Value of 1984 Danish Kroner today

kr.100 in 1984

kr.217.78 in 2018

The inflation rate in Denmark between 1984 and today has been 117.78%, which translates into a total increase of kr.117.78. This means that 100 kroner in 1984 are equivalent to 217.78 kroner in 2018. In other words, the purchasing power of kr.100 in 1984 equals kr.217.78 today. The average annual inflation rate has been 2.25%.

Inflation timeline in Denmark (1984-2018)

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 (1984-2018) 115.44%
Total Inflation* 117.78%
Annual inflation avg. (1984-2018) 2.28%
Annual inflation avg.* 2.25%
CPI 1984 47.02
CPI 2018 101.3
CPI today* 102.4
kr.1 in 1984 kr.2.15 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 34 years between 1984 and 2018 and the average inflation rate has been 2.2487%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = kr.100 * (1 + 0.02)34 = kr.215.44

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 1984 was 47.02 and the CPI today is 102.4. Therefore,

Final value = Initial value *
CPI final/CPI initial
= kr.100 *
101.3/47.02
= kr.215.44

Denmark inflation - Conversion table

Initial Value Equivalent value
kr.1 krone in 1984 kr.2.18 kroner today
kr.5 kroner in 1984 kr.10.89 kroner today
kr.10 kroner in 1984 kr.21.78 kroner today
kr.50 kroner in 1984 kr.108.89 kroner today
kr.100 kroner in 1984 kr.217.78 kroner today
kr.500 kroner in 1984 kr.1,088.91 kroner today
kr.1,000 kroner in 1984 kr.2,177.82 kroner today
kr.5,000 kroner in 1984 kr.10,889.09 kroner today
kr.10,000 kroner in 1984 kr.21,778.18 kroner today
kr.50,000 kroner in 1984 kr.108,890.89 kroner today
kr.100,000 kroner in 1984 kr.217,781.79 kroner today
kr.500,000 kroner in 1984 kr.1,088,908.94 kroner today
kr.1,000,000 kroner in 1984 kr.2,177,817.88 kroner today

Value of Krone in time (by year)

Period Value
1984 100
1985 105.62
1986 109.39
1987 114.13
1988 118.79
1989 124.19
1990 130.18
1991 132.62
1992 135.72
1993 137.72
1994 139.79
1995 142.97
1996 145.56
1997 148.96
1998 152.07
1999 154.66
2000 159.62
2001 163.45
2002 166.95
2003 171.2
2004 173.54
2005 175.67
2006 179.71
2007 182.9
2008 187.16
2009 191.62
2010 194.39
2011 199.92
2012 204.81
2013 209.06
2014 210.55
2015 211.4
2016 212.25
2017 213.31
2018 215.44
Today 217.78