Value of 1981 Danish Kroner today

kr.100 in 1981

kr.282.56 in 2018

The inflation rate in Denmark between 1981 and today has been 182.56%, which translates into a total increase of kr.182.56. This means that 100 kroner in 1981 are equivalent to 282.56 kroner in 2018. In other words, the purchasing power of kr.100 in 1981 equals kr.282.56 today. The average annual inflation rate has been 2.77%.

Inflation timeline in Denmark (1981-2018)

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 (1981-2018) 179.52%
Total Inflation* 182.56%
Annual inflation avg. (1981-2018) 2.82%
Annual inflation avg.* 2.77%
CPI 1981 36.24
CPI 2018 101.3
CPI today* 102.4
kr.1 in 1981 kr.2.8 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 37 years between 1981 and 2018 and the average inflation rate has been 2.7712%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = kr.100 * (1 + 0.03)37 = kr.279.52

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 1981 was 36.24 and the CPI today is 102.4. Therefore,

Final value = Initial value *
CPI final/CPI initial
= kr.100 *
101.3/36.24
= kr.279.52

Denmark inflation - Conversion table

Initial Value Equivalent value
kr.1 krone in 1981 kr.2.83 kroner today
kr.5 kroner in 1981 kr.14.13 kroner today
kr.10 kroner in 1981 kr.28.26 kroner today
kr.50 kroner in 1981 kr.141.28 kroner today
kr.100 kroner in 1981 kr.282.56 kroner today
kr.500 kroner in 1981 kr.1,412.8 kroner today
kr.1,000 kroner in 1981 kr.2,825.6 kroner today
kr.5,000 kroner in 1981 kr.14,127.99 kroner today
kr.10,000 kroner in 1981 kr.28,255.98 kroner today
kr.50,000 kroner in 1981 kr.141,279.88 kroner today
kr.100,000 kroner in 1981 kr.282,559.76 kroner today
kr.500,000 kroner in 1981 kr.1,412,798.78 kroner today
kr.1,000,000 kroner in 1981 kr.2,825,597.56 kroner today

Value of Krone in time (by year)

Period Value
1981 100
1982 112.28
1983 122.36
1984 129.74
1985 137.04
1986 141.93
1987 148.07
1988 154.12
1989 161.13
1990 168.9
1991 172.07
1992 176.1
1993 178.69
1994 181.37
1995 185.5
1996 188.86
1997 193.27
1998 197.3
1999 200.66
2000 207.09
2001 212.06
2002 216.61
2003 222.13
2004 225.16
2005 227.92
2006 233.17
2007 237.31
2008 242.82
2009 248.62
2010 252.21
2011 259.38
2012 265.73
2013 271.25
2014 273.18
2015 274.28
2016 275.38
2017 276.76
2018 279.52
Today 282.56