Value of 1978 Danish Kroner today

kr.100 in 1978

kr.375.43 in 2018

The inflation rate in Denmark between 1978 and today has been 275.43%, which translates into a total increase of kr.275.43. This means that 100 kroner in 1978 are equivalent to 375.43 kroner in 2018. In other words, the purchasing power of kr.100 in 1978 equals kr.375.43 today. The average annual inflation rate has been 3.28%.

Inflation timeline in Denmark (1978-2018)

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 (1978-2018) 271.39%
Total Inflation* 275.43%
Annual inflation avg. (1978-2018) 3.33%
Annual inflation avg.* 3.28%
CPI 1978 27.28
CPI 2018 101.3
CPI today* 102.4
kr.1 in 1978 kr.3.71 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 40 years between 1978 and 2018 and the average inflation rate has been 3.2792%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = kr.100 * (1 + 0.03)40 = kr.371.39

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 1978 was 27.28 and the CPI today is 102.4. Therefore,

Final value = Initial value *
CPI final/CPI initial
= kr.100 *
101.3/27.28
= kr.371.39

Denmark inflation - Conversion table

Initial Value Equivalent value
kr.1 krone in 1978 kr.3.75 kroner today
kr.5 kroner in 1978 kr.18.77 kroner today
kr.10 kroner in 1978 kr.37.54 kroner today
kr.50 kroner in 1978 kr.187.71 kroner today
kr.100 kroner in 1978 kr.375.43 kroner today
kr.500 kroner in 1978 kr.1,877.15 kroner today
kr.1,000 kroner in 1978 kr.3,754.29 kroner today
kr.5,000 kroner in 1978 kr.18,771.47 kroner today
kr.10,000 kroner in 1978 kr.37,542.95 kroner today
kr.50,000 kroner in 1978 kr.187,714.73 kroner today
kr.100,000 kroner in 1978 kr.375,429.47 kroner today
kr.500,000 kroner in 1978 kr.1,877,147.34 kroner today
kr.1,000,000 kroner in 1978 kr.3,754,294.69 kroner today

Value of Krone in time (by year)

Period Value
1978 100
1979 107.15
1980 119.81
1981 132.87
1982 149.18
1983 162.57
1984 172.39
1985 182.08
1986 188.58
1987 196.74
1988 204.77
1989 214.08
1990 224.41
1991 228.62
1992 233.97
1993 237.42
1994 240.99
1995 246.47
1996 250.93
1997 256.8
1998 262.15
1999 266.61
2000 275.16
2001 281.76
2002 287.8
2003 295.14
2004 299.17
2005 302.84
2006 309.8
2007 315.3
2008 322.63
2009 330.33
2010 335.1
2011 344.63
2012 353.06
2013 360.4
2014 362.96
2015 364.43
2016 365.9
2017 367.73
2018 371.39
Today 375.43