Value of 1997 Danish Kroner today

kr.100 in 1997

kr.146.2 in 2018

The inflation rate in Denmark between 1997 and today has been 46.2%, which translates into a total increase of kr.46.2. This means that 100 kroner in 1997 are equivalent to 146.2 kroner in 2018. In other words, the purchasing power of kr.100 in 1997 equals kr.146.2 today. The average annual inflation rate has been 1.74%.

Inflation timeline in Denmark (1997-2018)

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 (1997-2018) 44.63%
Total Inflation* 46.2%
Annual inflation avg. (1997-2018) 1.77%
Annual inflation avg.* 1.74%
CPI 1997 70.04
CPI 2018 101.3
CPI today* 102.4
kr.1 in 1997 kr.1.45 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 21 years between 1997 and 2018 and the average inflation rate has been 1.7413%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = kr.100 * (1 + 0.02)21 = kr.144.63

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 1997 was 70.04 and the CPI today is 102.4. Therefore,

Final value = Initial value *
CPI final/CPI initial
= kr.100 *
101.3/70.04
= kr.144.63

Denmark inflation - Conversion table

Initial Value Equivalent value
kr.1 krone in 1997 kr.1.46 kroner today
kr.5 kroner in 1997 kr.7.31 kroner today
kr.10 kroner in 1997 kr.14.62 kroner today
kr.50 kroner in 1997 kr.73.1 kroner today
kr.100 kroner in 1997 kr.146.2 kroner today
kr.500 kroner in 1997 kr.730.98 kroner today
kr.1,000 kroner in 1997 kr.1,461.97 kroner today
kr.5,000 kroner in 1997 kr.7,309.85 kroner today
kr.10,000 kroner in 1997 kr.14,619.7 kroner today
kr.50,000 kroner in 1997 kr.73,098.49 kroner today
kr.100,000 kroner in 1997 kr.146,196.99 kroner today
kr.500,000 kroner in 1997 kr.730,984.94 kroner today
kr.1,000,000 kroner in 1997 kr.1,461,969.89 kroner today

Value of Krone in time (by year)

Period Value
1997 100
1998 102.09
1999 103.82
2000 107.15
2001 109.72
2002 112.07
2003 114.93
2004 116.5
2005 117.93
2006 120.64
2007 122.78
2008 125.64
2009 128.64
2010 130.49
2011 134.2
2012 137.49
2013 140.34
2014 141.34
2015 141.91
2016 142.48
2017 143.2
2018 144.63
Today 146.2