# Value of 1998 Danish Kroner today

kr.100 in 1998

kr.144.67 in 2021

The inflation rate in Denmark between 1998 and today has been 44.67%, which translates into a total increase of kr.44.67. This means that 100 kroner in 1998 are equivalent to 144.67 kroner in 2021. In other words, the purchasing power of kr.100 in 1998 equals kr.144.67 today. The average annual inflation rate has been 1.55%.

## Inflation timeline in Denmark (1998-2021)

The following chart depicts the equivalence of kr.100 throughout the years due to 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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1998-2021) 44.61%
Total Inflation* 44.67%
Annual inflation avg. (1998-2021) 1.62%
Annual inflation avg.* 1.55%
CPI 1998 71.5
CPI 2021 103.4
CPI today* 103.44
kr.1 in 1998 kr.1.45 in 2021

* 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 with 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 23 years between 1998 and 2021 and the average inflation rate has been 1.5506%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = kr.100 * (1 + 0.02)23 = kr.144.61

#### 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 1998 was 71.5 and the CPI today is 103.44. Therefore,

Final value = Initial value *
CPI final/CPI initial
= kr.100 *
103.4/71.5
= kr.144.61

### Denmark inflation - Conversion table

Initial Value Equivalent value
kr.1 krone in 1998 kr.1.45 kroner today
kr.5 kroner in 1998 kr.7.23 kroner today
kr.10 kroner in 1998 kr.14.47 kroner today
kr.50 kroner in 1998 kr.72.33 kroner today
kr.100 kroner in 1998 kr.144.67 kroner today
kr.500 kroner in 1998 kr.723.34 kroner today
kr.1,000 kroner in 1998 kr.1,446.69 kroner today
kr.5,000 kroner in 1998 kr.7,233.45 kroner today
kr.10,000 kroner in 1998 kr.14,466.9 kroner today
kr.50,000 kroner in 1998 kr.72,334.5 kroner today
kr.100,000 kroner in 1998 kr.144,669 kroner today
kr.500,000 kroner in 1998 kr.723,344.98 kroner today
kr.1,000,000 kroner in 1998 kr.1,446,689.95 kroner today

Period Value
1998 100
1999 101.7
2000 104.96
2001 107.48
2002 109.78
2003 112.58
2004 114.12
2005 115.52
2006 118.18
2007 120.27
2008 123.07
2009 126.01
2010 127.83
2011 131.46
2012 134.68
2013 137.48
2014 138.45
2015 139.01
2016 139.57
2017 140.27
2018 141.67
2019 142.79
2020 143.91
2021 144.61
Today 144.67