kr.

Value of 1989 Danish Kroner today

kr.100 in 1989
kr.194.11 in 2023

The inflation rate in Denmark between 1989 and today has been 94.11%, which translates into a total increase of kr.94.11. This means that 100 kroner in 1989 are equivalent to 194.11 kroner in 2023. In other words, the purchasing power of kr.100 in 1989 equals kr.194.11 today. The average annual inflation rate between these periods has been 1.97%.

Inflation timeline in Denmark (1989 - 2023)

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 1989-2022 88.71%
Cumulative inflation 1989-today 94.11%
Avg. Annual inflation 1989-2022 1.94%
CPI 1989 60.12
CPI 2022 113.46
CPI 2022-12 (latest official data) 115.9
CPI today 116.7

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 1989 and 2022, use the corresponding CPI values:

Value2022
=Value1989 ×
CPI2022/CPI1989
=kr. 100 ×
113.46/60.12
kr.188.71

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 116.7:

Valuetoday
=Value1989 ×
CPItoday/CPI1989
=kr. 100 ×
116.7/60.12
kr.194.11

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 1989 and 2022 and the average inflation rate was 1.943%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=kr.100 × (1 + 0.01943)33
kr.188.71

Denmark inflation - Conversion table

Initial Value Equivalent value
kr.1 krone in 1989 kr.1.89 kroner in 2022
kr.5 kroner in 1989 kr.9.44 kroner in 2022
kr.10 kroner in 1989 kr.18.87 kroner in 2022
kr.50 kroner in 1989 kr.94.36 kroner in 2022
kr.100 kroner in 1989 kr.188.71 kroner in 2022
kr.500 kroner in 1989 kr.943.56 kroner in 2022
kr.1,000 kroner in 1989 kr.1,887.12 kroner in 2022
kr.5,000 kroner in 1989 kr.9,435.62 kroner in 2022
kr.10,000 kroner in 1989 kr.18,871.24 kroner in 2022
kr.50,000 kroner in 1989 kr.94,356.21 kroner in 2022
kr.100,000 kroner in 1989 kr.188,712.41 kroner in 2022
kr.500,000 kroner in 1989 kr.943,562.07 kroner in 2022
kr.1,000,000 kroner in 1989 kr.1,887,124.14 kroner in 2022
Cumulative inflation From 1989 94.11%
Avg. annual inflation From 1989 1.97%
CPI 1989 60.12
CPI today 116.7

Value of Krone over time (by year)

Period Value
1989 100
1990 102.64
1991 105.1
1992 107.3
1993 108.65
1994 110.82
1995 113.13
1996 115.53
1997 118.05
1998 120.23
1999 123.23
2000 126.81
2001 129.78
2002 132.92
2003 135.68
2004 137.25
2005 139.74
2006 142.43
2007 144.84
2008 149.79
2009 151.75
2010 155.25
2011 159.54
2012 163.36
2013 164.65
2014 165.58
2015 166.33
2016 166.74
2017 168.66
2018 170.03
2019 171.32
2020 172.04
2021 175.23
2022 188.71
2022-12 192.77
Today 194.11

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 | 2022 |

Other currencies: