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The E-Sylum:  Volume 9, Number 38, September 18, 2006, Article 3

CURRENCY EXCHANGE RATES FOR 17TH-CENTURY HOLLAND

Henk Groenendijk writes: "In response to Granvyl Hulse's question
about the currency exchange rates for 17th century Holland I can
give the following reply:

The term “Carolus gulden van 20 stuivers per gulden” is a legal
term indicating the monetary unit of account. This unit corresponds
with a gulden having a silver content of 9.61 grams fine. A listing
of the exchange rate of the gulden in pounds is given in: “Van £
Hollands tot Nederlandse ƒ; De geschiedenis van de Nederlandse
geldeenheid”, by W.L. Korthals Altes (1996).

The actual exchange rate for 1684 is not mentioned but during the
decade in question the exchange rate was fairly constant. The lowest
and highest values (monthly averages) for the years 1682 to 1686 are
given as 10.53 and 10.88 gulder per pound, say an average value of
10.70. So 300 gulden would equal 28.04 pounds or approximately
£ 28.0.10. Alternatively the amount of silver (2.883 kg) could be
used to calculate the approximate equivalent in other currencies."

  Wayne Homren, Editor

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