kr.

Value of 1997 Danish Kroner today

kr.100 in 1997
kr.158.04 in 2022

The inflation rate in Denmark between 1997 and today has been 58.04%, which translates into a total increase of kr.58.04. This means that 100 kroner in 1997 are equivalent to 158.04 kroner in 2022. In other words, the purchasing power of kr.100 in 1997 equals kr.158.04 today. The average annual inflation rate between these periods has been 1.85%.

Inflation timeline in Denmark (1997 - 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 1997-2021 48.43%
Cumulative inflation 1997-today 58.04%
Avg. Annual inflation 1997-2021 1.66%
CPI 1997 70.98
CPI 2021 105.35
CPI 2022-04 (latest official data) 111.7
CPI today 112.17

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 1997 and 2021, use the corresponding CPI values:

Value2021
=Value1997 ×
CPI2021/CPI1997
=kr. 100 ×
105.35/70.98
kr.148.43

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 112.17:

Valuetoday
=Value1997 ×
CPItoday/CPI1997
=kr. 100 ×
112.17/70.98
kr.158.04

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 24 years between 1997 and 2021 and the average inflation rate was 1.6592%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=kr.100 × (1 + 0.016592)24
kr.148.43

Denmark inflation - Conversion table

Initial Value Equivalent value
kr.1 krone in 1997 kr.1.48 kroner in 2021
kr.5 kroner in 1997 kr.7.42 kroner in 2021
kr.10 kroner in 1997 kr.14.84 kroner in 2021
kr.50 kroner in 1997 kr.74.22 kroner in 2021
kr.100 kroner in 1997 kr.148.43 kroner in 2021
kr.500 kroner in 1997 kr.742.15 kroner in 2021
kr.1,000 kroner in 1997 kr.1,484.31 kroner in 2021
kr.5,000 kroner in 1997 kr.7,421.53 kroner in 2021
kr.10,000 kroner in 1997 kr.14,843.06 kroner in 2021
kr.50,000 kroner in 1997 kr.74,215.29 kroner in 2021
kr.100,000 kroner in 1997 kr.148,430.58 kroner in 2021
kr.500,000 kroner in 1997 kr.742,152.9 kroner in 2021
kr.1,000,000 kroner in 1997 kr.1,484,305.81 kroner in 2021
Cumulative inflation From 1997 58.04%
Avg. annual inflation From 1997 1.85%
CPI 1997 70.98
CPI today 112.17

Value of Krone over time (by year)

Period Value
1997 100
1998 101.85
1999 104.39
2000 107.42
2001 109.93
2002 112.6
2003 114.93
2004 116.26
2005 118.37
2006 120.65
2007 122.69
2008 126.89
2009 128.54
2010 131.51
2011 135.14
2012 138.38
2013 139.47
2014 140.26
2015 140.89
2016 141.25
2017 142.87
2018 144.03
2019 145.12
2020 145.73
2021 148.43
2022-04 157.38
Today 158.04

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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