How much worth was 20 million peseta 1979?
Thread poster: Heinrich Pesch

Heinrich Pesch  Identity Verified
Finland
Local time: 02:59
Member (2003)
Finnish to German
+ ...
Feb 16, 2013

Holá,
sorry I have to use English.
Does anyone remember how much the peseta was worth 1979 in relation to DM or USD? I'm curious how much the 20 million peseta really was Antonio Alcántara put to his bank account.
Gracias!


 

Alistair Ian Spearing Ortiz  Identity Verified
Spain
Local time: 01:59
English to Spanish
+ ...
In 1979, 1 DM = 40 pesetas. Feb 16, 2013

Heinrich Pesch wrote:

Holá,
sorry I have to use English.
Does anyone remember how much the peseta was worth 1979 in relation to DM or USD? I'm curious how much the 20 million peseta really was Antonio Alcántara put to his bank account.
Gracias!

In 1979, a Deutsche Mark was worth roughly 40 pesetas, which means 20 million pesetas would have been about 500,000 DM.

I don't know how much that would be in 2013 euros or dollars.

[Edited at 2013-02-16 11:36 GMT]


 

Noni Gilbert  Identity Verified
Spain
Local time: 01:59
Spanish to English
+ ...
Perhaps better to think in terms of what it would have bought you.. Feb 16, 2013

...and I imagine it would be at least 10 large flats...

 

Alex Lago  Identity Verified
Spain
Local time: 01:59
Member (2009)
English to Spanish
+ ...
I didn't know they showed Cuentame abroad Feb 16, 2013

I am amazed they show Cuentame abroad, I didn't know.

Anyway, according to the Spanish Institute of Statistics (INE) 20 million pesetas from 1979 (which would have been about 120,202€) would equal roughly 743,088€ today. INE calculator

This won't be entirely accurate as it is only based on rate of inflation and there are other factors to consider, but it gives you a close enough idea.

[Edited at 2013-02-16 12:39 GMT]


 

Michelle Kusuda  Identity Verified
United States
Local time: 19:59
English to Spanish
+ ...
In 1979, $1.00 was worth 74 pesetas. Feb 16, 2013

It was during the Carter Presidency, and the dollar had sunk to a very low 74 pesetas! The reason I know is because I had to exchange dollars for pesetas that year and a relative mentioned how when she was my age the dollar was worth 900 pesetas!


[Edited at 2013-02-16 18:07 GMT]


 

Heinrich Pesch  Identity Verified
Finland
Local time: 02:59
Member (2003)
Finnish to German
+ ...
TOPIC STARTER
Thanks, folks! Feb 16, 2013

So it was about the amount one could win in German Lotto in those days, half a million DM.
Yes, Cuentame every Monday, we just saw no. 209.


 

Tomás Cano Binder, BA, CT  Identity Verified
Spain
Local time: 01:59
Member (2005)
English to Spanish
+ ...
Indeed Feb 16, 2013

Noni Gilbert wrote:
...and I imagine it would be at least 10 large flats...

Well, maybe this is a bit exaggeraged. It would depend on the town and the part of town, but I have known of many working class small-to-medium flats of that time that were bought for 200,000 pesetas. My mother owns a slightly larger one, and although she bought it much later at a much higher price, it probably cost some 300,000 pesetas when it was built originally around the end of the 70's.


 

Yaotl Altan  Identity Verified
Mexico
Local time: 18:59
Member (2006)
English to Spanish
+ ...
Name Mar 19, 2013

In México it as titled "Cuéntame cómo pasó". Good indeed.

 


To report site rules violations or get help, contact a site moderator:


You can also contact site staff by submitting a support request »

How much worth was 20 million peseta 1979?

Advanced search






TM-Town
Manage your TMs and Terms ... and boost your translation business

Are you ready for something fresh in the industry? TM-Town is a unique new site for you -- the freelance translator -- to store, manage and share translation memories (TMs) and glossaries...and potentially meet new clients on the basis of your prior work.

More info »
Anycount & Translation Office 3000
Translation Office 3000

Translation Office 3000 is an advanced accounting tool for freelance translators and small agencies. TO3000 easily and seamlessly integrates with the business life of professional freelance translators.

More info »



Forums
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search