.94

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 1995 and 2023, use the corresponding CPI values:

Value2023
=Value1995 ×
CPI2023/CPI1995
=kr 100 ×
128.84/81.36
kr158.35

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 132.94:

Valuetoday
=Value1995 ×
CPItoday/CPI1995
=kr 100 ×
132.94/81.36
kr163.4

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 1995 and 2023 and the average inflation rate was 1.6552%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=kr100 × (1 + 0.016552)28
kr158.35

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 1995 kr1.58 kronor in 2023
kr5 kronor in 1995 kr7.92 kronor in 2023
kr10 kronor in 1995 kr15.84 kronor in 2023
kr50 kronor in 1995 kr79.18 kronor in 2023
kr100 kronor in 1995 kr158.35 kronor in 2023
kr500 kronor in 1995 kr791.76 kronor in 2023
kr1,000 kronor in 1995 kr1,583.53 kronor in 2023
kr5,000 kronor in 1995 kr7,917.65 kronor in 2023
kr10,000 kronor in 1995 kr15,835.3 kronor in 2023
kr50,000 kronor in 1995 kr79,176.49 kronor in 2023
kr100,000 kronor in 1995 kr158,352.98 kronor in 2023
kr500,000 kronor in 1995 kr791,764.88 kronor in 2023
kr1,000,000 kronor in 1995 kr1,583,529.76 kronor in 2023
Cumulative inflation From 1995 63.4%
Avg. annual inflation From 1995 1.71%
CPI 1995 81.36
CPI today 132.94

Value of Krona over time (by year)

Period Value
1995 100
1996 100.53
1997 101.2
1998 100.92
1999 101.39
2000 102.3
2001 104.76
2002 107.03
2003 109.09
2004 109.49
2005 109.99
2006 111.49
2007 113.95
2008 117.87
2009 117.29
2010 118.64
2011 122.16
2012 123.24
2013 123.19
2014 122.97
2015 122.91
2016 124.12
2017 126.35
2018 128.81
2019 131.11
2020 131.77
2021 134.62
2022 145.88
2023 158.35
2024-04 162.98
Today 163.4

All available years

Today's value of swedish kronor by year:

1955 | 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 | 2022 | 2023 |

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