kr.

Value of 1977 Danish Kroner today

kr.100 in 1977
kr.455.52 in 2023

The inflation rate in Denmark between 1977 and today has been 355.52%, which translates into a total increase of kr.355.52. This means that 100 kroner in 1977 are equivalent to 455.52 kroner in 2023. In other words, the purchasing power of kr.100 in 1977 equals kr.455.52 today. The average annual inflation rate between these periods has been 3.35%.

Inflation timeline in Denmark (1977 - 2023)

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 1977-2022 342.75%
Cumulative inflation 1977-today 355.52%
Avg. Annual inflation 1977-2022 3.36%
CPI 1977 25.63
CPI 2022 113.46
CPI 2022-12 (latest official data) 115.9
CPI today 116.73

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 1977 and 2022, use the corresponding CPI values:

Value2022
=Value1977 ×
CPI2022/CPI1977
=kr. 100 ×
113.46/25.63
kr.442.75

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 116.73:

Valuetoday
=Value1977 ×
CPItoday/CPI1977
=kr. 100 ×
116.73/25.63
kr.455.52

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 45 years between 1977 and 2022 and the average inflation rate was 3.3615%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=kr.100 × (1 + 0.033615)45
kr.442.75

Denmark inflation - Conversion table

Initial Value Equivalent value
kr.1 krone in 1977 kr.4.43 kroner in 2022
kr.5 kroner in 1977 kr.22.14 kroner in 2022
kr.10 kroner in 1977 kr.44.27 kroner in 2022
kr.50 kroner in 1977 kr.221.37 kroner in 2022
kr.100 kroner in 1977 kr.442.75 kroner in 2022
kr.500 kroner in 1977 kr.2,213.73 kroner in 2022
kr.1,000 kroner in 1977 kr.4,427.46 kroner in 2022
kr.5,000 kroner in 1977 kr.22,137.32 kroner in 2022
kr.10,000 kroner in 1977 kr.44,274.65 kroner in 2022
kr.50,000 kroner in 1977 kr.221,373.24 kroner in 2022
kr.100,000 kroner in 1977 kr.442,746.47 kroner in 2022
kr.500,000 kroner in 1977 kr.2,213,732.37 kroner in 2022
kr.1,000,000 kroner in 1977 kr.4,427,464.74 kroner in 2022
Cumulative inflation From 1977 355.52%
Avg. annual inflation From 1977 3.35%
CPI 1977 25.63
CPI today 116.73

Value of Krone over time (by year)

Period Value
1977 100
1978 110.21
1979 120.81
1980 135.67
1981 151.64
1982 166.98
1983 178.52
1984 189.75
1985 198.63
1986 205.93
1987 214.21
1988 223.93
1989 234.61
1990 240.81
1991 246.58
1992 251.75
1993 254.91
1994 259.99
1995 265.41
1996 271.05
1997 276.97
1998 282.08
1999 289.13
2000 297.52
2001 304.48
2002 311.86
2003 318.33
2004 322
2005 327.86
2006 334.17
2007 339.82
2008 351.43
2009 356.02
2010 364.25
2011 374.29
2012 383.27
2013 386.29
2014 388.47
2015 390.23
2016 391.2
2017 395.69
2018 398.91
2019 401.94
2020 403.63
2021 411.11
2022 442.75
2022-12 452.27
Today 455.52

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 |

Other currencies: