kr.

Value of 1988 Danish Kroner today

kr.100 in 1988
kr.195.37 in 2022

The inflation rate in Denmark between 1988 and today has been 95.37%, which translates into a total increase of kr.95.37. This means that 100 kroner in 1988 are equivalent to 195.37 kroner in 2022. In other words, the purchasing power of kr.100 in 1988 equals kr.195.37 today. The average annual inflation rate between these periods has been 1.99%.

Inflation timeline in Denmark (1988 - 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 1988-2021 83.59%
Cumulative inflation 1988-today 95.37%
Avg. Annual inflation 1988-2021 1.86%
CPI 1988 57.38
CPI 2021 105.35
CPI 2022-04 (latest official data) 111.7
CPI today 112.11

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 1988 and 2021, use the corresponding CPI values:

Value2021
=Value1988 ×
CPI2021/CPI1988
=kr. 100 ×
105.35/57.38
kr.183.59

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 112.11:

Valuetoday
=Value1988 ×
CPItoday/CPI1988
=kr. 100 ×
112.11/57.38
kr.195.37

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 33 years between 1988 and 2021 and the average inflation rate was 1.8581%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=kr.100 × (1 + 0.018581)33
kr.183.59

Denmark inflation - Conversion table

Initial Value Equivalent value
kr.1 krone in 1988 kr.1.84 kroner in 2021
kr.5 kroner in 1988 kr.9.18 kroner in 2021
kr.10 kroner in 1988 kr.18.36 kroner in 2021
kr.50 kroner in 1988 kr.91.79 kroner in 2021
kr.100 kroner in 1988 kr.183.59 kroner in 2021
kr.500 kroner in 1988 kr.917.95 kroner in 2021
kr.1,000 kroner in 1988 kr.1,835.89 kroner in 2021
kr.5,000 kroner in 1988 kr.9,179.46 kroner in 2021
kr.10,000 kroner in 1988 kr.18,358.91 kroner in 2021
kr.50,000 kroner in 1988 kr.91,794.57 kroner in 2021
kr.100,000 kroner in 1988 kr.183,589.14 kroner in 2021
kr.500,000 kroner in 1988 kr.917,945.68 kroner in 2021
kr.1,000,000 kroner in 1988 kr.1,835,891.35 kroner in 2021
Cumulative inflation From 1988 95.37%
Avg. annual inflation From 1988 1.99%
CPI 1988 57.38
CPI today 112.11

Value of Krone over time (by year)

Period Value
1988 100
1989 104.77
1990 107.54
1991 110.12
1992 112.42
1993 113.84
1994 116.11
1995 118.53
1996 121.05
1997 123.69
1998 125.97
1999 129.12
2000 132.86
2001 135.97
2002 139.27
2003 142.16
2004 143.8
2005 146.41
2006 149.23
2007 151.76
2008 156.94
2009 158.99
2010 162.66
2011 167.15
2012 171.16
2013 172.51
2014 173.48
2015 174.27
2016 174.7
2017 176.71
2018 178.14
2019 179.49
2020 180.25
2021 183.59
2022-04 194.66
Today 195.37

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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