Value of 1971 Danish Kroner today

kr.100 in 1971

kr.731.06 in 2018

The inflation rate in Denmark between 1971 and today has been 631.06%, which translates into a total increase of kr.631.06. This means that 100 kroner in 1971 are equivalent to 731.06 kroner in 2018. In other words, the purchasing power of kr.100 in 1971 equals kr.731.06 today. The average annual inflation rate has been 4.23%.

Inflation timeline in Denmark (1971-2018)

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 (1971-2018) 623.2%
Total Inflation* 631.06%
Annual inflation avg. (1971-2018) 4.3%
Annual inflation avg.* 4.23%
CPI 1971 14.01
CPI 2018 101.3
CPI today* 102.4
kr.1 in 1971 kr.7.23 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 47 years between 1971 and 2018 and the average inflation rate has been 4.2315%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = kr.100 * (1 + 0.04)47 = kr.723.2

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 1971 was 14.01 and the CPI today is 102.4. Therefore,

Final value = Initial value *
CPI final/CPI initial
= kr.100 *
101.3/14.01
= kr.723.2

Denmark inflation - Conversion table

Initial Value Equivalent value
kr.1 krone in 1971 kr.7.31 kroner today
kr.5 kroner in 1971 kr.36.55 kroner today
kr.10 kroner in 1971 kr.73.11 kroner today
kr.50 kroner in 1971 kr.365.53 kroner today
kr.100 kroner in 1971 kr.731.06 kroner today
kr.500 kroner in 1971 kr.3,655.3 kroner today
kr.1,000 kroner in 1971 kr.7,310.6 kroner today
kr.5,000 kroner in 1971 kr.36,552.99 kroner today
kr.10,000 kroner in 1971 kr.73,105.99 kroner today
kr.50,000 kroner in 1971 kr.365,529.94 kroner today
kr.100,000 kroner in 1971 kr.731,059.88 kroner today
kr.500,000 kroner in 1971 kr.3,655,299.41 kroner today
kr.1,000,000 kroner in 1971 kr.7,310,598.83 kroner today

Value of Krone in time (by year)

Period Value
1971 100
1972 105.74
1973 113.23
1974 127.45
1975 147.16
1976 153.51
1977 173.55
1978 194.73
1979 208.65
1980 233.31
1981 258.73
1982 290.5
1983 316.57
1984 335.68
1985 354.55
1986 367.22
1987 383.11
1988 398.75
1989 416.87
1990 436.99
1991 445.18
1992 455.61
1993 462.31
1994 469.26
1995 479.94
1996 488.63
1997 500.05
1998 510.48
1999 519.17
2000 535.8
2001 548.67
2002 560.43
2003 574.71
2004 582.56
2005 589.7
2006 603.27
2007 613.97
2008 628.25
2009 643.24
2010 652.53
2011 671.09
2012 687.51
2013 701.79
2014 706.78
2015 709.64
2016 712.5
2017 716.06
2018 723.2
Today 731.06