kr.

Value of 1999 Danish Kroner today

kr.100 in 1999
kr.157.51 in 2023

The inflation rate in Denmark between 1999 and today has been 57.51%, which translates into a total increase of kr.57.51. This means that 100 kroner in 1999 are equivalent to 157.51 kroner in 2023. In other words, the purchasing power of kr.100 in 1999 equals kr.157.51 today. The average annual inflation rate between these periods has been 1.91%.

Inflation timeline in Denmark (1999 - 2023)

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 1999-2022 53.13%
Cumulative inflation 1999-today 57.51%
Avg. Annual inflation 1999-2022 1.87%
CPI 1999 74.09
CPI 2022 113.46
CPI 2022-12 (latest official data) 115.9
CPI today 116.7

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 1999 and 2022, use the corresponding CPI values:

Value2022
=Value1999 ×
CPI2022/CPI1999
=kr. 100 ×
113.46/74.09
kr.153.13

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 116.7:

Valuetoday
=Value1999 ×
CPItoday/CPI1999
=kr. 100 ×
116.7/74.09
kr.157.51

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 1999 and 2022 and the average inflation rate was 1.87%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=kr.100 × (1 + 0.0187)23
kr.153.13

Denmark inflation - Conversion table

Initial Value Equivalent value
kr.1 krone in 1999 kr.1.53 kroner in 2022
kr.5 kroner in 1999 kr.7.66 kroner in 2022
kr.10 kroner in 1999 kr.15.31 kroner in 2022
kr.50 kroner in 1999 kr.76.57 kroner in 2022
kr.100 kroner in 1999 kr.153.13 kroner in 2022
kr.500 kroner in 1999 kr.765.66 kroner in 2022
kr.1,000 kroner in 1999 kr.1,531.33 kroner in 2022
kr.5,000 kroner in 1999 kr.7,656.64 kroner in 2022
kr.10,000 kroner in 1999 kr.15,313.28 kroner in 2022
kr.50,000 kroner in 1999 kr.76,566.38 kroner in 2022
kr.100,000 kroner in 1999 kr.153,132.76 kroner in 2022
kr.500,000 kroner in 1999 kr.765,663.82 kroner in 2022
kr.1,000,000 kroner in 1999 kr.1,531,327.63 kroner in 2022
Cumulative inflation From 1999 57.51%
Avg. annual inflation From 1999 1.91%
CPI 1999 74.09
CPI today 116.7

Value of Krone over time (by year)

Period Value
1999 100
2000 102.9
2001 105.31
2002 107.86
2003 110.1
2004 111.37
2005 113.4
2006 115.58
2007 117.53
2008 121.55
2009 123.14
2010 125.98
2011 129.46
2012 132.56
2013 133.61
2014 134.36
2015 134.97
2016 135.31
2017 136.86
2018 137.97
2019 139.02
2020 139.6
2021 142.19
2022 153.13
2022-12 156.43
Today 157.51

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 | 2022 |

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