kr.

Value of 2002 Danish Kroner today

kr.100 in 2002
kr.148.09 in 2022

The inflation rate in Denmark between 2002 and today has been 48.09%, which translates into a total increase of kr.48.09. This means that 100 kroner in 2002 are equivalent to 148.09 kroner in 2022. In other words, the purchasing power of kr.100 in 2002 equals kr.148.09 today. The average annual inflation rate between these periods has been 1.98%.

Inflation timeline in Denmark (2002 - 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 2002-2021 31.82%
Cumulative inflation 2002-today 48.09%
Avg. Annual inflation 2002-2021 1.46%
CPI 2002 79.92
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 2002 and 2021, use the corresponding CPI values:

Value2021
=Value2002 ×
CPI2021/CPI2002
=kr. 100 ×
105.35/79.92
kr.131.82

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

Valuetoday
=Value2002 ×
CPItoday/CPI2002
=kr. 100 ×
118.35/79.92
kr.148.09

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 19 years between 2002 and 2021 and the average inflation rate was 1.4649%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=kr.100 × (1 + 0.014649)19
kr.131.82

Denmark inflation - Conversion table

Initial Value Equivalent value
kr.1 krone in 2002 kr.1.32 kroner in 2021
kr.5 kroner in 2002 kr.6.59 kroner in 2021
kr.10 kroner in 2002 kr.13.18 kroner in 2021
kr.50 kroner in 2002 kr.65.91 kroner in 2021
kr.100 kroner in 2002 kr.131.82 kroner in 2021
kr.500 kroner in 2002 kr.659.12 kroner in 2021
kr.1,000 kroner in 2002 kr.1,318.25 kroner in 2021
kr.5,000 kroner in 2002 kr.6,591.24 kroner in 2021
kr.10,000 kroner in 2002 kr.13,182.48 kroner in 2021
kr.50,000 kroner in 2002 kr.65,912.41 kroner in 2021
kr.100,000 kroner in 2002 kr.131,824.83 kroner in 2021
kr.500,000 kroner in 2002 kr.659,124.14 kroner in 2021
kr.1,000,000 kroner in 2002 kr.1,318,248.29 kroner in 2021
Cumulative inflation From 2002 48.09%
Avg. annual inflation From 2002 1.98%
CPI 2002 79.92
CPI today 118.35

Value of Krone over time (by year)

Period Value
2002 100
2003 102.08
2004 103.25
2005 105.13
2006 107.15
2007 108.97
2008 112.69
2009 114.16
2010 116.8
2011 120.02
2012 122.9
2013 123.87
2014 124.57
2015 125.13
2016 125.44
2017 126.88
2018 127.91
2019 128.88
2020 129.43
2021 131.82
2022-10 147.15
Today 148.09

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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