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Converting DM to dollars - at average exchange rate for 1991
Thread poster: Rebecca Holmes

Rebecca Holmes
United States
Local time: 05:24
German to English
Mar 1, 2004

Hi Prozies,
I need to convert DM 107,000 into dollars - at the average exchange rate for 1991.
Does anyone know where I can obtain information on average exchange rates for that year?
Thanks,
Rebecca


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Steven Sidore  Identity Verified
Germany
Local time: 11:24
Member (2003)
German to English
Didn't test it, but this should work Mar 1, 2004

Try here.

http://www.oanda.com/convert/fxhistory


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Ralf Lemster  Identity Verified
Germany
Local time: 11:24
English to German
+ ...
It works! Mar 1, 2004

Great site.
The average rate is indicated at 1.66052 - DEM 107,000 thus translates into USD 64,437.65.

Ralf


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Steffen Walter  Identity Verified
Germany
Local time: 11:24
Member (2002)
English to German
+ ...
Useful FX page for historical rates - http://www.oanda.com/convert/fxhistory Mar 1, 2004

Rebecca Holmes-Löffler wrote:

Hi Prozies,
I need to convert DM 107,000 into dollars - at the average exchange rate for 1991.
Does anyone know where I can obtain information on average exchange rates for that year?
Thanks,
Rebecca


Hi Rebecca,

You can convert the amount @ http://www.oanda.com/convert/fxhistory, searching for the historical DEM-USD exchange rate for the whole year of 1991 (enter starting date 1 Jan 1991, closing date 31 Dec 1991). This will give you a table listing exchange rates for the individual days of the year, as well as an average (DEM1.00=USDX.XX). You can then proceed to calculating your specific amount.

Best,
Steffen


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Rebecca Holmes
United States
Local time: 05:24
German to English
TOPIC STARTER
Thank you Mar 1, 2004

Thank you! Great sites!
Golfers everywhere will be delighted when they learn their clubs were a real steal as compared to the world's most expensive club, bought at auction in 1991 for $64,437 or DM 107,000!!!


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Converting DM to dollars - at average exchange rate for 1991

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