French Francs to Dollars Historical: Exchange Rate Evolution

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1943 coin
Credit: wikimedia.org, 1943 coin

The French Franc was the official currency of France from 1360 to 2002, when it was replaced by the Euro.

In 1945, the French Franc was pegged to the US Dollar at a rate of 119.2 Francs to 1 Dollar.

The French Franc was a widely traded currency, but its value fluctuated over the years due to economic factors.

By 1969, the exchange rate had changed to 3.91 Francs to 1 Dollar.

For more insights, see: Chf Usd Exchange Rate Historical

Historical Exchange Rates

Historical exchange rates between the French franc and the US dollar are a fascinating topic. The data is sourced from the Federal Reserve Bank of St. Louis, which is a reputable institution.

The exchange rate data is available from 1971 to 2001, with a frequency of monthly updates. This means you can find out the exact exchange rate for any given month during this period.

The data is not seasonally adjusted, which is important to note if you're looking to analyze trends over time.

France / U.S. Foreign Exchange Rate

5 francs 1827 coin
Credit: wikimedia.org, 5 francs 1827 coin

The France / U.S. Foreign Exchange Rate has a rich history, with data available from 1971 to 2001. This data is sourced from the Federal Reserve Bank of St. Louis.

The exchange rate was measured in French Francs to One U.S. Dollar. The data was not seasonally adjusted and was released on a monthly basis.

You can access the historical data from 1971-01-01 to 2001-12-01. The data was last updated on 2006-03-08 at 9:21 AM CST.

The exchange rate for CFP francs to US dollars is currently 0.009, reflecting a 0.000% change since yesterday.

Currency Converter 1916–1940

In 1916, the British government introduced the Gold Standard, fixing the value of the pound to gold at a rate of £1 = 113.29 grains of gold. The US dollar was pegged to gold at a rate of $20.67 per ounce.

The gold standard led to a strong pound, making British exports more expensive and imports cheaper. This had a significant impact on the UK's economy.

Brunette Man Showing a Currency Exchange Rate Diagram
Credit: pexels.com, Brunette Man Showing a Currency Exchange Rate Diagram

During the 1920s, the pound appreciated against the US dollar, reaching a high of £1 = $4.86 in 1925. This was largely due to the UK's strong trade balance and the gold standard.

The gold standard was abandoned in 1931, leading to a devaluation of the pound to £1 = $3.37. This made British exports cheaper and imports more expensive.

In 1933, the US dollar was devalued to $35 per ounce of gold, while the pound remained pegged to gold at a rate of £1 = $4.25.

Currency Conversion Tools

In the past, converting French francs to dollars was a complex process that often involved manual calculations or visits to a bank.

The French franc was pegged to the US dollar at a fixed rate of 4.88 francs per dollar until 1958.

To convert French francs to dollars, one could use a currency conversion tool or consult a financial institution.

The French government introduced a floating exchange rate in 1958, allowing the franc to fluctuate against the dollar.

One notable example of the fluctuating exchange rate is the franc's value dropping to 4.20 per dollar in 1969.

Check this out: Series B Banknotes

Exchange Rate Specifics

1943 coin 2418
Credit: wikimedia.org, 1943 coin 2418

The French franc to dollars historical data is quite fascinating. The exchange rate series ID is EXFRUS.

The source of this data is the Federal Reserve Bank of St. Louis. This organization is a trusted source for economic data, and their information is widely used by researchers and investors.

The exchange rate data is not seasonally adjusted, which means that it reflects the actual fluctuations in the exchange rate over time. This can be useful for understanding the underlying trends in the data.

The data is available on a monthly frequency, which is a good resolution for understanding the short-term movements in the exchange rate. However, it may not be sufficient for capturing long-term trends.

The units of the exchange rate are French Francs to one U.S. Dollar, which is a common way to express exchange rates. This makes it easy to compare the data to other exchange rates.

The data is available from January 1971 to December 2001, which is a significant period of time. It covers the transition from the Bretton Woods system to the current floating exchange rate regime.

Here is a summary of the key characteristics of the French franc to dollars historical data:

  • Series ID: EXFRUS
  • Source: Federal Reserve Bank of St. Louis
  • Seasonal Adjustment: Not Seasonally Adjusted
  • Frequency: Monthly
  • Units: French Francs to one U.S. Dollar
  • Date Range: January 1971 to December 2001

Frequently Asked Questions

How much was 1 franc worth in 1940?

In 1940, 1 French Franc was equivalent to approximately 2 US cents.

What was the value of the French franc in 1960?

In 1960, the French franc was approximately 5.50 FF to US$1. This represents a significant devaluation from the 1950s, when 1 US$ was equivalent to 500-700 FF.

Tommy Weber

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Tommy Weber is a seasoned Assigning Editor with a keen eye for detail and a passion for storytelling. With extensive experience in assigning articles across various categories, Tommy has honed his skills in identifying and selecting compelling topics that resonate with readers. Tommy's expertise lies in assigning articles related to personal finance, specifically in the areas of bank card credit and bank credit cards.

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