kr.

Value of 1983 Danish Kroner today

kr.100 in 1983
kr.241.89 in 2022

The inflation rate in Denmark between 1983 and today has been 141.89%, which translates into a total increase of kr.141.89. This means that 100 kroner in 1983 are equivalent to 241.89 kroner in 2022. In other words, the purchasing power of kr.100 in 1983 equals kr.241.89 today. The average annual inflation rate between these periods has been 2.29%.

Inflation timeline in Denmark (1983 - 2022)

The following chart depicts the equivalence of kr.100 due to compound inflation and CPI changes. All values are equivalent in terms of purchasing 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 extrapolated from the latest 12-month rolling average official data.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation 1983-2021 130.29%
Cumulative inflation 1983-today 141.89%
Avg. Annual inflation 1983-2021 2.22%
CPI 1983 45.75
CPI 2021 105.35
CPI 2022-03 (latest official data) 109.9
CPI today 110.66

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 Consumer Price Index (CPI) formula or the compound interest formula.

Using the CPI formula

When we have both the start and end years, we can use the following formula:

Valuet =Value0 ×
CPIt/CPI0

To obtain the values equivalent in buying power between 1983 and 2021, use the corresponding CPI values:

Value2021
=Value1983 ×
CPI2021/CPI1983
=kr. 100 ×
105.35/45.75
kr.230.29

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 110.66:

Valuetoday
=Value1983 ×
CPItoday/CPI1983
=kr. 100 ×
110.66/45.75
kr.241.89

Alternative: Using the compound interest formula

Given that money changes with time as a result of an inflation rate that acts as compound interest, we can use the following formula: 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 1983 and 2021 and the average inflation rate was 2.2194%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=kr.100 × (1 + 0.022194)38
kr.230.29

Denmark inflation - Conversion table

Initial Value Equivalent value
kr.1 krone in 1983 kr.2.3 kroner in 2021
kr.5 kroner in 1983 kr.11.51 kroner in 2021
kr.10 kroner in 1983 kr.23.03 kroner in 2021
kr.50 kroner in 1983 kr.115.14 kroner in 2021
kr.100 kroner in 1983 kr.230.29 kroner in 2021
kr.500 kroner in 1983 kr.1,151.43 kroner in 2021
kr.1,000 kroner in 1983 kr.2,302.86 kroner in 2021
kr.5,000 kroner in 1983 kr.11,514.3 kroner in 2021
kr.10,000 kroner in 1983 kr.23,028.6 kroner in 2021
kr.50,000 kroner in 1983 kr.115,143 kroner in 2021
kr.100,000 kroner in 1983 kr.230,286.01 kroner in 2021
kr.500,000 kroner in 1983 kr.1,151,430.05 kroner in 2021
kr.1,000,000 kroner in 1983 kr.2,302,860.09 kroner in 2021
Cumulative inflation From 1983 141.89%
Avg. annual inflation From 1983 2.29%
CPI 1983 45.75
CPI today 110.66

Value of Krone over time (by year)

Period Value
1983 100
1984 106.29
1985 111.26
1986 115.36
1987 119.99
1988 125.44
1989 131.42
1990 134.89
1991 138.12
1992 141.02
1993 142.79
1994 145.64
1995 148.67
1996 151.83
1997 155.15
1998 158.01
1999 161.96
2000 166.66
2001 170.56
2002 174.69
2003 178.32
2004 180.37
2005 183.65
2006 187.19
2007 190.36
2008 196.86
2009 199.43
2010 204.04
2011 209.67
2012 214.69
2013 216.39
2014 217.61
2015 218.59
2016 219.14
2017 221.65
2018 223.46
2019 225.15
2020 226.1
2021 230.29
2022-03 240.23
Today 241.89

All available years

Today's value of danish kroner by year:

1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |

Other currencies: