Value of 2004 Swedish Kronor today

kr100 in 2004

kr119.28 in 2019

The inflation rate in Sweden between 2004 and today has been 19.28%, which translates into a total increase of kr19.28. This means that 100 kronor in 2004 are equivalent to 119.28 kronor in 2019. In other words, the purchasing power of kr100 in 2004 equals kr119.28 today. The average annual inflation rate has been 1.11%.

Inflation timeline in Sweden (2004-2019)

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 (2004-2019) 19.13%
Total Inflation* 19.28%
Annual inflation avg. (2004-2019) 1.17%
Annual inflation avg.* 1.11%
CPI 2004 88.9
CPI 2019 105.91
CPI today* 106.04
kr1 in 2004 kr1.19 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 15 years between 2004 and 2019 and the average inflation rate has been 1.1081%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = kr100 * (1 + 0.01)15 = kr119.13

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 2004 was 88.9 and the CPI today is 106.04. Therefore,

Final value = Initial value *
CPI final/CPI initial
= kr100 *
105.91/88.9
= kr119.13

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 2004 kr1.19 kronor today
kr5 kronor in 2004 kr5.96 kronor today
kr10 kronor in 2004 kr11.93 kronor today
kr50 kronor in 2004 kr59.64 kronor today
kr100 kronor in 2004 kr119.28 kronor today
kr500 kronor in 2004 kr596.41 kronor today
kr1,000 kronor in 2004 kr1,192.82 kronor today
kr5,000 kronor in 2004 kr5,964.1 kronor today
kr10,000 kronor in 2004 kr11,928.2 kronor today
kr50,000 kronor in 2004 kr59,641.02 kronor today
kr100,000 kronor in 2004 kr119,282.03 kronor today
kr500,000 kronor in 2004 kr596,410.16 kronor today
kr1,000,000 kronor in 2004 kr1,192,820.32 kronor today

Value of Krona in time (by year)

Period Value
2004 100
2005 100.28
2006 101.17
2007 102.82
2008 106.37
2009 107.33
2010 107.95
2011 110.47
2012 113
2013 112.94
2014 113.09
2015 112.74
2016 112.79
2017 114.76
2018 116.75
2019 119.13
Today 119.28