kr.

Value of 1971 Danish Kroner today

kr.100 in 1971
kr.779.06 in 2022

The inflation rate in Denmark between 1971 and today has been 679.06%, which translates into a total increase of kr.679.06. This means that 100 kroner in 1971 are equivalent to 779.06 kroner in 2022. In other words, the purchasing power of kr.100 in 1971 equals kr.779.06 today. The average annual inflation rate between these periods has been 4.11%.

Inflation timeline in Denmark (1971 - 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 1971-2021 631.55%
Cumulative inflation 1971-today 679.06%
Avg. Annual inflation 1971-2021 4.06%
CPI 1971 14.4
CPI 2021 105.35
CPI 2022-04 (latest official data) 111.7
CPI today 112.19

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 1971 and 2021, use the corresponding CPI values:

Value2021
=Value1971 ×
CPI2021/CPI1971
=kr. 100 ×
105.35/14.4
kr.731.55

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 112.19:

Valuetoday
=Value1971 ×
CPItoday/CPI1971
=kr. 100 ×
112.19/14.4
kr.779.06

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 50 years between 1971 and 2021 and the average inflation rate was 4.0603%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=kr.100 × (1 + 0.040603)50
kr.731.55

Denmark inflation - Conversion table

Initial Value Equivalent value
kr.1 krone in 1971 kr.7.32 kroner in 2021
kr.5 kroner in 1971 kr.36.58 kroner in 2021
kr.10 kroner in 1971 kr.73.16 kroner in 2021
kr.50 kroner in 1971 kr.365.78 kroner in 2021
kr.100 kroner in 1971 kr.731.55 kroner in 2021
kr.500 kroner in 1971 kr.3,657.76 kroner in 2021
kr.1,000 kroner in 1971 kr.7,315.53 kroner in 2021
kr.5,000 kroner in 1971 kr.36,577.63 kroner in 2021
kr.10,000 kroner in 1971 kr.73,155.25 kroner in 2021
kr.50,000 kroner in 1971 kr.365,776.26 kroner in 2021
kr.100,000 kroner in 1971 kr.731,552.52 kroner in 2021
kr.500,000 kroner in 1971 kr.3,657,762.58 kroner in 2021
kr.1,000,000 kroner in 1971 kr.7,315,525.16 kroner in 2021
Cumulative inflation From 1971 679.06%
Avg. annual inflation From 1971 4.11%
CPI 1971 14.4
CPI today 112.19

Value of Krone over time (by year)

Period Value
1971 100
1972 106.56
1973 116.48
1974 134.27
1975 147.17
1976 160.43
1977 177.95
1978 196.12
1979 214.97
1980 241.43
1981 269.83
1982 297.14
1983 317.67
1984 337.66
1985 353.45
1986 366.45
1987 381.19
1988 398.47
1989 417.49
1990 428.52
1991 438.78
1992 447.98
1993 453.61
1994 462.65
1995 472.29
1996 482.33
1997 492.86
1998 501.95
1999 514.49
2000 529.43
2001 541.81
2002 554.94
2003 566.46
2004 573
2005 583.41
2006 594.64
2007 604.71
2008 625.37
2009 633.53
2010 648.17
2011 666.05
2012 682.02
2013 687.4
2014 691.28
2015 694.4
2016 696.14
2017 704.12
2018 709.85
2019 715.23
2020 718.24
2021 731.55
2022-04 775.65
Today 779.06

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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