Pre-decimal converter
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Stuart Thyer
For those who want to know what the pound has bought over the years, the short item below is from the RAHS newsletter. Only goes back to 1901 unfortunately. Pre-Decimal Inflation Calculator The Reserve bank of Australia has a very useful tool on its website, the Pre-Decimal Inflation Calculator, to access, click here. This tool will assist you in calculating the value of amounts expressed in Pounds, Shillings and Pence (Australia’s pre-decimal currency). This can be very useful in determining wages and salaries as compared with the cost of buying land or a house, paying rent or purchasing item(s) between 1901 and 2017. For example, it shows that £1/-/- in calendar year 1901 would cost $150.45 in 2017. The total change in cost is 7422.3 per cent, over 116 years, at an average annual inflation rate of 3.8 per cent.
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Petan
Thanks Stuart!
Use the 19th century website http://www.thomblake.com.au/secondary/hisdata/calculate.php for that era and I used £21000 in 1882 to convert to present day $2622750. But it only worked for £21000 not £21,000 with the comma after the thousand, so no comma.
Cheers Peter Cokley
From: LRRSA@...
Sent: Wednesday, 28 March 2018 3:36 PM To: Light Railways Yahoo Subject: [LRRSA] Pre-decimal converter
For those who want to know what the pound has bought over the years, the short item below is from the RAHS newsletter. Only goes back to 1901 unfortunately. Pre-Decimal Inflation Calculator The Reserve bank of Australia has a very useful tool on its website, the Pre-Decimal Inflation Calculator, to access, click here. This tool will assist you in calculating the value of amounts expressed in Pounds, Shillings and Pence (Australia’s pre-decimal currency). This can be very useful in determining wages and salaries as compared with the cost of buying land or a house, paying rent or purchasing item(s) between 1901 and 2017. For example, it shows that £1/-/- in calendar year 1901 would cost $150.45 in 2017. The total change in cost is 7422.3 per cent, over 116 years, at an average annual inflation rate of 3.8 per cent._._,_.___
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