kr.

Value of 1973 Danish Kroner today

kr.100 in 1973
kr.668.85 in 2022

The inflation rate in Denmark between 1973 and today has been 568.85%, which translates into a total increase of kr.568.85. This means that 100 kroner in 1973 are equivalent to 668.85 kroner in 2022. In other words, the purchasing power of kr.100 in 1973 equals kr.668.85 today. The average annual inflation rate between these periods has been 3.95%.

Inflation timeline in Denmark (1973 - 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 1973-2021 528.07%
Cumulative inflation 1973-today 568.85%
Avg. Annual inflation 1973-2021 3.9%
CPI 1973 16.77
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 1973 and 2021, use the corresponding CPI values:

Value2021
=Value1973 ×
CPI2021/CPI1973
=kr. 100 ×
105.35/16.77
kr.628.07

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

Valuetoday
=Value1973 ×
CPItoday/CPI1973
=kr. 100 ×
112.19/16.77
kr.668.85

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 48 years between 1973 and 2021 and the average inflation rate was 3.9023%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=kr.100 × (1 + 0.039023)48
kr.628.07

Denmark inflation - Conversion table

Initial Value Equivalent value
kr.1 krone in 1973 kr.6.28 kroner in 2021
kr.5 kroner in 1973 kr.31.4 kroner in 2021
kr.10 kroner in 1973 kr.62.81 kroner in 2021
kr.50 kroner in 1973 kr.314.04 kroner in 2021
kr.100 kroner in 1973 kr.628.07 kroner in 2021
kr.500 kroner in 1973 kr.3,140.35 kroner in 2021
kr.1,000 kroner in 1973 kr.6,280.7 kroner in 2021
kr.5,000 kroner in 1973 kr.31,403.52 kroner in 2021
kr.10,000 kroner in 1973 kr.62,807.03 kroner in 2021
kr.50,000 kroner in 1973 kr.314,035.15 kroner in 2021
kr.100,000 kroner in 1973 kr.628,070.3 kroner in 2021
kr.500,000 kroner in 1973 kr.3,140,351.5 kroner in 2021
kr.1,000,000 kroner in 1973 kr.6,280,703.01 kroner in 2021
Cumulative inflation From 1973 568.85%
Avg. annual inflation From 1973 3.95%
CPI 1973 16.77
CPI today 112.19

Value of Krone over time (by year)

Period Value
1973 100
1974 115.28
1975 126.35
1976 137.73
1977 152.78
1978 168.38
1979 184.56
1980 207.27
1981 231.66
1982 255.11
1983 272.73
1984 289.89
1985 303.46
1986 314.62
1987 327.26
1988 342.11
1989 358.43
1990 367.9
1991 376.71
1992 384.61
1993 389.45
1994 397.21
1995 405.48
1996 414.1
1997 423.14
1998 430.95
1999 441.71
2000 454.54
2001 465.17
2002 476.44
2003 486.33
2004 491.94
2005 500.89
2006 510.52
2007 519.17
2008 536.91
2009 543.91
2010 556.48
2011 571.83
2012 585.54
2013 590.16
2014 593.49
2015 596.17
2016 597.67
2017 604.52
2018 609.44
2019 614.06
2020 616.64
2021 628.07
2022-04 665.93
Today 668.85

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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