Source: U.S. Bureau of Labor Statistics. Average retail price of coal by city for April and May of 1931 and 1932. The inflation rate in 1930 was -2.81%. Yesterday's rate 1.1943. Chart from the U.S. Dept of Labor shows the first federal minimum wage law enacted in 1938 (25 cents), and all subsequent increases through 2009. These countries used the same value pound as the UK Here is Britain. S&P 500 Global Services PMI increased from 46.8 in January to 50.6 in February, while ISM Non . Graph of /$ exchange rate (1915 - today) - Mike Todd Special thanks to QuickChart for their chart image API, which is used for chart downloads. Includes wage data for Jewish and Arab workers, with breakouts by sex in Sep 1937 and March 1938. 6d. GBP to USD | British Pound Historical Prices - WSJ - The Wall Street 205-236, Paper, printing and publishing trades, pp. If you disable this cookie, we will not be able to save your preferences. To must be after From. Dollar to Pound forecast for October 2023. ENGLEWOOD, Colo.--(BUSINESS WIRE)-- Qurate Retail, Inc. ("Qurate Retail") (Nasdaq: QRTEA, QRTEB, QRTEP) today reported fourth quarter and year end 2022 results (1). The ITL conversion factor has 6 significant digits. Official Exchange Rates Historical Measuring Worth -Australian Compare London History - Currency, Coinage and the Cost of Living - Central Source: BLS. See cost data on pages 5-6 of the USDA Farmer's Bulletin #1738, titled Farmhouse plans. New Hampshire: Manchester Table 9 and Table 10 As we can see, the peso was kept in a fairly tight (for Argentina) range with the pound. Georgia: Savannah Table 9 and Table 10 However, when the U.S. devalued in 1933, the Austrian shilling was apparently devalued alongside somewhat, although the degree of devaluation was not as great as for the U.S. dollar. Pages 155-169 details the state of wages throughout Belgium in the early stages of the Great Depression. For various income categories, this table shows how families were spending their money. lc waikiki didim AConvert 360 EUR to USD For three hundred and sixty euro (EUR) you get today 361 . During the U.S. devaluation in 1933, Brazil follows the U.S. dollar lower, maintaining almost-fixed exchange rates. Source: Shows average hourly wages in francs for various occupations including brewers, tailors, watchmakers, dressmakers, milliners and more. 49 5.20 40.20 20. PRICES in FOREIGN COUNTRIES, Shows the average salaries of teachers, principals, and superintendents 14 southern states for both white and black staff members. The magnitude of the numbers in the list does not indicate, by themselves, the strength or weakness of a particular currency. Very simple table shows average hours and earnings for all production workers in manufacturing for each year from 1919-1960. Shows the average weekly wages of workers in contracting, lumber, oil refining, and many other industries throughout British Columbia. Wages are shown in both contemporary Yen and US dollars. So, I dug into it. 9.41. Source: BLS, Shows the average hourly wages of industrial workers in and outside of Copenhagen by both gender and skill. In October 1926, the franc was retired and replaced with the gold-linked Belgian belga. Check the. The exchange rate for the Italian Lira was last updated on March 1, 2023 from The International Monetary Fund. The Italian Lira (ITL) is obsolete. HEALTH Source: Shows monthly wages of boys enrolled in CCC camps. The second portion of this table looks at the income of men and women in various occupation groups. Shown in both Mexican and US currency. Source: Federal Power Commission. The pound was returned to its prewar gold parity in 1920-1925. If this number holds, 100 today will be equivalent in buying power to 110.70 next year. 10 100 1000 1930.00 GBP = 2315.15 USD Follow news in the Economic Calendar Currency converter - Light Version People also asked. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. Currency Converter, Pounds Sterling to Dollars, 1264 - Laramie, Wyoming Clerical workers' earnings, North Atlantic region, 1934-36, Coal mining - Hours and earnings, 1919-1933, Cooks on passenger ships based in Boston, 1929-1930, Doctors (physicians and dentists) income, 1939-1976, Instructional staff salaries by state and race, 1939-1940, Rural teacher salaries by state, 1925-1935. Shows the average hourly weekly wages in lithographing and photo engraving throughout the Netherlands. 