Value of 2002 Danish Kroner today

kr.100 in 2002

kr.130.12 in 2019

The inflation rate in Denmark between 2002 and today has been 30.12%, which translates into a total increase of kr.30.12. This means that 100 kroner in 2002 are equivalent to 130.12 kroner in 2019. In other words, the purchasing power of kr.100 in 2002 equals kr.130.12 today. The average annual inflation rate has been 1.47%.

Inflation timeline in Denmark (2002-2019)

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 (2002-2019) 30.06%
Total Inflation* 30.12%
Annual inflation avg. (2002-2019) 1.56%
Annual inflation avg.* 1.47%
CPI 2002 78.5
CPI 2019 102.1
CPI today* 102.15
kr.1 in 2002 kr.1.3 in 2019

* 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 17 years between 2002 and 2019 and the average inflation rate has been 1.4736%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = kr.100 * (1 + 0.01)17 = kr.130.06

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 2002 was 78.5 and the CPI today is 102.15. Therefore,

Final value = Initial value *
CPI final/CPI initial
= kr.100 *
= kr.130.06

Denmark inflation - Conversion table

Initial Value Equivalent value
kr.1 krone in 2002 kr.1.3 kroner today
kr.5 kroner in 2002 kr.6.51 kroner today
kr.10 kroner in 2002 kr.13.01 kroner today
kr.50 kroner in 2002 kr.65.06 kroner today
kr.100 kroner in 2002 kr.130.12 kroner today
kr.500 kroner in 2002 kr.650.62 kroner today
kr.1,000 kroner in 2002 kr.1,301.24 kroner today
kr.5,000 kroner in 2002 kr.6,506.18 kroner today
kr.10,000 kroner in 2002 kr.13,012.36 kroner today
kr.50,000 kroner in 2002 kr.65,061.81 kroner today
kr.100,000 kroner in 2002 kr.130,123.61 kroner today
kr.500,000 kroner in 2002 kr.650,618.06 kroner today
kr.1,000,000 kroner in 2002 kr.1,301,236.12 kroner today

Value of Krone in time (by year)

Period Value
2002 100
2003 102.55
2004 103.95
2005 105.22
2006 107.64
2007 109.55
2008 112.1
2009 114.78
2010 116.43
2011 119.75
2012 122.68
2013 125.22
2014 126.11
2015 126.62
2016 127.13
2017 127.77
2018 129.04
2019 130.06
Today 130.12