kr.

Value of 2001 Danish Kroner today

kr.100 in 2001
kr.151.68 in 2022

The inflation rate in Denmark between 2001 and today has been 51.68%, which translates into a total increase of kr.51.68. This means that 100 kroner in 2001 are equivalent to 151.68 kroner in 2022. In other words, the purchasing power of kr.100 in 2001 equals kr.151.68 today. The average annual inflation rate between these periods has been 2%.

Inflation timeline in Denmark (2001 - 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 2001-2021 35.02%
Cumulative inflation 2001-today 51.68%
Avg. Annual inflation 2001-2021 1.51%
CPI 2001 78.03
CPI 2021 105.35
CPI 2022-10 (latest official data) 117.6
CPI today 118.35

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 2001 and 2021, use the corresponding CPI values:

Value2021
=Value2001 ×
CPI2021/CPI2001
=kr. 100 ×
105.35/78.03
kr.135.02

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 118.35:

Valuetoday
=Value2001 ×
CPItoday/CPI2001
=kr. 100 ×
118.35/78.03
kr.151.68

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 20 years between 2001 and 2021 and the average inflation rate was 1.5126%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=kr.100 × (1 + 0.015126)20
kr.135.02

Denmark inflation - Conversion table

Initial Value Equivalent value
kr.1 krone in 2001 kr.1.35 kroner in 2021
kr.5 kroner in 2001 kr.6.75 kroner in 2021
kr.10 kroner in 2001 kr.13.5 kroner in 2021
kr.50 kroner in 2001 kr.67.51 kroner in 2021
kr.100 kroner in 2001 kr.135.02 kroner in 2021
kr.500 kroner in 2001 kr.675.1 kroner in 2021
kr.1,000 kroner in 2001 kr.1,350.21 kroner in 2021
kr.5,000 kroner in 2001 kr.6,751.04 kroner in 2021
kr.10,000 kroner in 2001 kr.13,502.08 kroner in 2021
kr.50,000 kroner in 2001 kr.67,510.41 kroner in 2021
kr.100,000 kroner in 2001 kr.135,020.83 kroner in 2021
kr.500,000 kroner in 2001 kr.675,104.13 kroner in 2021
kr.1,000,000 kroner in 2001 kr.1,350,208.27 kroner in 2021
Cumulative inflation From 2001 51.68%
Avg. annual inflation From 2001 2%
CPI 2001 78.03
CPI today 118.35

Value of Krone over time (by year)

Period Value
2001 100
2002 102.42
2003 104.55
2004 105.76
2005 107.68
2006 109.75
2007 111.61
2008 115.42
2009 116.93
2010 119.63
2011 122.93
2012 125.88
2013 126.87
2014 127.59
2015 128.16
2016 128.48
2017 129.96
2018 131.02
2019 132.01
2020 132.56
2021 135.02
2022-10 150.72
Today 151.68

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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