kr.

Value of 1967 Danish Kroner today

kr.100 in 1967
kr.1,012.28 in 2022

The inflation rate in Denmark between 1967 and today has been 912.28%, which translates into a total increase of kr.912.28. This means that 100 kroner in 1967 are equivalent to 1,012.28 kroner in 2022. In other words, the purchasing power of kr.100 in 1967 equals kr.1,012.28 today. The average annual inflation rate between these periods has been 4.3%.

Inflation timeline in Denmark (1967 - 2022)

The following chart depicts the equivalence of kr.100 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. 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 1967-2021 822.07%
Cumulative inflation 1967-today 912.28%
Avg. Annual inflation 1967-2021 4.2%
CPI 1967 11.43
CPI 2021 105.35
CPI 2022-08 (latest official data) 114.9
CPI today 115.66

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 1967 and 2021, use the corresponding CPI values:

Value2021
=Value1967 ×
CPI2021/CPI1967
=kr. 100 ×
105.35/11.43
kr.922.07

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 115.66:

Valuetoday
=Value1967 ×
CPItoday/CPI1967
=kr. 100 ×
115.66/11.43
kr.1,012.28

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 kr.100 worth today. There are 54 years between 1967 and 2021 and the average inflation rate was 4.1996%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=kr.100 × (1 + 0.041996)54
kr.922.07

Denmark inflation - Conversion table

Initial Value Equivalent value
kr.1 krone in 1967 kr.9.22 kroner in 2021
kr.5 kroner in 1967 kr.46.1 kroner in 2021
kr.10 kroner in 1967 kr.92.21 kroner in 2021
kr.50 kroner in 1967 kr.461.03 kroner in 2021
kr.100 kroner in 1967 kr.922.07 kroner in 2021
kr.500 kroner in 1967 kr.4,610.33 kroner in 2021
kr.1,000 kroner in 1967 kr.9,220.67 kroner in 2021
kr.5,000 kroner in 1967 kr.46,103.34 kroner in 2021
kr.10,000 kroner in 1967 kr.92,206.68 kroner in 2021
kr.50,000 kroner in 1967 kr.461,033.38 kroner in 2021
kr.100,000 kroner in 1967 kr.922,066.76 kroner in 2021
kr.500,000 kroner in 1967 kr.4,610,333.8 kroner in 2021
kr.1,000,000 kroner in 1967 kr.9,220,667.6 kroner in 2021
Cumulative inflation From 1967 912.28%
Avg. annual inflation From 1967 4.3%
CPI 1967 11.43
CPI today 115.66

Value of Krone over time (by year)

Period Value
1967 100
1968 108.01
1969 111.77
1970 119.05
1971 126.04
1972 134.31
1973 146.81
1974 169.23
1975 185.49
1976 202.2
1977 224.29
1978 247.2
1979 270.96
1980 304.3
1981 340.11
1982 374.53
1983 400.4
1984 425.59
1985 445.5
1986 461.89
1987 480.46
1988 502.24
1989 526.22
1990 540.12
1991 553.05
1992 564.64
1993 571.75
1994 583.14
1995 595.29
1996 607.94
1997 621.21
1998 632.68
1999 648.48
2000 667.31
2001 682.91
2002 699.46
2003 713.98
2004 722.22
2005 735.35
2006 749.5
2007 762.19
2008 788.23
2009 798.51
2010 816.96
2011 839.5
2012 859.63
2013 866.42
2014 871.3
2015 875.24
2016 877.43
2017 887.49
2018 894.72
2019 901.5
2020 905.29
2021 922.07
2022-08 1,005.65
Today 1,012.28

All available years

Today's value of danish kroner by year:

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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