Value of 1989 Danish Kroner today

kr.100 in 1989

kr.175.37 in 2018

The inflation rate in Denmark between 1989 and today has been 75.37%, which translates into a total increase of kr.75.37. This means that 100 kroner in 1989 are equivalent to 175.37 kroner in 2018. In other words, the purchasing power of kr.100 in 1989 equals kr.175.37 today. The average annual inflation rate has been 1.89%.

Inflation timeline in Denmark (1989-2018)

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 (1989-2018) 73.48%
Total Inflation* 75.37%
Annual inflation avg. (1989-2018) 1.92%
Annual inflation avg.* 1.89%
CPI 1989 58.39
CPI 2018 101.3
CPI today* 102.4
kr.1 in 1989 kr.1.73 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 29 years between 1989 and 2018 and the average inflation rate has been 1.89%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = kr.100 * (1 + 0.02)29 = kr.173.48

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 1989 was 58.39 and the CPI today is 102.4. Therefore,

Final value = Initial value *
CPI final/CPI initial
= kr.100 *
101.3/58.39
= kr.173.48

Denmark inflation - Conversion table

Initial Value Equivalent value
kr.1 krone in 1989 kr.1.75 kroner today
kr.5 kroner in 1989 kr.8.77 kroner today
kr.10 kroner in 1989 kr.17.54 kroner today
kr.50 kroner in 1989 kr.87.68 kroner today
kr.100 kroner in 1989 kr.175.37 kroner today
kr.500 kroner in 1989 kr.876.83 kroner today
kr.1,000 kroner in 1989 kr.1,753.67 kroner today
kr.5,000 kroner in 1989 kr.8,768.34 kroner today
kr.10,000 kroner in 1989 kr.17,536.67 kroner today
kr.50,000 kroner in 1989 kr.87,683.36 kroner today
kr.100,000 kroner in 1989 kr.175,366.72 kroner today
kr.500,000 kroner in 1989 kr.876,833.59 kroner today
kr.1,000,000 kroner in 1989 kr.1,753,667.18 kroner today

Value of Krone in time (by year)

Period Value
1989 100
1990 104.82
1991 106.79
1992 109.29
1993 110.9
1994 112.57
1995 115.13
1996 117.21
1997 119.95
1998 122.45
1999 124.54
2000 128.53
2001 131.61
2002 134.44
2003 137.86
2004 139.74
2005 141.46
2006 144.71
2007 147.28
2008 150.71
2009 154.3
2010 156.53
2011 160.98
2012 164.92
2013 168.34
2014 169.54
2015 170.23
2016 170.91
2017 171.77
2018 173.48
Today 175.37