How much worth was 20 million peseta 1979? Thread poster: Heinrich Pesch
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Heinrich Pesch 
Finland
Local time: 19:31
Member (2003)
Finnish to German
+ ...
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, 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]
| | | | | 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
Spain
Local time: 18:31
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 ... See more 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] ▲ Collapse
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| 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
Finland
Local time: 19:31
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.
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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
Mexico
Local time: 10:31
Member (2006)
English to Spanish
+ ...
In México it as titled "Cuéntame cómo pasó". Good indeed.
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