kr.

Value of 1987 Danish Kroner today

kr.100 in 1987
kr.201.59 in 2022

The inflation rate in Denmark between 1987 and today has been 101.59%, which translates into a total increase of kr.101.59. This means that 100 kroner in 1987 are equivalent to 201.59 kroner in 2022. In other words, the purchasing power of kr.100 in 1987 equals kr.201.59 today. The average annual inflation rate between these periods has been 2.02%.

Inflation timeline in Denmark (1987 - 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 1987-2021 91.92%
Cumulative inflation 1987-today 101.59%
Avg. Annual inflation 1987-2021 1.94%
CPI 1987 54.89
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 1987 and 2021, use the corresponding CPI values:

Value2021
=Value1987 ×
CPI2021/CPI1987
=kr. 100 ×
105.35/54.89
kr.191.92

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

Valuetoday
=Value1987 ×
CPItoday/CPI1987
=kr. 100 ×
110.66/54.89
kr.201.59

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 34 years between 1987 and 2021 and the average inflation rate was 1.9358%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=kr.100 × (1 + 0.019358)34
kr.191.92

Denmark inflation - Conversion table

Initial Value Equivalent value
kr.1 krone in 1987 kr.1.92 kroner in 2021
kr.5 kroner in 1987 kr.9.6 kroner in 2021
kr.10 kroner in 1987 kr.19.19 kroner in 2021
kr.50 kroner in 1987 kr.95.96 kroner in 2021
kr.100 kroner in 1987 kr.191.92 kroner in 2021
kr.500 kroner in 1987 kr.959.58 kroner in 2021
kr.1,000 kroner in 1987 kr.1,919.15 kroner in 2021
kr.5,000 kroner in 1987 kr.9,595.76 kroner in 2021
kr.10,000 kroner in 1987 kr.19,191.52 kroner in 2021
kr.50,000 kroner in 1987 kr.95,957.58 kroner in 2021
kr.100,000 kroner in 1987 kr.191,915.15 kroner in 2021
kr.500,000 kroner in 1987 kr.959,575.76 kroner in 2021
kr.1,000,000 kroner in 1987 kr.1,919,151.53 kroner in 2021
Cumulative inflation From 1987 101.59%
Avg. annual inflation From 1987 2.02%
CPI 1987 54.89
CPI today 110.66

Value of Krone over time (by year)

Period Value
1987 100
1988 104.54
1989 109.52
1990 112.42
1991 115.11
1992 117.52
1993 119
1994 121.37
1995 123.9
1996 126.54
1997 129.3
1998 131.68
1999 134.97
2000 138.89
2001 142.14
2002 145.58
2003 148.6
2004 150.32
2005 153.05
2006 156
2007 158.64
2008 164.06
2009 166.2
2010 170.04
2011 174.73
2012 178.92
2013 180.33
2014 181.35
2015 182.17
2016 182.62
2017 184.72
2018 186.22
2019 187.63
2020 188.42
2021 191.92
2022-03 200.2
Today 201.59

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 |

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