How much was a German mark worth in 1923?

In 1923, at the most fevered moment of the German hyperinflation, the exchange rate between the dollar and the Mark was one trillion Marks to one dollar, and a wheelbarrow full of money would not even buy a newspaper. Most Germans were taken by surprise by the financial tornado.

How much was a German mark worth in 1920?


Date Approx. Value of 1 US $ in German Marks
1/1/1920 50 Mark
1/1/1921 75 Mark
1/1/1922 190 Mark
7/1/1922 400 Mark

How much was a German mark worth?

The post-war notes are a different matter altogether. With the war notes being almost worthless, and the German economy in dire need of rebuilding, the Paper Mark, or Papiermark, was issued. The exchange rate was 1 Paper Mark = One Trillion Reichsmark, a factor of 1: 10 to the power of twelve.

What was the German currency in 1930?


User(s) Weimar Republic Nazi Germany Allied-occupied Germany
Central bank Reichsbank

What was the German currency in 1919?

Issuance of the Danzig Papiermark

Issue Value
1918 First 20ℳ
1918 Second 50₰
1919 50₰

When did Germany start using marks?

In 1948 the deutsche mark (DM; “German mark”) was introduced in West Germany, and over the next several decades it developed into one of the world’s leading currencies, challenging the dollar and pound sterling on international markets.

How much was a mark worth in 1930?

Officer also gives the following details about German currency names: “On October 11, 1924 the monetary unit of Germany was changed from the mark to the reichsmark, where 1 reichsmark = 1,000,000,000,000 mark….

1926 RM 4.20
1928 RM 4.19
1929 RM 4.20
1930 RM 4.19
1931 RM 4.23