Value of 1970 Danish Kroner today

kr.100 in 1970

kr.781.71 in 2018

The inflation rate in Denmark between 1970 and today has been 681.71%, which translates into a total increase of kr.681.71. This means that 100 kroner in 1970 are equivalent to 781.71 kroner in 2018. In other words, the purchasing power of kr.100 in 1970 equals kr.781.71 today. The average annual inflation rate has been 4.29%.

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