Value of 1983 Danish Kroner today

kr.100 in 1983

kr.230.93 in 2018

The inflation rate in Denmark between 1983 and today has been 130.93%, which translates into a total increase of kr.130.93. This means that 100 kroner in 1983 are equivalent to 230.93 kroner in 2018. In other words, the purchasing power of kr.100 in 1983 equals kr.230.93 today. The average annual inflation rate has been 2.35%.

Inflation timeline in Denmark (1983-2018)

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 (1983-2018) 128.45%
Total Inflation* 130.93%
Annual inflation avg. (1983-2018) 2.39%
Annual inflation avg.* 2.35%
CPI 1983 44.34
CPI 2018 101.3
CPI today* 102.4
kr.1 in 1983 kr.2.28 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 35 years between 1983 and 2018 and the average inflation rate has been 2.3521%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = kr.100 * (1 + 0.02)35 = kr.228.45

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 1983 was 44.34 and the CPI today is 102.4. Therefore,

Final value = Initial value *
CPI final/CPI initial
= kr.100 *
101.3/44.34
= kr.228.45

Denmark inflation - Conversion table

Initial Value Equivalent value
kr.1 krone in 1983 kr.2.31 kroner today
kr.5 kroner in 1983 kr.11.55 kroner today
kr.10 kroner in 1983 kr.23.09 kroner today
kr.50 kroner in 1983 kr.115.47 kroner today
kr.100 kroner in 1983 kr.230.93 kroner today
kr.500 kroner in 1983 kr.1,154.67 kroner today
kr.1,000 kroner in 1983 kr.2,309.34 kroner today
kr.5,000 kroner in 1983 kr.11,546.69 kroner today
kr.10,000 kroner in 1983 kr.23,093.39 kroner today
kr.50,000 kroner in 1983 kr.115,466.95 kroner today
kr.100,000 kroner in 1983 kr.230,933.9 kroner today
kr.500,000 kroner in 1983 kr.1,154,669.48 kroner today
kr.1,000,000 kroner in 1983 kr.2,309,338.96 kroner today

Value of Krone in time (by year)

Period Value
1983 100
1984 106.04
1985 112
1986 116
1987 121.02
1988 125.96
1989 131.69
1990 138.04
1991 140.63
1992 143.92
1993 146.04
1994 148.24
1995 151.61
1996 154.35
1997 157.96
1998 161.25
1999 164
2000 169.25
2001 173.32
2002 177.03
2003 181.54
2004 184.02
2005 186.28
2006 190.56
2007 193.95
2008 198.46
2009 203.19
2010 206.13
2011 211.99
2012 217.18
2013 221.69
2014 223.27
2015 224.17
2016 225.07
2017 226.2
2018 228.45
Today 230.93