kr.

Value of 1978 Danish Kroner today

kr.100 in 1978
kr.409.6 in 2022

The inflation rate in Denmark between 1978 and today has been 309.6%, which translates into a total increase of kr.309.6. This means that 100 kroner in 1978 are equivalent to 409.6 kroner in 2022. In other words, the purchasing power of kr.100 in 1978 equals kr.409.6 today. The average annual inflation rate between these periods has been 3.26%.

Inflation timeline in Denmark (1978 - 2022)

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 1978-2021 273.01%
Cumulative inflation 1978-today 309.6%
Avg. Annual inflation 1978-2021 3.11%
CPI 1978 28.24
CPI 2021 105.35
CPI 2022-08 (latest official data) 114.9
CPI today 115.69

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 1978 and 2021, use the corresponding CPI values:

Value2021
=Value1978 ×
CPI2021/CPI1978
=kr. 100 ×
105.35/28.24
kr.373.01

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 115.69:

Valuetoday
=Value1978 ×
CPItoday/CPI1978
=kr. 100 ×
115.69/28.24
kr.409.6

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 43 years between 1978 and 2021 and the average inflation rate was 3.1088%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=kr.100 × (1 + 0.031088)43
kr.373.01

Denmark inflation - Conversion table

Initial Value Equivalent value
kr.1 krone in 1978 kr.3.73 kroner in 2021
kr.5 kroner in 1978 kr.18.65 kroner in 2021
kr.10 kroner in 1978 kr.37.3 kroner in 2021
kr.50 kroner in 1978 kr.186.5 kroner in 2021
kr.100 kroner in 1978 kr.373.01 kroner in 2021
kr.500 kroner in 1978 kr.1,865.04 kroner in 2021
kr.1,000 kroner in 1978 kr.3,730.08 kroner in 2021
kr.5,000 kroner in 1978 kr.18,650.39 kroner in 2021
kr.10,000 kroner in 1978 kr.37,300.79 kroner in 2021
kr.50,000 kroner in 1978 kr.186,503.95 kroner in 2021
kr.100,000 kroner in 1978 kr.373,007.9 kroner in 2021
kr.500,000 kroner in 1978 kr.1,865,039.48 kroner in 2021
kr.1,000,000 kroner in 1978 kr.3,730,078.95 kroner in 2021
Cumulative inflation From 1978 309.6%
Avg. annual inflation From 1978 3.26%
CPI 1978 28.24
CPI today 115.69

Value of Krone over time (by year)

Period Value
1978 100
1979 109.61
1980 123.1
1981 137.58
1982 151.51
1983 161.98
1984 172.17
1985 180.22
1986 186.85
1987 194.36
1988 203.18
1989 212.87
1990 218.5
1991 223.73
1992 228.42
1993 231.29
1994 235.9
1995 240.81
1996 245.93
1997 251.3
1998 255.94
1999 262.33
2000 269.95
2001 276.26
2002 282.96
2003 288.83
2004 292.16
2005 297.47
2006 303.2
2007 308.33
2008 318.87
2009 323.03
2010 330.49
2011 339.61
2012 347.75
2013 350.5
2014 352.47
2015 354.07
2016 354.95
2017 359.02
2018 361.94
2019 364.69
2020 366.22
2021 373.01
2022-08 406.82
Today 409.6

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 |

Other currencies: