Value of 1979 Danish Kroner today

kr.100 in 1979

kr.350.38 in 2018

The inflation rate in Denmark between 1979 and today has been 250.38%, which translates into a total increase of kr.250.38. This means that 100 kroner in 1979 are equivalent to 350.38 kroner in 2018. In other words, the purchasing power of kr.100 in 1979 equals kr.350.38 today. The average annual inflation rate has been 3.18%.

Inflation timeline in Denmark (1979-2018)

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 (1979-2018) 246.62%
Total Inflation* 250.38%
Annual inflation avg. (1979-2018) 3.24%
Annual inflation avg.* 3.18%
CPI 1979 29.23
CPI 2018 101.3
CPI today* 102.4
kr.1 in 1979 kr.3.47 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 39 years between 1979 and 2018 and the average inflation rate has been 3.1843%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = kr.100 * (1 + 0.03)39 = kr.346.62

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 1979 was 29.23 and the CPI today is 102.4. Therefore,

Final value = Initial value *
CPI final/CPI initial
= kr.100 *
101.3/29.23
= kr.346.62

Denmark inflation - Conversion table

Initial Value Equivalent value
kr.1 krone in 1979 kr.3.5 kroner today
kr.5 kroner in 1979 kr.17.52 kroner today
kr.10 kroner in 1979 kr.35.04 kroner today
kr.50 kroner in 1979 kr.175.19 kroner today
kr.100 kroner in 1979 kr.350.38 kroner today
kr.500 kroner in 1979 kr.1,751.91 kroner today
kr.1,000 kroner in 1979 kr.3,503.82 kroner today
kr.5,000 kroner in 1979 kr.17,519.12 kroner today
kr.10,000 kroner in 1979 kr.35,038.23 kroner today
kr.50,000 kroner in 1979 kr.175,191.17 kroner today
kr.100,000 kroner in 1979 kr.350,382.35 kroner today
kr.500,000 kroner in 1979 kr.1,751,911.73 kroner today
kr.1,000,000 kroner in 1979 kr.3,503,823.46 kroner today

Value of Krone in time (by year)

Period Value
1979 100
1980 111.82
1981 124
1982 139.23
1983 151.72
1984 160.89
1985 169.93
1986 176
1987 183.62
1988 191.11
1989 199.8
1990 209.44
1991 213.37
1992 218.36
1993 221.58
1994 224.91
1995 230.03
1996 234.19
1997 239.66
1998 244.66
1999 248.83
2000 256.8
2001 262.97
2002 268.6
2003 275.45
2004 279.21
2005 282.63
2006 289.13
2007 294.27
2008 301.11
2009 308.29
2010 312.74
2011 321.64
2012 329.51
2013 336.35
2014 338.75
2015 340.12
2016 341.48
2017 343.2
2018 346.62
Today 350.38