kr.

Value of 1998 Danish Kroner today

kr.100 in 1998
kr.160 in 2022

The inflation rate in Denmark between 1998 and today has been 60%, which translates into a total increase of kr.60. This means that 100 kroner in 1998 are equivalent to 160 kroner in 2022. In other words, the purchasing power of kr.100 in 1998 equals kr.160 today. The average annual inflation rate between these periods has been 1.98%.

Inflation timeline in Denmark (1998 - 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 1998-2021 45.74%
Cumulative inflation 1998-today 60%
Avg. Annual inflation 1998-2021 1.65%
CPI 1998 72.29
CPI 2021 105.35
CPI 2022-08 (latest official data) 114.9
CPI today 115.66

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 1998 and 2021, use the corresponding CPI values:

Value2021
=Value1998 ×
CPI2021/CPI1998
=kr. 100 ×
105.35/72.29
kr.145.74

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 115.66:

Valuetoday
=Value1998 ×
CPItoday/CPI1998
=kr. 100 ×
115.66/72.29
kr.160

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 23 years between 1998 and 2021 and the average inflation rate was 1.6511%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=kr.100 × (1 + 0.016511)23
kr.145.74

Denmark inflation - Conversion table

Initial Value Equivalent value
kr.1 krone in 1998 kr.1.46 kroner in 2021
kr.5 kroner in 1998 kr.7.29 kroner in 2021
kr.10 kroner in 1998 kr.14.57 kroner in 2021
kr.50 kroner in 1998 kr.72.87 kroner in 2021
kr.100 kroner in 1998 kr.145.74 kroner in 2021
kr.500 kroner in 1998 kr.728.7 kroner in 2021
kr.1,000 kroner in 1998 kr.1,457.41 kroner in 2021
kr.5,000 kroner in 1998 kr.7,287.04 kroner in 2021
kr.10,000 kroner in 1998 kr.14,574.07 kroner in 2021
kr.50,000 kroner in 1998 kr.72,870.36 kroner in 2021
kr.100,000 kroner in 1998 kr.145,740.71 kroner in 2021
kr.500,000 kroner in 1998 kr.728,703.56 kroner in 2021
kr.1,000,000 kroner in 1998 kr.1,457,407.12 kroner in 2021
Cumulative inflation From 1998 60%
Avg. annual inflation From 1998 1.98%
CPI 1998 72.29
CPI today 115.66

Value of Krone over time (by year)

Period Value
1998 100
1999 102.5
2000 105.47
2001 107.94
2002 110.56
2003 112.85
2004 114.15
2005 116.23
2006 118.46
2007 120.47
2008 124.59
2009 126.21
2010 129.13
2011 132.69
2012 135.87
2013 136.94
2014 137.72
2015 138.34
2016 138.69
2017 140.28
2018 141.42
2019 142.49
2020 143.09
2021 145.74
2022-08 158.95
Today 160

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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