The US dollar in the 1960s
From 1949 to 1967 a pound sterling was worth $2.80. That meant you got 7s 2d (7 shillings and 2 pence or 36p) for a US dollar. From 1967 the value of the pound changed to $2.40. So you got 100d (that's one hundred old pence, not £1 but just 42p, or 8s 4d).
How far did the US dollar go in the 1960s?
These are the exchange rates against a number of well-known currencies in 1964.
|Country||Currency||Exchange rate (1964)||Value in USD|
|West Germany||Deutsch Mark||3.97||25c|
|Italy||Lira||623.21||less than 1c|
|Japan||Yen||357.77||less than 1c|
Source: Collins Unique Gem Reckoner, revised edition 1964, adjusted using the Bretton-Woods system for 1964.
(*) Australia changed to Dollars in 1966 with one Australian Pound worth two Australian Dollars.
A Soviet Rouble was worth more than a US dollar.
Two national currencies were worth less than 1 cent, the Italian Lira and the Japanese Yen.
A West German Mark was worth a quarter; the coins were about the same size.
Article by Steven Braggs, December 2020