This tool is useful to calculate the time value of money based on historical inflation and CPI values. To start, select an amount and two years, or browse the default calculation results.

kr.100 in 1968

kr.863.34 in 2021

The inflation rate in Denmark between 1968 and 2021 was 763.34%, which translates into a total increase of kr.763.34. This means that **100 kroner in 1968 are equivalent to 863.34 kroner in 2021**. In other words, the purchasing power of kr.100 in 1968 equals kr.863.34 in 2021. The average annual inflation rate between these periods was 4.15%.

The following chart depicts the equivalence of danish kroner throughout the years 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 (DKK) and using 6 decimal digits. Results show only up to 2 decimal digits to favour readability.

The following table contains relevant indicators:

Indicator | Value |
---|---|

Total Inflation (1968-2021) | 763.34% |

Annual inflation avg. (1968-2021) | 4.15% |

CPI 1968 | 11.98 |

CPI 2021 | 103.4 |

kr.1 in 1968 | kr.8.63 in 2021 |

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.

Given that money changes with 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, the future value is the amount in 2021 that equals kr.100 in 1968 in terms of purchasing power. There are 53 years between 1968 and 2021 and the average inflation rate was 4.1511%. Therefore, we can resolve the formula like this:

**FV = PV (1 + i) ^{n} = kr.100 * (1 + 0.041511)^{53} = kr.863.343712 ≈ kr.863.34**

When the CPI for both start and end years is known, the following formula can be used:

Final value = Initial value *

CPI finalCPI initial

In this case, the CPI in 1968 was 11.98 and in 2021 was 103.4. Therefore,

Final value = Initial value *

CPI finalCPI initial

= kr.100 *
103.411.98

= kr.863.34
Initial Value | Equivalent value | |
---|---|---|

kr.1 krone in 1968 | kr.8.63 kroner in 2021 | |

kr.5 kroner in 1968 | kr.43.17 kroner in 2021 | |

kr.10 kroner in 1968 | kr.86.33 kroner in 2021 | |

kr.50 kroner in 1968 | kr.431.67 kroner in 2021 | |

kr.100 kroner in 1968 | kr.863.34 kroner in 2021 | |

kr.500 kroner in 1968 | kr.4,316.72 kroner in 2021 | |

kr.1,000 kroner in 1968 | kr.8,633.44 kroner in 2021 | |

kr.5,000 kroner in 1968 | kr.43,167.19 kroner in 2021 | |

kr.10,000 kroner in 1968 | kr.86,334.37 kroner in 2021 | |

kr.50,000 kroner in 1968 | kr.431,671.86 kroner in 2021 | |

kr.100,000 kroner in 1968 | kr.863,343.71 kroner in 2021 | |

kr.500,000 kroner in 1968 | kr.4,316,718.56 kroner in 2021 | |

kr.1,000,000 kroner in 1968 | kr.8,633,437.12 kroner in 2021 |

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

- Australian Dollar
- British Pound
- Brazilian Real
- Canadian Dollar
- Chilean Peso
- Chinese Renminbi
- Colombian Peso
- Costa Rican Colon
- Czech Koruna
- Danish Krone
- Euro
- Euro (Austria)
- Euro (Belgium)
- Euro (Estonia)
- Euro (Finland)
- Euro (France)
- Euro (Greece)
- Euro (Germany)
- Euro (Ireland)
- Euro (Italy)
- Euro (Latvia)
- Euro (Lithuania)
- Euro (Luxembourg)
- Euro (Netherlands)
- Euro (Portugal)
- Euro (Slovenia)
- Euro (Spain)
- Euro (Switzerland)
- Hungarian Forints
- Icelandic Krona
- Indian Rupee
- Indonesian Ruphia
- Israeli New Shekel
- Mexican Peso
- New Zealand Dollar
- Norwegian Krone
- Japanese Yen
- Polish Zloty
- Russian Ruble
- Saudi Riyal
- South African Rand
- South Korean Won
- Swedish Krona
- Turkish Lira
- US Dollar