Value of 1976 Danish Kroner today

kr.100 in 1976

kr.476.24 in 2018

The inflation rate in Denmark between 1976 and today has been 376.24%, which translates into a total increase of kr.376.24. This means that 100 kroner in 1976 are equivalent to 476.24 kroner in 2018. In other words, the purchasing power of kr.100 in 1976 equals kr.476.24 today. The average annual inflation rate has been 3.7%.

Inflation timeline in Denmark (1976-2018)

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 (1976-2018) 371.12%
Total Inflation* 376.24%
Annual inflation avg. (1976-2018) 3.76%
Annual inflation avg.* 3.7%
CPI 1976 21.5
CPI 2018 101.3
CPI today* 102.4
kr.1 in 1976 kr.4.71 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 42 years between 1976 and 2018 and the average inflation rate has been 3.6963%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = kr.100 * (1 + 0.04)42 = kr.471.12

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 1976 was 21.5 and the CPI today is 102.4. Therefore,

Final value = Initial value *
CPI final/CPI initial
= kr.100 *
101.3/21.5
= kr.471.12

Denmark inflation - Conversion table

Initial Value Equivalent value
kr.1 krone in 1976 kr.4.76 kroner today
kr.5 kroner in 1976 kr.23.81 kroner today
kr.10 kroner in 1976 kr.47.62 kroner today
kr.50 kroner in 1976 kr.238.12 kroner today
kr.100 kroner in 1976 kr.476.24 kroner today
kr.500 kroner in 1976 kr.2,381.19 kroner today
kr.1,000 kroner in 1976 kr.4,762.39 kroner today
kr.5,000 kroner in 1976 kr.23,811.93 kroner today
kr.10,000 kroner in 1976 kr.47,623.87 kroner today
kr.50,000 kroner in 1976 kr.238,119.33 kroner today
kr.100,000 kroner in 1976 kr.476,238.67 kroner today
kr.500,000 kroner in 1976 kr.2,381,193.34 kroner today
kr.1,000,000 kroner in 1976 kr.4,762,386.67 kroner today

Value of Krone in time (by year)

Period Value
1976 100
1977 113.05
1978 126.85
1979 135.92
1980 151.99
1981 168.54
1982 189.24
1983 206.22
1984 218.68
1985 230.97
1986 239.22
1987 249.57
1988 259.76
1989 271.57
1990 284.67
1991 290.01
1992 296.8
1993 301.17
1994 305.7
1995 312.65
1996 318.31
1997 325.75
1998 332.54
1999 338.21
2000 349.04
2001 357.42
2002 365.08
2003 374.39
2004 379.5
2005 384.15
2006 392.99
2007 399.96
2008 409.27
2009 419.03
2010 425.08
2011 437.17
2012 447.87
2013 457.17
2014 460.42
2015 462.28
2016 464.15
2017 466.47
2018 471.12
Today 476.24