Value of 1977 Danish Kroner today

kr.100 in 1977

kr.421.25 in 2018

The inflation rate in Denmark between 1977 and today has been 321.25%, which translates into a total increase of kr.321.25. This means that 100 kroner in 1977 are equivalent to 421.25 kroner in 2018. In other words, the purchasing power of kr.100 in 1977 equals kr.421.25 today. The average annual inflation rate has been 3.48%.

Inflation timeline in Denmark (1977-2018)

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 (1977-2018) 316.72%
Total Inflation* 321.25%
Annual inflation avg. (1977-2018) 3.54%
Annual inflation avg.* 3.48%
CPI 1977 24.31
CPI 2018 101.3
CPI today* 102.4
kr.1 in 1977 kr.4.17 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 41 years between 1977 and 2018 and the average inflation rate has been 3.4832%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = kr.100 * (1 + 0.03)41 = kr.416.72

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 1977 was 24.31 and the CPI today is 102.4. Therefore,

Final value = Initial value *
CPI final/CPI initial
= kr.100 *
101.3/24.31
= kr.416.72

Denmark inflation - Conversion table

Initial Value Equivalent value
kr.1 krone in 1977 kr.4.21 kroner today
kr.5 kroner in 1977 kr.21.06 kroner today
kr.10 kroner in 1977 kr.42.12 kroner today
kr.50 kroner in 1977 kr.210.62 kroner today
kr.100 kroner in 1977 kr.421.25 kroner today
kr.500 kroner in 1977 kr.2,106.23 kroner today
kr.1,000 kroner in 1977 kr.4,212.46 kroner today
kr.5,000 kroner in 1977 kr.21,062.3 kroner today
kr.10,000 kroner in 1977 kr.42,124.61 kroner today
kr.50,000 kroner in 1977 kr.210,623.03 kroner today
kr.100,000 kroner in 1977 kr.421,246.06 kroner today
kr.500,000 kroner in 1977 kr.2,106,230.31 kroner today
kr.1,000,000 kroner in 1977 kr.4,212,460.62 kroner today

Value of Krone in time (by year)

Period Value
1977 100
1978 112.2
1979 120.22
1980 134.44
1981 149.08
1982 167.39
1983 182.41
1984 193.43
1985 204.3
1986 211.6
1987 220.75
1988 229.76
1989 240.21
1990 251.8
1991 256.52
1992 262.53
1993 266.39
1994 270.4
1995 276.55
1996 281.55
1997 288.14
1998 294.14
1999 299.15
2000 308.74
2001 316.15
2002 322.93
2003 331.15
2004 335.68
2005 339.79
2006 347.61
2007 353.78
2008 362.01
2009 370.65
2010 375.99
2011 386.69
2012 396.15
2013 404.38
2014 407.26
2015 408.9
2016 410.55
2017 412.61
2018 416.72
Today 421.25