kr.

Value of 2013 Danish Kroner today

kr.100 in 2013
kr.120.54 in 2024

The inflation rate in Denmark between 2013 and today has been 20.54%, which translates into a total increase of kr.20.54. This means that 100 kroner in 2013 are equivalent to 120.54 kroner in 2024. In other words, the purchasing power of kr.100 in 2013 equals kr.120.54 today. The average annual inflation rate between these periods has been 1.71%.

Inflation timeline in Denmark (2013 - 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 2013-2023 18.4%
Cumulative inflation 2013-today 20.54%
Avg. Annual inflation 2013-2023 1.7%
CPI 2013 98.99
CPI 2023 117.21
CPI 2024-11 (latest official data) 119.2
CPI today 119.32

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 2013 and 2023, use the corresponding CPI values:

Value2023
=Value2013 ×
CPI2023/CPI2013
=kr. 100 ×
117.21/98.99
kr.118.4

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 119.32:

Valuetoday
=Value2013 ×
CPItoday/CPI2013
=kr. 100 ×
119.32/98.99
kr.120.54

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 10 years between 2013 and 2023 and the average inflation rate was 1.7035%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=kr.100 × (1 + 0.017035)10
kr.118.4

Denmark inflation - Conversion table

Initial Value Equivalent value
kr.1 krone in 2013 kr.1.18 kroner in 2023
kr.5 kroner in 2013 kr.5.92 kroner in 2023
kr.10 kroner in 2013 kr.11.84 kroner in 2023
kr.50 kroner in 2013 kr.59.2 kroner in 2023
kr.100 kroner in 2013 kr.118.4 kroner in 2023
kr.500 kroner in 2013 kr.592.01 kroner in 2023
kr.1,000 kroner in 2013 kr.1,184.02 kroner in 2023
kr.5,000 kroner in 2013 kr.5,920.11 kroner in 2023
kr.10,000 kroner in 2013 kr.11,840.22 kroner in 2023
kr.50,000 kroner in 2013 kr.59,201.09 kroner in 2023
kr.100,000 kroner in 2013 kr.118,402.18 kroner in 2023
kr.500,000 kroner in 2013 kr.592,010.92 kroner in 2023
kr.1,000,000 kroner in 2013 kr.1,184,021.85 kroner in 2023
Cumulative inflation From 2013 20.54%
Avg. annual inflation From 2013 1.71%
CPI 2013 98.99
CPI today 119.32

Value of Krone over time (by year)

Period Value
2013 100
2014 100.56
2015 101.02
2016 101.27
2017 102.43
2018 103.27
2019 104.05
2020 104.49
2021 106.42
2022 114.61
2023 118.4
2024-11 120.41
Today 120.54

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 |

Other currencies: