Value of 1970 Danish Kroner today

Inflation timeline in Denmark (1970-2018)

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 (1970-2018)	673.31%
Total Inflation*	681.71%
Annual inflation avg. (1970-2018)	4.35%
Annual inflation avg.*	4.29%
CPI 1970	13.1
CPI 2018	101.3
CPI today*	102.4
kr.1 in 1970	kr.7.73 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 48 years between 1970 and 2018 and the average inflation rate has been 4.2859%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)ⁿ = kr.100 * (1 + 0.04)⁴⁸ = kr.773.31

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 1970 was 13.1 and the CPI today is 102.4. Therefore,

Final value = Initial value *
CPI final/CPI initial
= kr.100 *
101.3/13.1
= kr.773.31

Denmark inflation - Conversion table

Initial Value		Equivalent value
kr.1 krone in 1970		kr.7.82 kroner today
kr.5 kroner in 1970		kr.39.09 kroner today
kr.10 kroner in 1970		kr.78.17 kroner today
kr.50 kroner in 1970		kr.390.86 kroner today
kr.100 kroner in 1970		kr.781.71 kroner today
kr.500 kroner in 1970		kr.3,908.56 kroner today
kr.1,000 kroner in 1970		kr.7,817.12 kroner today
kr.5,000 kroner in 1970		kr.39,085.6 kroner today
kr.10,000 kroner in 1970		kr.78,171.2 kroner today
kr.50,000 kroner in 1970		kr.390,855.99 kroner today
kr.100,000 kroner in 1970		kr.781,711.99 kroner today
kr.500,000 kroner in 1970		kr.3,908,559.94 kroner today
kr.1,000,000 kroner in 1970		kr.7,817,119.89 kroner today

Value of Krone in time (by year)

Period	Value
1970	100
1971	106.93
1972	113.07
1973	121.07
1974	136.29
1975	157.36
1976	164.14
1977	185.57
1978	208.22
1979	223.1
1980	249.47
1981	276.65
1982	310.62
1983	338.5
1984	358.94
1985	379.12
1986	392.66
1987	409.65
1988	426.38
1989	445.76
1990	467.26
1991	476.02
1992	487.18
1993	494.34
1994	501.78
1995	513.19
1996	522.49
1997	534.7
1998	545.85
1999	555.14
2000	572.93
2001	586.68
2002	599.26
2003	614.53
2004	622.92
2005	630.56
2006	645.06
2007	656.51
2008	671.78
2009	687.81
2010	697.74
2011	717.58
2012	735.14
2013	750.41
2014	755.75
2015	758.81
2016	761.86
2017	765.68
2018	773.31
Today	781.71

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