Value of 1988 Danish Kroner today

kr.100 in 1988

kr.183.34 in 2018

The inflation rate in Denmark between 1988 and today has been 83.34%, which translates into a total increase of kr.83.34. This means that 100 kroner in 1988 are equivalent to 183.34 kroner in 2018. In other words, the purchasing power of kr.100 in 1988 equals kr.183.34 today. The average annual inflation rate has been 1.97%.

Inflation timeline in Denmark (1988-2018)

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 (1988-2018) 81.37%
Total Inflation* 83.34%
Annual inflation avg. (1988-2018) 2%
Annual inflation avg.* 1.97%
CPI 1988 55.85
CPI 2018 101.3
CPI today* 102.4
kr.1 in 1988 kr.1.81 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 30 years between 1988 and 2018 and the average inflation rate has been 1.9746%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = kr.100 * (1 + 0.02)30 = kr.181.37

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 1988 was 55.85 and the CPI today is 102.4. Therefore,

Final value = Initial value *
CPI final/CPI initial
= kr.100 *
101.3/55.85
= kr.181.37

Denmark inflation - Conversion table

Initial Value Equivalent value
kr.1 krone in 1988 kr.1.83 kroner today
kr.5 kroner in 1988 kr.9.17 kroner today
kr.10 kroner in 1988 kr.18.33 kroner today
kr.50 kroner in 1988 kr.91.67 kroner today
kr.100 kroner in 1988 kr.183.34 kroner today
kr.500 kroner in 1988 kr.916.69 kroner today
kr.1,000 kroner in 1988 kr.1,833.38 kroner today
kr.5,000 kroner in 1988 kr.9,166.91 kroner today
kr.10,000 kroner in 1988 kr.18,333.81 kroner today
kr.50,000 kroner in 1988 kr.91,669.05 kroner today
kr.100,000 kroner in 1988 kr.183,338.1 kroner today
kr.500,000 kroner in 1988 kr.916,690.5 kroner today
kr.1,000,000 kroner in 1988 kr.1,833,381 kroner today

Value of Krone in time (by year)

Period Value
1988 100
1989 104.55
1990 109.59
1991 111.64
1992 114.26
1993 115.94
1994 117.68
1995 120.36
1996 122.54
1997 125.4
1998 128.02
1999 130.2
2000 134.37
2001 137.6
2002 140.55
2003 144.13
2004 146.1
2005 147.89
2006 151.29
2007 153.97
2008 157.56
2009 161.32
2010 163.64
2011 168.3
2012 172.42
2013 176
2014 177.25
2015 177.97
2016 178.68
2017 179.58
2018 181.37
Today 183.34