kr.

Value of 2005 Danish Kroner today

kr.100 in 2005
kr.141.2 in 2024

The inflation rate in Denmark between 2005 and today has been 41.2%, which translates into a total increase of kr.41.2. This means that 100 kroner in 2005 are equivalent to 141.2 kroner in 2024. In other words, the purchasing power of kr.100 in 2005 equals kr.141.2 today. The average annual inflation rate between these periods has been 1.83%.

Inflation timeline in Denmark (2005 - 2024)

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 2005-2023 39.51%
Cumulative inflation 2005-today 41.2%
Avg. Annual inflation 2005-2023 1.87%
CPI 2005 84.02
CPI 2023 117.21
CPI 2024-06 (latest official data) 118.5
CPI today 118.63

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 2005 and 2023, use the corresponding CPI values:

Value2023
=Value2005 ×
CPI2023/CPI2005
=kr. 100 ×
117.21/84.02
kr.139.51

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 118.63:

Valuetoday
=Value2005 ×
CPItoday/CPI2005
=kr. 100 ×
118.63/84.02
kr.141.2

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 2005 and 2023 and the average inflation rate was 1.8669%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=kr.100 × (1 + 0.018669)18
kr.139.51

Denmark inflation - Conversion table

Initial Value Equivalent value
kr.1 krone in 2005 kr.1.4 kroner in 2023
kr.5 kroner in 2005 kr.6.98 kroner in 2023
kr.10 kroner in 2005 kr.13.95 kroner in 2023
kr.50 kroner in 2005 kr.69.75 kroner in 2023
kr.100 kroner in 2005 kr.139.51 kroner in 2023
kr.500 kroner in 2005 kr.697.53 kroner in 2023
kr.1,000 kroner in 2005 kr.1,395.06 kroner in 2023
kr.5,000 kroner in 2005 kr.6,975.3 kroner in 2023
kr.10,000 kroner in 2005 kr.13,950.6 kroner in 2023
kr.50,000 kroner in 2005 kr.69,753 kroner in 2023
kr.100,000 kroner in 2005 kr.139,506.01 kroner in 2023
kr.500,000 kroner in 2005 kr.697,530.03 kroner in 2023
kr.1,000,000 kroner in 2005 kr.1,395,060.05 kroner in 2023
Cumulative inflation From 2005 41.2%
Avg. annual inflation From 2005 1.83%
CPI 2005 84.02
CPI today 118.63

Value of Krone over time (by year)

Period Value
2005 100
2006 101.92
2007 103.65
2008 107.19
2009 108.59
2010 111.1
2011 114.16
2012 116.9
2013 117.82
2014 118.49
2015 119.02
2016 119.32
2017 120.69
2018 121.67
2019 122.59
2020 123.11
2021 125.39
2022 135.04
2023 139.51
2024-06 141.04
Today 141.2

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 | 2022 | 2023 |

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