789. After 1933, the peso is basically linked to the pound, via capital controls as previously mentioned. COLLEGE EDUCATION 551. Source: BLS Monthly Labor Review, Dec 1939, Shows the average daily wages in Mexican textile manufacturing for men, women, and minors. Also included are fixed monthly wages for workers in the textile industry. Reports prices in U.S. cents using exchange rates in effect at the time. 19.25. Source: BLS. Source: Shows the average hourly wages for selected occupations in Denmark. Gives wages in Great Britain, France, and Austria beginning in 1938, and Sweden, Denmark, Belgium, Switzerland and Canada beginning in 1939. Wages are shown in both Belgian and US currency. This is part of an extensive article, "Labor Conditions in Germany," on pp. World War II intervened in 1940. British Pre 1920 Silver Coins Inc Half Crowns, Shillings - Choose Your New York: Newark Table 9 and Table 10 View GBP / USD Currency Calculator. 1. Illinois: Chicago Table 9 and Table 10 The currency symbol is $. The pound was a unit of currency as early as 775AD in Anglo-Saxon England, equivalent to 1 pound weight of silver. Source:Federal Reserve Bank of Saint Louis. Extensive tables run from page 1-74 in this state document, showing wages and hours for hundreds of detailed occupations, including building trades, food service, hospitality industries, brewing & bottling, printing, trucking, woodworking, manufacturing, theatrical employment, public utilities jobs, telephone operators, public transportation, barbers, engineers, radio telegraph operators, tobacco workers in cigar factories, and many more. How much is 2,000 guinea worth in US currency? - Quora Also includes information on overtime pay. Source: Education in the forty-eight states, table 20, WAGES in AMMUNITION and EXPLOSIVES MANUFACTURING, 1930s, WAGES in MISCELLANEOUSMANUFACTURING, 1930s, WAGES in MULTIPLE MANUFACTURING INDUSTRIES, 1930s. In order to evaluate the real return on our investment, we must calculate the return with inflation taken into account. The exchange rate of the Australian Dollar in relation to the Isle of Man Pound on the chart, the table of the dynamics of the cost as a percentage for the day, week, month and year. In addition to the links below, we recommend the book America's Capacity to Consume, published in 1934 by the Brookings Institution. Source: BLS Monthly . The devaluation of the British pound after floatation in 1914 is not really apparent here due to forex capital controls during wartime. Its fractional unit is Penny, 1 GBP = 100 Penny (s). Describes the average wages earned per hour and week and is divided by industry and class of worker. Does not include living expenses (room and board). 5.18. 174-205, Printing and publishing: newspapers, pp. You may also want to account for capital gains tax, which would take your real return down to around $272 for most people. Describes the average wages earned per hour and week and is divided by industry, including woodworking, metal, and textiles, and class of worker. This website uses cookies so that we can provide you with the best user experience possible. . Read more about inflation and investment. As befits a country that had just experienced a hyperinflation, Austria did not follow the British pound lower in 1931. What was a lot of money in the 1930s? The US dollar was worth 3 in 1947 not 1, [1] and 69.9 in 2018. Capital controls were imposed after April 1933, through 1941. Argentina transitions from a gold peso (obviously it wasnt pegged to gold during this time) to a paper peso on December 10, 1933. Texas: Dallas Table 9 and Table 10 The dollar had an average inflation rate of 3.15% per year between 1930 and today, producing a cumulative price increase of 1,691.44%. Compares earned income for white and non-white races, with breakouts by sex. These numbers are not inflation adjusted, so they are considered nominal. Source: BLS. Inverse rate: USD to GBP. Source: BLS Monthly Labor Review, Dec 1933, Shows the average daily wages or workers 16 years or older in Japanese-occupied Korea. California: San Francisco Table 9 and Table 10 Source: Shows average family expenditures by city, family type, income, race, and in some cases, occupation type. Tables shows the average monthly wages for seamen in countries including Australia, Great Britain, Norway, the Netherlands, Greece, India, China, France, Germany, the United States and others. This link leads to the first page of the index to the 1936 Sears Catalog. Adding it all up, the peso lost a lot of value from where it was at the beginning of WWI (not shown here). Shown in both Brazilian and US currency. Wages and earnings are listed and discussed throughout the report "The Negro Woman Worker," U.S. Women's Bureau Bulletin #165. Information displayed above may differ slightly from other S&P 500 calculators. In Canada, CA$1.00 in 1930 would be equivalent to CA$16.57 in 2023, an absolute change of CA$15.57 and a cumulative change of 1,557.13%. 