kr.

Value of 1974 Danish Kroner today

kr.100 in 1974
kr.580.12 in 2022

The inflation rate in Denmark between 1974 and today has been 480.12%, which translates into a total increase of kr.480.12. This means that 100 kroner in 1974 are equivalent to 580.12 kroner in 2022. In other words, the purchasing power of kr.100 in 1974 equals kr.580.12 today. The average annual inflation rate between these periods has been 3.73%.

Inflation timeline in Denmark (1974 - 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 1974-2021 444.84%
Cumulative inflation 1974-today 480.12%
Avg. Annual inflation 1974-2021 3.67%
CPI 1974 19.34
CPI 2021 105.35
CPI 2022-04 (latest official data) 111.7
CPI today 112.17

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 1974 and 2021, use the corresponding CPI values:

Value2021
=Value1974 ×
CPI2021/CPI1974
=kr. 100 ×
105.35/19.34
kr.544.84

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 112.17:

Valuetoday
=Value1974 ×
CPItoday/CPI1974
=kr. 100 ×
112.17/19.34
kr.580.12

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 47 years between 1974 and 2021 and the average inflation rate was 3.6729%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=kr.100 × (1 + 0.036729)47
kr.544.84

Denmark inflation - Conversion table

Initial Value Equivalent value
kr.1 krone in 1974 kr.5.45 kroner in 2021
kr.5 kroner in 1974 kr.27.24 kroner in 2021
kr.10 kroner in 1974 kr.54.48 kroner in 2021
kr.50 kroner in 1974 kr.272.42 kroner in 2021
kr.100 kroner in 1974 kr.544.84 kroner in 2021
kr.500 kroner in 1974 kr.2,724.22 kroner in 2021
kr.1,000 kroner in 1974 kr.5,448.44 kroner in 2021
kr.5,000 kroner in 1974 kr.27,242.21 kroner in 2021
kr.10,000 kroner in 1974 kr.54,484.43 kroner in 2021
kr.50,000 kroner in 1974 kr.272,422.14 kroner in 2021
kr.100,000 kroner in 1974 kr.544,844.28 kroner in 2021
kr.500,000 kroner in 1974 kr.2,724,221.39 kroner in 2021
kr.1,000,000 kroner in 1974 kr.5,448,442.78 kroner in 2021
Cumulative inflation From 1974 480.12%
Avg. annual inflation From 1974 3.73%
CPI 1974 19.34
CPI today 112.17

Value of Krone over time (by year)

Period Value
1974 100
1975 109.61
1976 119.48
1977 132.53
1978 146.07
1979 160.11
1980 179.81
1981 200.97
1982 221.31
1983 236.59
1984 251.48
1985 263.24
1986 272.93
1987 283.9
1988 296.77
1989 310.94
1990 319.15
1991 326.8
1992 333.65
1993 337.84
1994 344.57
1995 351.75
1996 359.23
1997 367.07
1998 373.84
1999 383.18
2000 394.31
2001 403.53
2002 413.31
2003 421.89
2004 426.76
2005 434.51
2006 442.87
2007 450.37
2008 465.76
2009 471.84
2010 482.74
2011 496.06
2012 507.95
2013 511.96
2014 514.85
2015 517.18
2016 518.47
2017 524.42
2018 528.68
2019 532.69
2020 534.93
2021 544.84
2022-04 577.68
Today 580.12

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 |

Other currencies: