kr.

Value of 1976 Danish Kroner today

kr.100 in 1976
kr.513.46 in 2024

The inflation rate in Denmark between 1976 and today has been 413.46%, which translates into a total increase of kr.413.46. This means that 100 kroner in 1976 are equivalent to 513.46 kroner in 2024. In other words, the purchasing power of kr.100 in 1976 equals kr.513.46 today. The average annual inflation rate between these periods has been 3.47%.

Inflation timeline in Denmark (1976 - 2024)

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 1976-2023 407.34%
Cumulative inflation 1976-today 413.46%
Avg. Annual inflation 1976-2023 3.52%
CPI 1976 23.1
CPI 2023 117.21
CPI 2024-06 (latest official data) 118.5
CPI today 118.62

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 1976 and 2023, use the corresponding CPI values:

Value2023
=Value1976 ×
CPI2023/CPI1976
=kr. 100 ×
117.21/23.1
kr.507.34

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 118.62:

Valuetoday
=Value1976 ×
CPItoday/CPI1976
=kr. 100 ×
118.62/23.1
kr.513.46

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 1976 and 2023 and the average inflation rate was 3.5157%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=kr.100 × (1 + 0.035157)47
kr.507.34

Denmark inflation - Conversion table

Initial Value Equivalent value
kr.1 krone in 1976 kr.5.07 kroner in 2023
kr.5 kroner in 1976 kr.25.37 kroner in 2023
kr.10 kroner in 1976 kr.50.73 kroner in 2023
kr.50 kroner in 1976 kr.253.67 kroner in 2023
kr.100 kroner in 1976 kr.507.34 kroner in 2023
kr.500 kroner in 1976 kr.2,536.68 kroner in 2023
kr.1,000 kroner in 1976 kr.5,073.36 kroner in 2023
kr.5,000 kroner in 1976 kr.25,366.81 kroner in 2023
kr.10,000 kroner in 1976 kr.50,733.62 kroner in 2023
kr.50,000 kroner in 1976 kr.253,668.08 kroner in 2023
kr.100,000 kroner in 1976 kr.507,336.16 kroner in 2023
kr.500,000 kroner in 1976 kr.2,536,680.79 kroner in 2023
kr.1,000,000 kroner in 1976 kr.5,073,361.59 kroner in 2023
Cumulative inflation From 1976 413.46%
Avg. annual inflation From 1976 3.47%
CPI 1976 23.1
CPI today 118.62

Value of Krone over time (by year)

Period Value
1976 100
1977 110.92
1978 122.25
1979 134
1980 150.49
1981 168.2
1982 185.22
1983 198.02
1984 210.47
1985 220.32
1986 228.43
1987 237.61
1988 248.38
1989 260.24
1990 267.11
1991 273.51
1992 279.24
1993 282.76
1994 288.39
1995 294.4
1996 300.66
1997 307.22
1998 312.89
1999 320.7
2000 330.02
2001 337.73
2002 345.92
2003 353.1
2004 357.17
2005 363.67
2006 370.66
2007 376.94
2008 389.82
2009 394.9
2010 404.03
2011 415.18
2012 425.13
2013 428.49
2014 430.9
2015 432.85
2016 433.93
2017 438.91
2018 442.48
2019 445.84
2020 447.71
2021 456.01
2022 491.1
2023 507.34
2024-06 512.93
Today 513.46

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 | 2022 | 2023 |

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