Value of 1980 Danish Kroner today

kr.100 in 1980

kr.313.34 in 2018

The inflation rate in Denmark between 1980 and today has been 213.34%, which translates into a total increase of kr.213.34. This means that 100 kroner in 1980 are equivalent to 313.34 kroner in 2018. In other words, the purchasing power of kr.100 in 1980 equals kr.313.34 today. The average annual inflation rate has been 2.97%.

Inflation timeline in Denmark (1980-2018)

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 (1980-2018) 209.98%
Total Inflation* 213.34%
Annual inflation avg. (1980-2018) 3.02%
Annual inflation avg.* 2.97%
CPI 1980 32.68
CPI 2018 101.3
CPI today* 102.4
kr.1 in 1980 kr.3.1 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 38 years between 1980 and 2018 and the average inflation rate has been 2.9719%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = kr.100 * (1 + 0.03)38 = kr.309.98

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 1980 was 32.68 and the CPI today is 102.4. Therefore,

Final value = Initial value *
CPI final/CPI initial
= kr.100 *
101.3/32.68
= kr.309.98

Denmark inflation - Conversion table

Initial Value Equivalent value
kr.1 krone in 1980 kr.3.13 kroner today
kr.5 kroner in 1980 kr.15.67 kroner today
kr.10 kroner in 1980 kr.31.33 kroner today
kr.50 kroner in 1980 kr.156.67 kroner today
kr.100 kroner in 1980 kr.313.34 kroner today
kr.500 kroner in 1980 kr.1,566.72 kroner today
kr.1,000 kroner in 1980 kr.3,133.45 kroner today
kr.5,000 kroner in 1980 kr.15,667.23 kroner today
kr.10,000 kroner in 1980 kr.31,334.45 kroner today
kr.50,000 kroner in 1980 kr.156,672.26 kroner today
kr.100,000 kroner in 1980 kr.313,344.52 kroner today
kr.500,000 kroner in 1980 kr.1,566,722.59 kroner today
kr.1,000,000 kroner in 1980 kr.3,133,445.19 kroner today

Value of Krone in time (by year)

Period Value
1980 100
1981 110.89
1982 124.51
1983 135.69
1984 143.88
1985 151.97
1986 157.4
1987 164.21
1988 170.91
1989 178.68
1990 187.3
1991 190.81
1992 195.28
1993 198.15
1994 201.13
1995 205.71
1996 209.44
1997 214.33
1998 218.8
1999 222.52
2000 229.65
2001 235.17
2002 240.21
2003 246.33
2004 249.7
2005 252.76
2006 258.57
2007 263.16
2008 269.28
2009 275.71
2010 279.68
2011 287.64
2012 294.68
2013 300.8
2014 302.94
2015 304.16
2016 305.39
2017 306.92
2018 309.98
Today 313.34