7-22. How much was a guinea worth in 1930? - Answers This involved lowering wages, increasing hours and preventing employees from quitting their jobs. Table shows the values of used Hudson and Packard automobiles in the year 1930. Source: BLS Monthly Labor Review, February 1935, Shows average hourly wages for 7 different occupation throughout Hungary. When Negro households are considered, the median gross income is still lower, $251." Shows estimated average tuition and other required fees for higher education in 1939 and 1947. 646. To get the total inflation rate for the 93 years between 1930 and 2023, we use the following formula: Plugging in the values to this equation, we get: Raw data for these calculations comes from the composite price index published by the UK Office for National Statistics (ONS). Shows average value for farm land and buildings from 1850-1982. Source: Study covered 13 small cities, focusing on cost of living, expenditure patterns, expenditures for specific goods. Feb 1.207299 - 28 days. The U.S. CPI was 16.7 in the year 1930 and 299.17 in 2023: $1 in 1930 has the same "purchasing power" or "buying power" as $17.91 in 2023. Tells wages in agriculture, manufacturing and construction jobs with breakouts by sex and Arab/Jewish. Of course we can see the dollar devaluation of 1933, and the resumption of the dollar gold standard at $35/oz. Massachusetts: Boston Table 9 and Table 10 You may use the following MLA citation for this page: $1 in 1930 2023 | Inflation Calculator. Official Inflation Data, Alioth Finance, 20 Feb. 2023, https://www.officialdata.org/us/inflation/1930?amount=1. Exchange rate history of the Indian rupee - Wikipedia Shows average salary for instructional staff in schools by race in the states of AL, AR, DE, DC, FL, GA, KY, LA, MD, MS, MO, NC, OK, SC, TN, YX, VA, WV. In March 1925, the krone was replaced with the shilling, which was basically the same with four fewer zeros. 92% of new automobiles sold for less than $825 in 1934. This article and accompanying table list retail prices of select foodstuffs and clothing in state retail stores for the years of 1936, 1939, and 1940. Massachusetts: Fall River Table 9 and Table 10 Although there is plenty going on today to talk about, not to mention my perennially neglected Traditional City stuff, I seem to be getting drawn back again and again to the 1914-1941 period in economic history. The Five Indices Used Consumer Price Index (CPI) Shown in both Indian and US currency. The highest GBP/USD exchange rate in 2023 was 1.2407 US Dollars per British Pound on 26 January 2023. Tables include fixed prices for bread, flour, meat and other foodstuffs. Bulletin U.S. BLS, No. Calculates the retail price change and percent change based on standard electricity usage. This table provides average yearly wages per industry or trade type, including transportation, education and agriculture, among others. Archival Currency Converter 1916-1940 - University of Melbourne The cost of 9150 Gibraltar Pounds in Brunei Dollars today is $14,831.84 according to the "Open Exchange Rates", compared to yesterday, the exchange rate increased by 0.03% (by +$0.0004). Includes a chart showing the, Each industry is handled separately in this extensive article from the U.S. BLS. Wages are in 1937 US dollars, Convert to present-day dollars. Describes American cost of living, expenditure patterns, expenditures for specific goods. Book publishing industry - Union job wages in 1930,pp. Wages are shown in comtemporary US dollars. Lists wages and hours in the baking industry broken out by occupation, gender, and city. The. $1 in 1930 is equivalent in purchasing power to about $17.91 today, an increase of $16.91 over 93 years. Source: U.S. Firemen - Salaries, late 1930s (link to library item), Gasoline filling stations and motor-vehicle repair garages - 1931, Government workers, federal - Pay scales, 1930-1949, Household worker wages - Philadelphia, 1928, Iron and steel industry wages and hours, 1907-1931, Lumber industry job wages and hours, 1921-1932, Newspaper industry - Editorial staff salaries, 1930-1934, Physicians, non-salaried - Average income, 1929-1949, Police salaries, late 1930s (link to library item), Politicians - State governor salaries, 1935, Deep-sea ship transportation occupations, wage structure - 1935, Slaughtering and meat-packing industry - Wages and hours, 1931, Median household income by race in southeast Missouri, 1935, Prices for name brand, packaged grocery items, 1930-1931, College expenses by field of study, 1930-1934, Clothing and household goods prices, 1937-1938, Movie admission prices in Central America and the Caribbean, 1931, https://libraryguides.missouri.edu/pricesandwages, Starting wages for common laborers, 1931-1934, Starting wages for common laborers employed by cities, 1935, Common labor - Average starting wage by race, 1936, Median weekly earnings for Negro males by occupation, 1930, Median weekly wage for Negro men by occupation, 1936, Common labor - Average starting pay by race and state, 1936, Wages of Negroes in the District of Columbia, 1931, Teacher salaries by state and race, 1939-1940, School salaries by state and race, 1935-1936, Teacher wages by race in AL, MD and NC - 1930s, Black women - Earnings by occupation, 1938, Urban Negro workers' earnings by sex and skill level, 1930, Urban Negro workers' earnings by sex and skill level, 1936, Household workers' wages by race - Chicago, 1930, Wage and salary income by race and sex, 1939, Automobile and vehicle industry workers, including garagemen, Captains, masters, mates, pilots, and engineers, Maintenance-of-way employees: Gang foremen, Maintenance-of-way employees: Assistant gang foremen, Maintenance-of-way employees: Iron workers, Maintenance-of-way employees: Masons, bricklayers, and plasterers, Maintenance-of-way employees: Section laborers, Maintenance-of-way employees: Crossing and bridge flagmen and gatemen, 3,500 occupations - Wages and job descriptions, Service occupations - Average earnings by type of business in 1934, Farm workers' wages and income - 1909 to 1938, Union wages for construction workers,1936-1961, Construction - Wages and hours, mid 1930s, Government jobs - Salaries by occupation - 1938, Government -Congressional salaries, 1789-present, Hotel employee minimum wages, Nov 1933-1935, Medical personnel - Income of physicians, dentists and [other health workers], 1939-1976, Stationary engineers, firemen, oilers, etc, School employees - Median salaries, 1930-1943, Automobile accessory and parts store owner's salary, Street-railway employees - Union wages, 1937 and 1938, Motormen and conductors, street railways, and bus drivers, Truck drivers - Union wages and hours, 1939, Bakery workers - Wages by city and state, 1931, Bakeries - Union wages, hours and working conditions, 1939, Bread-baking industry - Wages, hours and working conditions, 1934, Boot and shoe industry workers' wages, 1910 to 1930, Clothing manufacture (men's) - Wages and hours, 1911-1932, Hat manufacturing industries, earnings and hours - 1939, Hosiery and underwear manufacturing - Wages and hours, 1907-1932, Shoe and allied industries - Wages and hours, 1939, Rayon and synthetic yarn manufacturing, 1930, Rayon and synthetic yarn manufacturing, 1932, Silk and rayon goods manufacture - Wages and hours, 1931, Textiles, dyeing and finishing - Wages and hours, 1930 and 1932, Woolen and worsted goods manufacturing, 1910 to 1932, Leather Industries, earnings and hours - 1939, Leather glove industry, hours and earnings -1934, Furniture manufacture - Wages and hours, 1910-1931, Furniture manufacturing industry - Wages and hours, 1937, Ammunition industry - Average hourly earnings, 1937, Explosives manufacture, earnings and hours - 1937, Cigarette manufacturing - Wages and hours, 1930, Drugs and toiletries manufacturing - Wages and hours, 1938, Paper box manufacturing - Wages and hours, 1933-1935, Radio manufacturing, hourly earnings - 1937, Manufacturing - Average weekly earnings, 1919-1960, Manufacturing - Average hours and wages, 1929-1936, Women's wages compared to men in same occupations, Median income by sex and industry, 1939-1953, Service occupations - Average annual earnings by state in 1934, Construction wages in Alabama by county and town, 1938, Construction wages in Arkansas by county and town, 1938, Construction wages in Arizona by county and town, 1938, Construction wages in California by county and town, 1938, Construction wages in Colorado by county and town, 1938, Construction wages in Conneticut by county and town, 1938, Construction wages in District of Columbia by county and town, 1938, Motion-picture theater jobs wages in Washington DC, 1931, Construction wages in Delaware by county and town, 1938, Construction wages in Florida by county and town, 1938, Construction wages in Georgia by county and town, 1938, Construction wages in Iowa by county and town, 1938, Construction wages in Idaho by county and town, 1938, Construction wages in Illinois by county and town, 1938, Construction wages in Indiana by county and town, 1938, Construction wages in Kansas by county and town, 