kr.

Value of 1996 Danish Kroner today

kr.100 in 1996
kr.166.59 in 2022

The inflation rate in Denmark between 1996 and today has been 66.59%, which translates into a total increase of kr.66.59. This means that 100 kroner in 1996 are equivalent to 166.59 kroner in 2022. In other words, the purchasing power of kr.100 in 1996 equals kr.166.59 today. The average annual inflation rate between these periods has been 1.98%.

Inflation timeline in Denmark (1996 - 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 1996-2021 51.67%
Cumulative inflation 1996-today 66.59%
Avg. Annual inflation 1996-2021 1.68%
CPI 1996 69.46
CPI 2021 105.35
CPI 2022-08 (latest official data) 114.9
CPI today 115.71

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 1996 and 2021, use the corresponding CPI values:

Value2021
=Value1996 ×
CPI2021/CPI1996
=kr. 100 ×
105.35/69.46
kr.151.67

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 115.71:

Valuetoday
=Value1996 ×
CPItoday/CPI1996
=kr. 100 ×
115.71/69.46
kr.166.59

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 25 years between 1996 and 2021 and the average inflation rate was 1.6801%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=kr.100 × (1 + 0.016801)25
kr.151.67

Denmark inflation - Conversion table

Initial Value Equivalent value
kr.1 krone in 1996 kr.1.52 kroner in 2021
kr.5 kroner in 1996 kr.7.58 kroner in 2021
kr.10 kroner in 1996 kr.15.17 kroner in 2021
kr.50 kroner in 1996 kr.75.83 kroner in 2021
kr.100 kroner in 1996 kr.151.67 kroner in 2021
kr.500 kroner in 1996 kr.758.35 kroner in 2021
kr.1,000 kroner in 1996 kr.1,516.7 kroner in 2021
kr.5,000 kroner in 1996 kr.7,583.48 kroner in 2021
kr.10,000 kroner in 1996 kr.15,166.96 kroner in 2021
kr.50,000 kroner in 1996 kr.75,834.78 kroner in 2021
kr.100,000 kroner in 1996 kr.151,669.57 kroner in 2021
kr.500,000 kroner in 1996 kr.758,347.84 kroner in 2021
kr.1,000,000 kroner in 1996 kr.1,516,695.67 kroner in 2021
Cumulative inflation From 1996 66.59%
Avg. annual inflation From 1996 1.98%
CPI 1996 69.46
CPI today 115.71

Value of Krone over time (by year)

Period Value
1996 100
1997 102.18
1998 104.07
1999 106.67
2000 109.76
2001 112.33
2002 115.05
2003 117.44
2004 118.8
2005 120.96
2006 123.28
2007 125.37
2008 129.65
2009 131.35
2010 134.38
2011 138.09
2012 141.4
2013 142.52
2014 143.32
2015 143.97
2016 144.33
2017 145.98
2018 147.17
2019 148.29
2020 148.91
2021 151.67
2022-08 165.42
Today 166.59

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 |

Other currencies: