5 million pesetas in pounds in 1996

The action you just performed triggered the security solution. However, by mistake one batch was minted with the wrong year 1975 on and these are worth up to 400. The Spanish Peseta (ESP) is obsolete. The Consumer Price Index, used above, is the most common standard used globally. 10000 Spanish pesetas = 68.765401 US dollars. Spanish Peseta (ESP) United States Dollar (USD) . 4.5/5, 2.2k ratings. Get the latest 1 Mexican Peso to British Pound rate for FREE with the original Universal Currency Converter. The Spanish Peseta is the currency in Spain (ES, ESP). Live tracking and notifications + flexible delivery and payment options. [11] The Spanish Law of June 26, 1864 decreed that in preparation for joining the Latin Monetary Union (set up in 1865), the peseta became a subdivision of the Spanish peso with 1 peso duro = 5 pesetas. These coins were minted in Vienna. and c e) none of the above (don't worry about Over 70 million downloads worldwide. [16], The peseta was replaced by the euro in 2002,[17] following the establishment of the euro in 1999. in the dollar value of the equity of your Spanish subsidiary, you can best To help put this inflation into perspective, if we had invested $1,000,000 in the S&P 500 index in 1996, our investment would be nominally worth approximately $11,094,755.45 in 2023. Language . This Spanish Peseta and Euro convertor is up to date with exchange rates from March 2, 2023. 3.8/5, 90.8k ratings. Enter the amount to be converted in the box to the left of Spanish Peseta. SPONSORED. Alcoa's In 1989 the biggest changes came. 1 Spanish peseta = 0.005767 US dollar. Silver Pts100 were issued between 1966 and 1969, with aluminium 50 cntimos introduced in 1967. the bid-ask prices), 15. The currency code for Spanish Pesetas is ESP. with British Gas. At the time the price of the nickel they were minted from rose and many were withdrawn from circulation to avoid speculation, meaning they are now pretty rare. This means the inflation-adjusted real return of our $1,000,000 investment is $4,818,655.38. These percentages show how much the exchange rate has fluctuated over the last 30 and 90-day periods. The Spanish government captured all profits from minting duros (5-peseta coins) out of silver bought for less than Pts5. Under the contract, Du Pont agrees to pay British Gas The most coveted coins of the series were those manufactured in 1983. Raw data for these calculations comes from the Bureau of Labor Statistics' Consumer Price Index (CPI), established in 1913. spot rate is FF 1 = $0.18834 and the 180-day forward rate is FF 1 = $0.18625. The Pta1, Pts5, Pts25, and Pts50 were all replaced by coins by the late 1950s. The average inflation rate of 2.42% has a compounding effect between 1996 and 2023. 20 million pesetas in pounds 1998. a) $3,647 b) $414 c) GM gained $1,069 d) GM gained 0.008572. The current e) none of the above, 3. The GBP conversion factor has 6 significant digits. During this period, all coins except the Pta1 and Pts500 went through a commemorative redesign each year, in a similar vein to the U.S. State commemorative quarters program, until they were discontinued in 2001 before the introduction of the euro common currency. A cupronickel Pts10 was introduced in 1983, a denomination that had not been issued for many decades. The lowest four denominations were struck in copper (replaced by bronze from 1877), with the 20cts, 50cts, Pta1 and Pts2 struck in .835 silver and the Pts5 struck in .900 silver. spite of the fact that the Swiss unit is not in the Euro system, Date. 3.8/5, 90.8k ratings. of this money market hedge? risk, sells 500,000 forward 90 days. (closest) While total issuance was limited to prevent the peseta from falling below the silver franc, the abundance of duros in circulation prevented the peseta from returning to par with the gold franc. 18. The Andorran peseta (ADP) (pesseta in Catalan) was pegged at 1:1 to the Spanish peseta. The peseta was replaced by the euro on 1 January 1999 on currency exchange boards. BREAKING: Hollywood star Tom Sizemore passes away aged 61 after suffering a brain aneurysm, BREAKING: Three children dead and two injured after mass stabbing attack in Italy, Texas, BREAKING: Bus transporting 40 schoolkids plunges into creek in French Alps after driver suffers probable medical issue, Temperatures FINALLY set to rise across Spain but ice set to be replaced with rain, Criminal organisation that formed part Spanish biker gang Comanchero MC dismantled. Send money online fast, secure and easy. The compounding effect of inflation would account for 47.55% of returns ($5,276,100.07) during this period. hedge You may use the following MLA citation for this page: $1,000,000 in 1996 2023 | Inflation Calculator. Official Inflation Data, Alioth Finance, 20 Feb. 2023, https://www.officialdata.org/us/inflation/1996?amount=1000000. To protect against exchange risk, the importer Compare these values to the overall average of 2.42% per year: The graph below compares inflation in categories of goods over time. A series of coins was issued to commemorate the 1982 FIFA World Cup held in Spain. amount is in future dollars. - -. In 1966 Franco's profile was redesigned to depict a more recent representation of the leader. Other than that, the use of the "peseta symbol" standalone is extremely rare, and has been outdated since the adoption of the euro in Spain. Boost your Profits with IFCM Invest . Monday, 6 February 2023. But there were bigger changes to each coin in 1982. Performance & security by Cloudflare. CPI is the weighted combination of many categories of spending that are tracked by the government. You get: 0.00 160 5 Spanish Pesetas coin (type 1975 to 1984) to collect in one year. All rights reserved. Detailed information about the coin 5 Pesetas (La Rioja), Spain, with pictures and collection and swap management: mintage, descriptions, metal, weight, size, value and other numismatic data . This means that the PCE Index equates $1,000,000 in 1996 with $1,677,733.18 in 2023, a difference of $677,733.18. From 1868 to 1982, a unique dating system for Spanish coins was employed. For more information on the difference between PCE and CPI, see this analysis provided by the Bureau of Labor Statistics. However, as the free minting of silver was suspended to the general public, the peseta had a floating exchange rate between the value of the gold franc and the silver franc. enters into these transactions, the spot rate for the peseta is $0.095. From. in France. Smaller aluminium bronze Pts5 were introduced, and reduced aluminium bronze Pts25 were also introduced which had a hole in the centre. on this contract? These percentages show how much the exchange rate has fluctuated over the last 30 and 90-day periods. The most coveted coins of . using '20 duros' for Pts100). [14], All Franco era coinage was withdrawn in 1997. could Compaq protect this receivable using a money market hedge? 17a. The Xe Rate Alerts will let you know when the rate you need is triggered on your selected currency pairs. In 1926, a final issue of silver 50cts was made, followed by the introduction of a holed version of the 25cts in 1927. 4675 6133 515 0000 16 5942 26 800 19. In 1937 a 5cts coin was struck in iron and a new Pta1 in brass. The currency symbol is . a) sell the franc amount of the bid forward for U.S. dollars Use "Swap currencies" to make Pound Sterling the default currency. The currency code for British Pounds is GBP. Gold Pts25 coins were introduced in 1876, followed by Pts10 in 1878. This Spanish Peseta and Pound Sterling convertor is up to date with exchange rates from March 3, 2023. Compaq Computer has a 1 million receivable that it expects Monday, 13 February 2023. Use "Swap currencies" to make Pound Sterling the default currency. The brass Pta1 was sometimes nicknamed La Rubia (The Blonde), as it featured a woman's face in a gold-coloured alloy.[20]. This Spanish Peseta and Pound Sterling convertor is up to date with exchange rates from March 3, 2023. Coin production resumed in 1925 with the introduction of cupronickel 25cts. Assuming that the spot rate Click on United States Dollars or Spanish Pesetas to convert between that currency and all other currencies. [2] The word peseta has been known as early as 1737 to colloquially refer to the coin worth 2 reales provincial or 15 of a peso. 4.7/5, 41.5k ratings. b 6b. This is a return on investment of 1,009.48%, with an absolute return of $10,094,755.45 on top of the original $1,000,000. Goodyear has operations in both Germany and Switzerland. At the time Ford SPAIN 2000 PESETAS 1996 RARE SILVER PROOF TAJ MAHAL UNESCO WORLD HERITAGE Z215. We exchange all 5 Pesetas coins dated 1989 and later. American Airlines hedges a 2.5 million receivable by selling pounds forward. These currency charts use live mid-market rates, are easy to use, and are very reliable. All of these replaced symbols and images related to the monarchy. Shortly afterwards, the large cupronickel Pts100 was replaced by a smaller aluminium bronze coin, which also replaced the 100 banknote. 1 = $0.087 in one year, what is the cost to Ford In order to evaluate the real return on our investment, we must calculate the return with inflation taken into account. Date. In 1934, the Second Spanish Republic issued its first coins in the denomination of 25cts and 50cts and Pta1. Hedging cannot provide protection against "expected" exchange rate Forex . French franc 1-year forward quote = $0.1729-47 (note $1,000,000 in 1996 is equivalent in purchasing power to about $1,906,755.90 today, an increase of $906,755.90 over 27 years. While total issuance was limited to prevent the peseta from falling below the silver franc, the abundance of duros in circulation prevented the peseta from returning to par with the gold franc. the spot rate and the 90-day forward rate on the pound sterling are $1.35 a) BF 82,781,457 b) BF 87,108,014 c) BF 81,433,225 The obverse of the first three denominations feature Cathedral of Santiago de Compostela, the 10, 20, and 50 cents depict Spanish poet-writer Miguel de Cervantes, and the 1 and 2 euros depict the effigy of King Juan Carlos I or King Felipe VI. Published rates of inflation will vary depending on methodology. $1,000,000 in 1996 is equivalent in purchasing power to about $1,906,755.90 today, an increase of $906,755.90 over 27 years. 2003 - 2023 Mataf - 20 years at your service - version 23.02.01.us.na English Franais Indonesia espaol Ting Vit hrvatski Trke portugus lietuvi magyar italiano romn polski . Minor discrepancies can occur because we use the latest CPI data for inflation, annualized inflation numbers for previous years, and we compute S&P price and dividends from January of 1996 to latest available data for 2023 using average monthly close price. The dollar had an average inflation rate of 2.42% per year between 1996 and today, producing a cumulative price increase of 90.68%. For detailled exchange rates, please consult your local forex market. or Best Offer. 100 Pesetas 1966. exchange The currency code for US Dollars is USD. A dollar today only buys 52.445% of what it could buy back then. Xe Historical Currency Exchange Rates Chart, Mar 5, 2023, 00:03 UTC - Mar 5, 2023, 00:03 UTCESP/GBP close: 0 low: 0 high: 0. The basic or "classic" hedging strategy involves a) reducing In 1959, Spain became part of the Bretton Woods System, pegging the peseta at a value of Pts60 = US$1. When did Spain stop using pesetas? According to the Bureau of Labor Statistics, each of these USD amounts below is equal in terms of what it could buy at the time: This conversion table shows various other 1996 amounts in today's dollars, based on the 90.68% change in prices: Inflation can vary widely by city, even within the United States. This would be adopted and sometimes abandoned intermittently during various times, and continued through to be used through the first years of Juan Carlos I's reign. The inflation rate in the United Kingdom between 1996 and today has been 83.51%, which translates into a total increase of 83.51. b) Pepsi gains $217,903 from the forward contract c) Pepsi 1 Peseta 1947. History of daily rates ESP /USD since Monday, 7 February 2022. Again, b) is less than the sum of its SwF and DM exposures because the currencies [15] At the time Euro became a material coin, Pts185.29 were needed to buy US$1, that is, 1.1743 euros. Pts200 and Pts500 notes were withdrawn in 1992 and replaced by coins, leaving Pts1,000 as the smallest note. 2023 EWN Media. These large silver coins were manufactured in 1966, although those from 1969 are generally more expensive, reaching around 145. The currency code for Spanish Pesetas is ESP. Subsequent international MS-DOS code pages, like code page 850 and others, deprecated this character in favour of some other national characters. Privacy Policy for more information about our privacy practices. In Unicode 2.0 the reference glyph P with stroke was erroneously displayed as the only symbol for peseta[5] and was later corrected to the Pts ligature and a separate character code was added for the peso sign. the interim period Amount. Convert 1000 Spanish Pesetas to Pounds with real time Forex rates based on up-to-the-second interbank exchange rates. The Pts200 and Pts500 notes were replaced by coins in 1986 and 1987. Also of note is the Core CPI, which uses the standard CPI but omits the more volatile categories of food and energy. Franc 1 Reichsmark J. Drachma * Pengo ! 1000 ESP to GBP Online Currency Converter (Calculator). 7598 9 9094 9 9634 48 1067 96. a) $10 million b) $9,702,381 subsidiary, you can hedge by a) selling francs forward in the amount Set rate alerts for MXN to GBP and learn more about Mexican Pesos and British Pounds from XE - the Currency Authority. Core inflation averaged 2.25% per year between 1996 and 2023 (vs all-CPI inflation of 2.42%), for an inflation total of 82.39%. 4.5/5, 2.2k ratings. This effect explains how inflation erodes the value of a dollar over time. The Spanish Peseta (ESP) is obsolete. a) hedging can still be of value b) exchange risk management Common abbreviations were "Pta" (plural: "Pts), "Pt", and "Ptas". Subscribe to our Euro Weekly News alerts to get the latest stories into your inbox! Your IP: yen payable in 90 days. Pta1 and Pts2 notes were added in 1937. The best day to change Spanish pesetas in US dollars was the Monday, 7 February 2022. They are known as '20 duros'. More information: currency converter. in one year if it executes a money market hedge today? Descriptions of the indicators pay BG the pound equivalent of $10 million at the base rate of $1.70. Pound Sterling is the currency in Channel Islands (Aldernay, Guernsey, Jersey, Sark), Isle of Man, and United Kingdom (England, Great Britain, Northern Ireland, Scotland, Wales, UK, GB, GBR). All the fractional coinage was withdrawn in 1983; at the same time, Pts2,000 and Pts10,000 notes were introduced. This website is using a security service to protect itself from online attacks. SPONSORED. This original character set chart later became the MS-DOS code page 437. Cupronickel Pts200 coins were introduced in 1986, followed by aluminium bronze Pts500 in 1987. In 1889, Pts20 coins were introduced, with production of the Pts25 ceasing. Need to know when a currency hits a specific rate? These are the average exchange rates of these two currencies for the last 30 and 90 days. Reverse. 1 Spanish peseta = 0.007754 Canadian dollar. These are derived from the mid-point between the "buy" and "sell" transactional rates from global currency markets. b) sell yen on the forward market c) sell a call Our currency rankings show that the most popular British Pound exchange rate is the GBP to USD rate. Production of gold coins ceased in 1904, followed by that of silver coins in 1910. The peseta ceased to be legal tender in 2002, when the euro, the monetary unit of the European Union, was adopted as the country's sole monetary unit.In 1868 the peseta replaced the peso, which had been adopted in the 15th century and which was known in full as the peso de ocho ("piece of eight"), as Spain's currency. Later, Spanish models of IBM electric typewriters also included the same type in its repertoire. For example, if you started with $1,000,000, you would need to end with $1,906,755.90 in order to "adjust" for inflation (sometimes refered to as "beating inflation"). Live tracking and notifications + flexible delivery and payment options. They are not transactional rates. 100.00 British pounds = 18541.12 Spanish pesetas Historical British pound / Spanish peseta History of daily rates GBP /ESP since Wednesday, 12 January 2022. Known as the PEOPLES PAPER, Euro Weekly News is the leading English language newspaper in Spain. Other valuable coins include: - 100 Pesetas 1983. Powering commercial grade rates at 300+ companies worldwide. When using the core inflation measurement, $1,000,000 in 1996 is equivalent in buying power to $1,823,865.63 in 2023, a difference of $823,865.63. Review our Privacy Policy for more information about our privacy practices. d) sell a call option on francs in the amount of franc exposure or Best Offer. The peseta was subdivided into 100 cntimos or, informally, 4 reales. How You may also want to account for capital gains tax, which would take your real return down to around $4,095,857 for most people. This preceded a wholesale redesign in all circulating Spanish coins and abandonment of the "star" dating system. The currency code for Spanish Pesetas is ESP. d) be backed by a currency board. These currency charts use live mid-market rates, are easy to use, and are very reliable. In 2002, Spain changed its official currency from the Peseta to the Euro. Smaller Pts50 coins were also issued the same year in cupronickel with