I think it would be cool if you could add a conversion for old money amounts to modern amounts. For instance, a millionaire in 1920 was worth a whole lot more than a millionaire today. I'd like to be able to type in an amount and a year and have the converter tell me how much that is worth today.
I realize that it would likely be in American dollars, but that's ok. It's really just a reference.
Thanks!
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currency/inflation
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Dear convert-me.com forum visitors,
Our forum has been available for many years. In September 2014 we decided to switch it to read-only mode. Month after month we saw less posts with questions and answers from real people and more spam posts. We were spending more and more resources cleaning the spam until there were less them 1 legitimate message per 100 spam posts. Then we decided it's time to stop.
All the posts in the forum will be available and searchable. We understand there are a lot of useful information and we aren't going to remove anything. As for the new questions, you can always ask them on convert-me.com FaceBook page
Thank you for being with us and sorry for any inconveniences this could caused.
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Re: currency/inflation
by spider » Thu Apr 26, 2012 2:48 am
I think you are referring to the discounted present and future value calculators:
For example, you could buy as many goods and services for 1 million (in whatever currency) Today, as you could in 1920 (92 years ago) for 65,913.64 with average annual inflation rate of three (3) percent. You can use the discounted present value calculator for this type of calculations: http://www.aqua-calc.com/page/discounted-present-value-calculator
Another example, consider depositing 1,000,000 (in any currency) in 1920 with three (3) percent annual interest rate. Then, Today your account would hold 15,171,365.56. Here, I've used this future value calculator: http://www.aqua-calc.com/page/future-value-calculator
For example, you could buy as many goods and services for 1 million (in whatever currency) Today, as you could in 1920 (92 years ago) for 65,913.64 with average annual inflation rate of three (3) percent. You can use the discounted present value calculator for this type of calculations: http://www.aqua-calc.com/page/discounted-present-value-calculator
Another example, consider depositing 1,000,000 (in any currency) in 1920 with three (3) percent annual interest rate. Then, Today your account would hold 15,171,365.56. Here, I've used this future value calculator: http://www.aqua-calc.com/page/future-value-calculator
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