Value of 1968 Danish Kroner today

kr.100 in 1968

kr.855 in 2018

The inflation rate in Denmark between 1968 and today has been 755%, which translates into a total increase of kr.755. This means that 100 kroner in 1968 are equivalent to 855 kroner in 2018. In other words, the purchasing power of kr.100 in 1968 equals kr.855 today. The average annual inflation rate has been 4.3%.

Inflation timeline in Denmark (1968-2018)

The following chart ilustrates the equivalence of kr.100 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 (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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1968-2018) 745.81%
Total Inflation* 755%
Annual inflation avg. (1968-2018) 4.36%
Annual inflation avg.* 4.3%
CPI 1968 11.98
CPI 2018 101.3
CPI today* 102.4
kr.1 in 1968 kr.8.46 in 2018

* 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 kr.100 worth today. There are 50 years between 1968 and 2018 and the average inflation rate has been 4.2975%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = kr.100 * (1 + 0.04)50 = kr.845.81

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 1968 was 11.98 and the CPI today is 102.4. Therefore,

Final value = Initial value *
CPI final/CPI initial
= kr.100 *
101.3/11.98
= kr.845.81

Denmark inflation - Conversion table

Initial Value Equivalent value
kr.1 krone in 1968 kr.8.55 kroner today
kr.5 kroner in 1968 kr.42.75 kroner today
kr.10 kroner in 1968 kr.85.5 kroner today
kr.50 kroner in 1968 kr.427.5 kroner today
kr.100 kroner in 1968 kr.855 kroner today
kr.500 kroner in 1968 kr.4,274.99 kroner today
kr.1,000 kroner in 1968 kr.8,549.97 kroner today
kr.5,000 kroner in 1968 kr.42,749.86 kroner today
kr.10,000 kroner in 1968 kr.85,499.72 kroner today
kr.50,000 kroner in 1968 kr.427,498.59 kroner today
kr.100,000 kroner in 1968 kr.854,997.18 kroner today
kr.500,000 kroner in 1968 kr.4,274,985.91 kroner today
kr.1,000,000 kroner in 1968 kr.8,549,971.82 kroner today

Value of Krone in time (by year)

Period Value
1968 100
1969 104.3
1970 109.37
1971 116.95
1972 123.67
1973 132.42
1974 149.06
1975 172.11
1976 179.53
1977 202.97
1978 227.74
1979 244.02
1980 272.86
1981 302.59
1982 339.74
1983 370.23
1984 392.59
1985 414.66
1986 429.47
1987 448.06
1988 466.35
1989 487.55
1990 511.07
1991 520.65
1992 532.85
1993 540.69
1994 548.82
1995 561.3
1996 571.47
1997 584.83
1998 597.02
1999 607.18
2000 626.64
2001 641.68
2002 655.44
2003 672.14
2004 681.32
2005 689.67
2006 705.54
2007 718.06
2008 734.76
2009 752.29
2010 763.15
2011 784.86
2012 804.06
2013 820.76
2014 826.61
2015 829.95
2016 833.29
2017 837.46
2018 845.81
Today 855