Result: kr100 in 1960 → kr1,547.70 in 2024
The Danish Krone has lost 94% its value since 1960
Updated: November 13, 2024kr100 in 1960 is equivalent in purchasing power to about kr1,547.70 today, an increase of kr1,447.70 over 64 years. The krone had an average inflation rate of 4.37% per year between 1960 and today, producing a cumulative price increase of 1,447.70%.
This means that today's prices are 15.48 times as high as average prices since 1960, according to the OECD and the World Bank consumer price index for Denmark. A krone today only buys 6.461% of what it could buy back then.
The inflation rate in 1960 was 1.26%. The current inflation rate compared to the end of last year is now 0.52%. If this number holds, kr100 today will be equivalent in buying power to kr100.52 next year.
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| Cumulative price change | 1,447.70% |
| Average inflation rate | 4.37% |
| Converted amount kr100 base | kr1,547.70 |
| Price difference kr100 base | kr1,447.70 |
| CPI in 1960 | 7.697 |
| CPI in 2024 | 119.122 |
| Inflation in 1960 | 1.26% |
| Inflation in 2024 | 0.52% |
| kr100 in 1960 | kr1,547.70 in 2024 |
Buying power of kr100 in 1960
This chart shows a calculation of buying power equivalence for kr100 in 1960 (price index tracking began in 1959).
For example, if you started with kr100, you would need to end with kr1,547.70 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
When kr100 is equivalent to kr1,547.70 over time, that means that the "real value" of a single Danish krone decreases over time. In other words, a krone will pay for fewer items at the store.
This effect explains how inflation erodes the value of a krone over time. By calculating the value in 1960 dollars, the chart below shows how kr100 is worth less over 64 years.
According to the OECD and the World Bank, each of these DKK amounts below is equal in terms of what it could buy at the time:
This conversion table shows various other 1960 amounts in today's kroner, based on the 1,447.70% change in prices:
| Initial value | Equivalent value |
|---|---|
| kr1 krone in 1960 | kr15.48 kroner today |
| kr5 kroner in 1960 | kr77.39 kroner today |
| kr10 kroner in 1960 | kr154.77 kroner today |
| kr50 kroner in 1960 | kr773.85 kroner today |
| kr100 kroner in 1960 | kr1,547.70 kroner today |
| kr500 kroner in 1960 | kr7,738.52 kroner today |
| kr1,000 kroner in 1960 | kr15,477.03 kroner today |
| kr5,000 kroner in 1960 | kr77,385.17 kroner today |
| kr10,000 kroner in 1960 | kr154,770.35 kroner today |
| kr50,000 kroner in 1960 | kr773,851.73 kroner today |
| kr100,000 kroner in 1960 | kr1,547,703.45 kroner today |
| kr500,000 kroner in 1960 | kr7,738,517.27 kroner today |
| kr1,000,000 kroner in 1960 | kr15,477,034.55 kroner today |
How to calculate inflation rate for kr100 since 1960
Our calculations use the following inflation rate formula to calculate the change in value between 1960 and today:
CPI today CPI in 1960
×
1960 DKK value
=
Today's value
Then plug in historical CPI values. The Danish CPI was 7.696677456224732 in the year 1960 and 119.12174288179463 in 2024:
119.121742881794637.696677456224732
×
kr100
=
kr1,547.70
kr100 in 1960 has the same "purchasing power" or "buying power" as kr1,547.70 in 2024.
To get the total inflation rate for the 64 years between 1960 and 2024, we use the following formula:
CPI in 2024 - CPI in 1960CPI in 1960
×
100
=
Cumulative inflation rate (64 years)
Plugging in the values to this equation, we get:
119.12174288179463 - 7.6966774562247327.696677456224732
×
100
=
1,448%
Data source & citation
You may use the following MLA citation for this page: “Denmark Inflation Calculator: World Bank data, 1960-2024 (DKK).” Official Inflation Data, Alioth Finance, 14 Nov. 2024, https://www.officialdata.org/denmark/inflation.
Special thanks to QuickChart for their chart image API, which is used for chart downloads.
| Cumulative price change | 1,447.70% |
| Average inflation rate | 4.37% |
| Converted amount kr100 base | kr1,547.70 |
| Price difference kr100 base | kr1,447.70 |
| CPI in 1960 | 7.697 |
| CPI in 2024 | 119.122 |
| Inflation in 1960 | 1.26% |
| Inflation in 2024 | 0.52% |
| kr100 in 1960 | kr1,547.70 in 2024 |