Value of 1990 Danish Kroner today

kr.100 in 1990

kr.167.3 in 2018

The inflation rate in Denmark between 1990 and today has been 67.3%, which translates into a total increase of kr.67.3. This means that 100 kroner in 1990 are equivalent to 167.3 kroner in 2018. In other words, the purchasing power of kr.100 in 1990 equals kr.167.3 today. The average annual inflation rate has been 1.79%.

Inflation timeline in Denmark (1990-2018)

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 (1990-2018) 65.5%
Total Inflation* 67.3%
Annual inflation avg. (1990-2018) 1.82%
Annual inflation avg.* 1.79%
CPI 1990 61.21
CPI 2018 101.3
CPI today* 102.4
kr.1 in 1990 kr.1.65 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 28 years between 1990 and 2018 and the average inflation rate has been 1.7903%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = kr.100 * (1 + 0.02)28 = kr.165.5

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 1990 was 61.21 and the CPI today is 102.4. Therefore,

Final value = Initial value *
CPI final/CPI initial
= kr.100 *
101.3/61.21
= kr.165.5

Denmark inflation - Conversion table

Initial Value Equivalent value
kr.1 krone in 1990 kr.1.67 kroner today
kr.5 kroner in 1990 kr.8.36 kroner today
kr.10 kroner in 1990 kr.16.73 kroner today
kr.50 kroner in 1990 kr.83.65 kroner today
kr.100 kroner in 1990 kr.167.3 kroner today
kr.500 kroner in 1990 kr.836.48 kroner today
kr.1,000 kroner in 1990 kr.1,672.96 kroner today
kr.5,000 kroner in 1990 kr.8,364.8 kroner today
kr.10,000 kroner in 1990 kr.16,729.6 kroner today
kr.50,000 kroner in 1990 kr.83,648.01 kroner today
kr.100,000 kroner in 1990 kr.167,296.02 kroner today
kr.500,000 kroner in 1990 kr.836,480.08 kroner today
kr.1,000,000 kroner in 1990 kr.1,672,960.16 kroner today

Value of Krone in time (by year)

Period Value
1990 100
1991 101.88
1992 104.26
1993 105.8
1994 107.39
1995 109.83
1996 111.82
1997 114.43
1998 116.82
1999 118.81
2000 122.61
2001 125.56
2002 128.25
2003 131.52
2004 133.31
2005 134.95
2006 138.05
2007 140.5
2008 143.77
2009 147.2
2010 149.32
2011 153.57
2012 157.33
2013 160.6
2014 161.74
2015 162.39
2016 163.05
2017 163.86
2018 165.5
Today 167.3