kr.

Value of 2003 Danish Kroner today

kr.100 in 2003
kr.141.78 in 2022

The inflation rate in Denmark between 2003 and today has been 41.78%, which translates into a total increase of kr.41.78. This means that 100 kroner in 2003 are equivalent to 141.78 kroner in 2022. In other words, the purchasing power of kr.100 in 2003 equals kr.141.78 today. The average annual inflation rate between these periods has been 1.85%.

Inflation timeline in Denmark (2003 - 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 2003-2021 29.14%
Cumulative inflation 2003-today 41.78%
Avg. Annual inflation 2003-2021 1.43%
CPI 2003 81.58
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 2003 and 2021, use the corresponding CPI values:

Value2021
=Value2003 ×
CPI2021/CPI2003
=kr. 100 ×
105.35/81.58
kr.129.14

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

Valuetoday
=Value2003 ×
CPItoday/CPI2003
=kr. 100 ×
115.66/81.58
kr.141.78

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 18 years between 2003 and 2021 and the average inflation rate was 1.4311%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=kr.100 × (1 + 0.014311)18
kr.129.14

Denmark inflation - Conversion table

Initial Value Equivalent value
kr.1 krone in 2003 kr.1.29 kroner in 2021
kr.5 kroner in 2003 kr.6.46 kroner in 2021
kr.10 kroner in 2003 kr.12.91 kroner in 2021
kr.50 kroner in 2003 kr.64.57 kroner in 2021
kr.100 kroner in 2003 kr.129.14 kroner in 2021
kr.500 kroner in 2003 kr.645.72 kroner in 2021
kr.1,000 kroner in 2003 kr.1,291.45 kroner in 2021
kr.5,000 kroner in 2003 kr.6,457.25 kroner in 2021
kr.10,000 kroner in 2003 kr.12,914.5 kroner in 2021
kr.50,000 kroner in 2003 kr.64,572.48 kroner in 2021
kr.100,000 kroner in 2003 kr.129,144.96 kroner in 2021
kr.500,000 kroner in 2003 kr.645,724.79 kroner in 2021
kr.1,000,000 kroner in 2003 kr.1,291,449.59 kroner in 2021
Cumulative inflation From 2003 41.78%
Avg. annual inflation From 2003 1.85%
CPI 2003 81.58
CPI today 115.66

Value of Krone over time (by year)

Period Value
2003 100
2004 101.15
2005 102.99
2006 104.97
2007 106.75
2008 110.4
2009 111.84
2010 114.42
2011 117.58
2012 120.4
2013 121.35
2014 122.03
2015 122.59
2016 122.89
2017 124.3
2018 125.31
2019 126.26
2020 126.8
2021 129.14
2022-08 140.85
Today 141.78

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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