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Value of 2004 Danish Kroner today

kr.100 in 2004
kr.137.55 in 2022

The inflation rate in Denmark between 2004 and today has been 37.55%, which translates into a total increase of kr.37.55. This means that 100 kroner in 2004 are equivalent to 137.55 kroner in 2022. In other words, the purchasing power of kr.100 in 2004 equals kr.137.55 today. The average annual inflation rate between these periods has been 1.79%.

Inflation timeline in Denmark (2004 - 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 2004-2021 27.67%
Cumulative inflation 2004-today 37.55%
Avg. Annual inflation 2004-2021 1.45%
CPI 2004 82.52
CPI 2021 105.35
CPI 2022-05 (latest official data) 112.7
CPI today 113.5

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 2004 and 2021, use the corresponding CPI values:

Value2021
=Value2004 ×
CPI2021/CPI2004
=kr. 100 ×
105.35/82.52
kr.127.67

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 113.5:

Valuetoday
=Value2004 ×
CPItoday/CPI2004
=kr. 100 ×
113.5/82.52
kr.137.55

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 17 years between 2004 and 2021 and the average inflation rate was 1.4474%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=kr.100 × (1 + 0.014474)17
kr.127.67

Denmark inflation - Conversion table

Initial Value Equivalent value
kr.1 krone in 2004 kr.1.28 kroner in 2021
kr.5 kroner in 2004 kr.6.38 kroner in 2021
kr.10 kroner in 2004 kr.12.77 kroner in 2021
kr.50 kroner in 2004 kr.63.84 kroner in 2021
kr.100 kroner in 2004 kr.127.67 kroner in 2021
kr.500 kroner in 2004 kr.638.36 kroner in 2021
kr.1,000 kroner in 2004 kr.1,276.71 kroner in 2021
kr.5,000 kroner in 2004 kr.6,383.56 kroner in 2021
kr.10,000 kroner in 2004 kr.12,767.12 kroner in 2021
kr.50,000 kroner in 2004 kr.63,835.59 kroner in 2021
kr.100,000 kroner in 2004 kr.127,671.17 kroner in 2021
kr.500,000 kroner in 2004 kr.638,355.86 kroner in 2021
kr.1,000,000 kroner in 2004 kr.1,276,711.72 kroner in 2021
Cumulative inflation From 2004 37.55%
Avg. annual inflation From 2004 1.79%
CPI 2004 82.52
CPI today 113.5

Value of Krone over time (by year)

Period Value
2004 100
2005 101.82
2006 103.78
2007 105.53
2008 109.14
2009 110.56
2010 113.12
2011 116.24
2012 119.03
2013 119.97
2014 120.64
2015 121.19
2016 121.49
2017 122.88
2018 123.88
2019 124.82
2020 125.35
2021 127.67
2022-05 136.58
Today 137.55

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 |

Other currencies: