Value of 1973 Danish Kroner today

kr.100 in 1973

kr.645.66 in 2018

The inflation rate in Denmark between 1973 and today has been 545.66%, which translates into a total increase of kr.545.66. This means that 100 kroner in 1973 are equivalent to 645.66 kroner in 2018. In other words, the purchasing power of kr.100 in 1973 equals kr.645.66 today. The average annual inflation rate has been 4.14%.

Inflation timeline in Denmark (1973-2018)

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 (1973-2018) 538.72%
Total Inflation* 545.66%
Annual inflation avg. (1973-2018) 4.21%
Annual inflation avg.* 4.14%
CPI 1973 15.86
CPI 2018 101.3
CPI today* 102.4
kr.1 in 1973 kr.6.39 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 45 years between 1973 and 2018 and the average inflation rate has been 4.1379%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = kr.100 * (1 + 0.04)45 = kr.638.72

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 1973 was 15.86 and the CPI today is 102.4. Therefore,

Final value = Initial value *
CPI final/CPI initial
= kr.100 *
101.3/15.86
= kr.638.72

Denmark inflation - Conversion table

Initial Value Equivalent value
kr.1 krone in 1973 kr.6.46 kroner today
kr.5 kroner in 1973 kr.32.28 kroner today
kr.10 kroner in 1973 kr.64.57 kroner today
kr.50 kroner in 1973 kr.322.83 kroner today
kr.100 kroner in 1973 kr.645.66 kroner today
kr.500 kroner in 1973 kr.3,228.31 kroner today
kr.1,000 kroner in 1973 kr.6,456.62 kroner today
kr.5,000 kroner in 1973 kr.32,283.1 kroner today
kr.10,000 kroner in 1973 kr.64,566.21 kroner today
kr.50,000 kroner in 1973 kr.322,831.03 kroner today
kr.100,000 kroner in 1973 kr.645,662.06 kroner today
kr.500,000 kroner in 1973 kr.3,228,310.28 kroner today
kr.1,000,000 kroner in 1973 kr.6,456,620.56 kroner today

Value of Krone in time (by year)

Period Value
1973 100
1974 112.57
1975 129.97
1976 135.58
1977 153.27
1978 171.98
1979 184.27
1980 206.05
1981 228.5
1982 256.56
1983 279.59
1984 296.47
1985 313.14
1986 324.32
1987 338.36
1988 352.17
1989 368.18
1990 385.94
1991 393.18
1992 402.39
1993 408.31
1994 414.45
1995 423.88
1996 431.55
1997 441.64
1998 450.85
1999 458.52
2000 473.21
2001 484.58
2002 494.96
2003 507.57
2004 514.51
2005 520.81
2006 532.79
2007 542.25
2008 554.86
2009 568.1
2010 576.3
2011 592.69
2012 607.2
2013 619.81
2014 624.22
2015 626.74
2016 629.27
2017 632.42
2018 638.72
Today 645.66