The old German paper money is worth anything.
Professor Marcuse is the Professor of German History at UC Santa Barbara.
The data in this left-hand table is from Triacom.There is a Daily Rates section on oanda.com.
There is a discrepancy between the eh.net table on the right and the left-hand table.If a year's value in the right-hand table is higher, the average dollar rate was stronger than at the start of the year.
"From 1913 onward, all the European series are annual averages of daily exchange rates in the New York market," said Lawrence H. Officer, Professor of Economics at the University of Illinois at Chicago.
Prof.The monetary unit of Germany was changed from the mark to the reichsmark on October 11, 1924.The reichsmark was used for Federal Reserve quotations on October 29, 1924.The monetary unit was changed to the deutsche mark in June 1948.
I haven't been able to find any dates as to when the various black market rates were in effect.valuta was used for that instead, as the "Mark der DDR" was never freely convertible with foreign currencies.The East German government valued it at 1: with the WestDeutsche Mark.Visitors to East Germany were required to exchange theirDeutsche Marks with theirOstmarks.When travel was allowed, the exchange rate on the black market was between 5 and 10 East Ms.In the 70s, the East German government credited exports at a rate.See the German article "Mark der DDR" for more information.Black market rates in 1989 were between 3.85-4.40 Ostmark to 1DM.In 1995 there was a book called Bankrott und Aufbau: Ostdeutsche Erfahrungen.The founding president of theInstitut fr Wirtschaftsforschung was Wolfgang Wegner.Zatlin is the author of The Currency of Socialism: Money and Political Culture in East Germany.The Cambridge University Press has 398 pages.You can find it at Amazon.