Exchange Rates

Market, forward, & black-market rates, currency conversions

Exchange Rates to 1383


As trade grew in the 1300s, the need to transfer money internationally grew as well. Letters of credit enabled traders to obtain local currency at each port they visited. Traders wanted a guaranteed amount of money when they arrived at each port, and this is how the system of global exchange rates was born.

Forward rates were quoted on the currencies of other countries and cities depending upon how long the voyage from one city to another took, allowing for both the differences in the gold content of the coins and the time value of money as the ships sailed across the oceans. GFD charts changes in these exchange rates over time.

In the 1700s, countries began issuing paper money and exchange rates had to reflect the value of government paper, not gold coins. When the telegraph was introduced in the 1800s, money could be wired instantly and exchange rates had to reflect these changes.

Today, there are over 100 currencies and GFD provides daily data on currency fluctuations going back to the 1920s. GFD’s analytical tools allow you to convert economic and financial data of one country into common measure in another currency. No other source provides the detailed, historical data on the lifeblood of the global economy, exchange rates, than GFD.

REQUEST A DEMO with a GFDFinaeon Specialist

Please type your first name.
Please type your last name.
Please type your phone number in the following format 123-456-7890
Invalid email address.
Please type your company name.
Invalid Input
Image

Information

Our comprehensive financial databases span global markets offering data never compiled into an electronic format. We create and generate our own proprietary data series while we continue to investigate new sources and extend existing series whenever possible. GFD supports full data transparency to enable our users to verify financial data points, tracing them back to the original source documents. GFD is the original supplier of complete historical data.