1938, Construction wages in Kentucky by county and town, 1938, Construction wages in Louisiana by county and town, 1938, Construction wages in Massachusetts by county and town, 1938, Construction wages in Maryland by county and town, 1938, Construction wages in Maine by county and town, 1938, Construction wages in Michigan by county and town, 1938, Construction wages in Minnesota by county and town, 1938, Missouri work relief projects - Wage rates by county, 1934-1935, Civilian Conservation Corps wages in MO, late 1930s, Construction wages in Missouri by county and town, 1938, Construction wages in Mississippi by county and town, 1938, Construction wages in Montana by county and town, 1938, North Carolina - Average earnings in the principal industries, 1938-1940, Construction Wages in North Carolina by county and town, 1938, Construction wages in Nebraska by county and town, 1938, Construction wages in New Hampshire by county and town, 1938, Construction wages in New Jersey by county and town, 1938, Construction wages in New Mexico by county and town, 1938, Construction wages in Nevada by county and town, 1938, Construction wages in New York by county and town, 1938, Ohio - Average annual wages and salaries by occupation, 1916-1932, Construction wages in Ohio by county and town, 1938, Monthly earnings of full time women workers in Cleveland, Construction wages in Oklahoma by county and town, 1938, Construction wages in Oregon by county and town, 1938, Construction wages in Pennsylvania by county and town, 1938, Household workers' wages by sex - Philadelphia, 1928, Construction wages in Rhode Island by county and town, 1928, Construction wages in South Carolina by county and town, 1938, Construction wages in Tennessee by county and town, 1938, Wages by gender and race - Tennessee, 1935, Construction wages in Texas by county and town, 1938, Construction wages in Utah by county and town, 1938, Monthly earnings of full time women workers in Utah, Construction wages in Virginia by county and town, 1938, Agriculture - Farm labor wages in Vermont, 1780s-1937, Construction wages in Vermont by county and town, 1938, Construction wages in Washington by county and town, 1938, Construction wages in Wisconsin by county and towns, 1938, Construction wages in West Virginia, 1938, Construction wages in Wyoming by county and town, 1938, Minimum wage in Australian cities and provinces, June 1937, Cotton industry wages - Bombay, 1926 and 1933, Wages by industry - British Columbia, 1931, Farm workers' earnings by Canadian province, 1929-1939, Average wages of industrial workers - Denmark, 1938-1939, Wig and toupee makers' wages in France, 1931, Wages and retail prices in France, 1938-47, French wages and wage supplements - 1938, 1946, 1947, General survey of wages in Germany in 1931, Printing trades and lithographic work wages. Pound Dollar Exchange Rate (GBP USD) - Historical Chart Interactive historical chart showing the daily British Pound - U.S. Dollar (GBPUSD) exchange rate back to 1971. Inflation can also vary widely by country. The 1,009 sq. However, the devaluation of the U.S. dollar in 1933 put competitive trade pressures upon Belgium, which responded with a devaluation in April 1935. View more property details, sales history and Zestimate data on Zillow. 1034-1035. Source: BLS, Shows the average hourly wages in the paper and wood-pulp industries in Finland. The British pound has its origins in continental Europe under the Roman era. This U.S BLS source, Trend of Employment shows average wages and hours of work by industry, mainly for manufacturing industries and for construction jobs. Table 26 shows wages for laborers with board for every year from 1780-1937; the. View GBP / USD Graphs. To answer these questions the Historical Currency Converter uses a short-cut, by comparing the worth of various sums in various currencies in their purchasing power of Swedish consumer goods and the pay of workers in Sweden. The average startingwage for common labor was 43 per hour in July 1930. For more details on the S&P 500 between 1930 and 2023, see the stock market returns calculator. GBP/USD Forecast | Will GBP/USD Go Up or Down? - Capital Select Currency: Australian Dollar Bahraini Dinar Canadian Dollar Chinese Yuan Danish Krone Euro Japanese Yen 100 Jordanian Dinar Kuwaiti Dinar Norwegian Krone Omani Riyal Pound Sterling Qatari Riyal Saudi Riyal Swedish . Source: BLS. Family income by occupational group, sources, by family composition. Includes both land and buildings. Wages for common labor in the Work Relief Program were originally set at thirty cents an hour, but were later changed to better align with prevailing wage rates in the counties. Source: Texas state Bureau of Labor Statistics. Please help update this article to reflect recent events or newly available information. Source: "Women in the economy of the USA: a summary report," Women's Bureau Bulletin, #155. (All of this mirrors France.) Gold Prices by the Decade. 