kr.

Value of 1970 Danish Kroner today

kr.100 in 1970
kr.834.27 in 2022

The inflation rate in Denmark between 1970 and today has been 734.27%, which translates into a total increase of kr.734.27. This means that 100 kroner in 1970 are equivalent to 834.27 kroner in 2022. In other words, the purchasing power of kr.100 in 1970 equals kr.834.27 today. The average annual inflation rate between these periods has been 4.16%.

Inflation timeline in Denmark (1970 - 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 1970-2021 674.49%
Cumulative inflation 1970-today 734.27%
Avg. Annual inflation 1970-2021 4.1%
CPI 1970 13.6
CPI 2021 105.35
CPI 2022-05 (latest official data) 112.7
CPI today 113.48

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 1970 and 2021, use the corresponding CPI values:

Value2021
=Value1970 ×
CPI2021/CPI1970
=kr. 100 ×
105.35/13.6
kr.774.49

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 113.48:

Valuetoday
=Value1970 ×
CPItoday/CPI1970
=kr. 100 ×
113.48/13.6
kr.834.27

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 51 years between 1970 and 2021 and the average inflation rate was 4.0954%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=kr.100 × (1 + 0.040954)51
kr.774.49

Denmark inflation - Conversion table

Initial Value Equivalent value
kr.1 krone in 1970 kr.7.74 kroner in 2021
kr.5 kroner in 1970 kr.38.72 kroner in 2021
kr.10 kroner in 1970 kr.77.45 kroner in 2021
kr.50 kroner in 1970 kr.387.25 kroner in 2021
kr.100 kroner in 1970 kr.774.49 kroner in 2021
kr.500 kroner in 1970 kr.3,872.47 kroner in 2021
kr.1,000 kroner in 1970 kr.7,744.94 kroner in 2021
kr.5,000 kroner in 1970 kr.38,724.7 kroner in 2021
kr.10,000 kroner in 1970 kr.77,449.4 kroner in 2021
kr.50,000 kroner in 1970 kr.387,246.98 kroner in 2021
kr.100,000 kroner in 1970 kr.774,493.97 kroner in 2021
kr.500,000 kroner in 1970 kr.3,872,469.85 kroner in 2021
kr.1,000,000 kroner in 1970 kr.7,744,939.69 kroner in 2021
Cumulative inflation From 1970 734.27%
Avg. annual inflation From 1970 4.16%
CPI 1970 13.6
CPI today 113.48

Value of Krone over time (by year)

Period Value
1970 100
1971 105.87
1972 112.82
1973 123.31
1974 142.15
1975 155.8
1976 169.84
1977 188.39
1978 207.63
1979 227.59
1980 255.6
1981 285.67
1982 314.59
1983 336.32
1984 357.48
1985 374.2
1986 387.96
1987 403.56
1988 421.86
1989 442
1990 453.67
1991 464.54
1992 474.28
1993 480.24
1994 489.81
1995 500.01
1996 510.65
1997 521.79
1998 531.42
1999 544.69
2000 560.51
2001 573.61
2002 587.52
2003 599.71
2004 606.63
2005 617.66
2006 629.54
2007 640.2
2008 662.08
2009 670.71
2010 686.21
2011 705.14
2012 722.05
2013 727.75
2014 731.85
2015 735.16
2016 737
2017 745.46
2018 751.52
2019 757.22
2020 760.4
2021 774.49
2022-05 828.53
Today 834.27

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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