Value of 1974 Danish Kroner today

kr.100 in 1974

kr.573.58 in 2018

The inflation rate in Denmark between 1974 and today has been 473.58%, which translates into a total increase of kr.473.58. This means that 100 kroner in 1974 are equivalent to 573.58 kroner in 2018. In other words, the purchasing power of kr.100 in 1974 equals kr.573.58 today. The average annual inflation rate has been 3.96%.

Inflation timeline in Denmark (1974-2018)

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 (1974-2018) 467.42%
Total Inflation* 473.58%
Annual inflation avg. (1974-2018) 4.02%
Annual inflation avg.* 3.96%
CPI 1974 17.85
CPI 2018 101.3
CPI today* 102.4
kr.1 in 1974 kr.5.67 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 44 years between 1974 and 2018 and the average inflation rate has been 3.9579%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = kr.100 * (1 + 0.04)44 = kr.567.42

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 1974 was 17.85 and the CPI today is 102.4. Therefore,

Final value = Initial value *
CPI final/CPI initial
= kr.100 *
101.3/17.85
= kr.567.42

Denmark inflation - Conversion table

Initial Value Equivalent value
kr.1 krone in 1974 kr.5.74 kroner today
kr.5 kroner in 1974 kr.28.68 kroner today
kr.10 kroner in 1974 kr.57.36 kroner today
kr.50 kroner in 1974 kr.286.79 kroner today
kr.100 kroner in 1974 kr.573.58 kroner today
kr.500 kroner in 1974 kr.2,867.92 kroner today
kr.1,000 kroner in 1974 kr.5,735.83 kroner today
kr.5,000 kroner in 1974 kr.28,679.16 kroner today
kr.10,000 kroner in 1974 kr.57,358.31 kroner today
kr.50,000 kroner in 1974 kr.286,791.56 kroner today
kr.100,000 kroner in 1974 kr.573,583.13 kroner today
kr.500,000 kroner in 1974 kr.2,867,915.64 kroner today
kr.1,000,000 kroner in 1974 kr.5,735,831.28 kroner today

Value of Krone in time (by year)

Period Value
1974 100
1975 115.46
1976 120.44
1977 136.16
1978 152.78
1979 163.7
1980 183.05
1981 203
1982 227.92
1983 248.38
1984 263.38
1985 278.18
1986 288.12
1987 300.58
1988 312.86
1989 327.08
1990 342.86
1991 349.28
1992 357.47
1993 362.73
1994 368.18
1995 376.56
1996 383.37
1997 392.34
1998 400.52
1999 407.34
2000 420.39
2001 430.48
2002 439.71
2003 450.91
2004 457.07
2005 462.67
2006 473.32
2007 481.72
2008 492.92
2009 504.68
2010 511.97
2011 526.53
2012 539.41
2013 550.62
2014 554.54
2015 556.78
2016 559.02
2017 561.82
2018 567.42
Today 573.58