613. signifies four pounds, eight shillings. Maybe you can see why I did this. Today's range: 1.1944-1.1975. Please check your download folder. Provides much detail on wages a variety of occupations and industries. Capital controls were imposed beginning in May 1934, through to 1941 and beyond. Listed below is a table of historical exchange rates relative to the U.S. dollar, at present the most widely traded currency in the world. Pound Dollar Exchange Rate (GBP USD) - Historical Chart | MacroTrends Breakdown by occupation and marital status. New York: Buffalo Table 9 and Table 10 Shows the rates of pay of weavers in silk and rayon mills in certain cities in Connecticut, Massachusetts, New Jersey, Pennsylvania, and Rhode Island. Therefore the arbitrage free exchange rate (known as a 'cross rate') between the French franc and the British pound was 5.8464 * 4.768 = 27.8757 francs per British pound. This study covered the Missouri counties of Pemiscot, Dunklin and New Madrid only. Dollar Peso do - do Boliviano * Milreis * Peso l do Sucre 1. Pennsylvania: Philadelphia Table 9 and Table 10 It is like a childhood trauma that needs to be dealt with to resolve issues in the present adult. Monthly Average US Dollar per 1 British Pound Monthly average. Germanys annexation of Austria in March 1938 ends our story here. GBP to USD Exchange Rate - Bloomberg Markets Families could have more than one member in the labor force. The dollar devaluation of 1933 really returned the pound/dollar exchange rates to their previous levels. The Austrian krone was actually repegged to gold in September 1922, at the devalued rate. Belgium did not follow the British pound devaluation in 1931. See greater detail for each state in the section, Instructional staff salaries by state, 1929-1946. Foreign Exchange Rates 1913-1941 #2: The Currency Upheavals of the MERCHANDISE The 1,391 sq. The Irish pound had the same sd currency structure, and the same decimalisation was carried out. Shows the median weekly wages of Pennsylvanians in ages groups between 11 and 75+ for both men and women. Click "more" for direct links to wages in each occupation. Enter source year: (1264-1983) Enter target year: (1913-2023) Enter old value in pounds: ConvertClear Value at beginning of target year in dollars: $ 289-295, Glass, clay and stone industry occupations, pp. Source: BLS Monthly Labor Review (September 1932). 3.85. The currency code for British Pounds is GBP. Shows the average wage rates for selected occupations in Colorado. Current GBP to USD exchange rate equals 1.1961 Dollars per 1 Pound. The data are taken at varying times of the year or maybe the average for the whole year. Gasoline cost an average of 18.6 per gallon in rural areasin 1939. Choose a decade, then a publication, then click the "View" button. Connecticut: Bridgeport Table 9 and Table 10 The dollar had an average inflation rate of 1.44% per year between 1776 and today, producing a cumulative price increase of 3,338.74%. Wages are shown in both US and Australian currency. Amounts are expressed in American dollars with currency conversions cited for all foreign monies. The pound had an average inflation rate of 4.86% per year between 1930 and 2017, producing a cumulative price increase of 6,113.29%. Source: BLS Monthly Labor Review, July 1931, Shows average hourly wages for workers of various industries throughout Italy. $1 in 1930 2023 | Inflation Calculator GBP 1.00 = 1.203 USD. DXY 030323 Daily Chart. Pages 1205-1208 details the state of wages throughout Yugoslavia in the early stages of the Great Depression. This naturally leads to a bit of wiggle. GBP to CAD historical exchange rate | OFX (CA) 499, p. 275. Source: BLS, Shows the average daily wages for a variety of mining occupations in India. This 1931 Trade Information Bulletin from the Bureau of Foreign and Domestic Commerce. Then all the numbers in the table would be multiplied by one hundred, but it does not mean all the world's currencies just got weaker. Lets start by reviewing what was going on with the two major international currencies of that time, the British pound and the U.S. dollar. Wages are shown in both US and English currency. It was replaced with the Euro (EUR) on January 1, 1999. The current inflation rate compared to last year is now 10.70%.