the distinct Spanish flower shape that would eventually be used by many countries, most notably the 20-cent coin of the euro. From the mid-1940s, denominations issued were Pta1, Pts5, Pts25, Pts50, Pts100, Pts500, and Pts1,000. $4.99 shipping. In 1883 the peseta went off the gold standard and traded below parity with the gold French franc. However, there is a variant from 1966 that has a straight nine and can be worth up to 400. On this Wikipedia the language links are at the top of the page across from the article title. This means that 100 pounds in 1996 are equivalent to 183.51 pounds in 2023. by English. DEC requires a minimum price The average annual inflation rate between these periods has . In 1869 and 1870, coins were introduced in denominations of 1, 2, 5, 10, 20, and 50 cntimos, and Pta1, Pts2, and Pts5. Suppose PPP holds, markets are efficient, there are no taxes, and This is for informational purposes only. 1 million pesetas in pounds in 1988. fbi number lookup; ohio state board of cosmetology laws and rules; making scale model motorcycle wire wheels; thug and diva ancient buddhist demon; land with well and septic owner financing florida. This dating system would be abandoned in the early 1980s anticipating a one-by-one redesign of each coin denomination. c) allowed to float. Create a chart for any currency pair in the world to see their currency history. In For more details on the S&P 500 between 1996 and 2023, see the stock market returns calculator. a) 2.0% b) 3.8% c) 1.3% d) Ford has a 6.5% gain, Recall that the converted amount is $1,906,755.90 when all items including food and energy are measured. One EUR is equivalent to 166.386 ESP. the U.S. dollar. a) appreciate b) depreciate Supported by WP Advisor. 4.7/5, 41.5k ratings. Ian Webster is an engineer and data expert based in San Mateo, California. . 469, 67-4, Foreign Currency and Exchange Investigation", "A Point of View: Making friends the shared currency way", El paro y la devaluacin de la peseta le explotan al PSOE en plena campaa, "Banco de Espaa - Banknotes and coins - Public - History of peseta coins and notes", "Spain town reintroduces peseta to boost economy", Japanese government-issued Philippine peso, Economic and Monetary Union of the European Union, European Financial Stabilisation Mechanism, https://en.wikipedia.org/w/index.php?title=Spanish_peseta&oldid=1136520454, Articles containing Catalan-language text, Short description is different from Wikidata, Articles containing Spanish-language text, Articles with unsourced statements from March 2017, Articles with unsourced statements from February 2007, Articles with German-language sources (de), Creative Commons Attribution-ShareAlike License 3.0, Pts200 Madrid European Capital of Culture 1992, Pts1,000, Pts2,000, Pts5,000, Pts10,000, Pta1, Pts10, Pts200, Pts1,000, Pts2,000. 50 Pesetas 1984. In fact coin collectors are willing to pay up to 20,000 for a single five peseta piece providing it is the right one of course. If the spot rate is 1 = $1.73 and the 90 day forward rate is $1.7158, what is American's cost of hedging? to a Belgian company. 1 million pesetas in pounds in 1988 We use the mid-market rate for our Converter. It was replaced with the Euro (EUR) on January 1, 1999. DEC hedges a FF 3.2 million receivable due in 180 days. And its FREE! buying pesetas forward in the amount of net assets c) reducing the liabilities of the subsidiary d) selling pesetas forward in the amount of total assets . French borrowing rate for 1 year = 11.3% c 7. c 8. c 9. c 10. e 11. b are highly correlated c) is less than the sum of its d) $174,700. These currency charts use live mid-market rates, are easy to use, and are very reliable. The currency code for British Pounds is GBP. c) $530,012 d) $520,940, 16. It was replaced with the Euro (EUR) on January 1, 1999. this one), 20. The dollar One dollar is equal to 122.42 Spanish pesetas and one peseta is equal to approximately 0.01 dollars. The currency code for Mexican Pesos is MXN. d 18. b 19. c 20. c. e) none of the above, 2. Suppose Pepsico hedges a 1 billion dividend it expects to receive Free shipping. We use the mid-market rate for our Converter. What is the most appropriate way for Bechtel to manage the exchange risk The Spanish peseta/US dollar converter is provided without any warranty. In 1936, the Republicans issued Pts5 and Pts10 notes. the currency risk equally beyond a neutral zone, specified as a band of 25 Pesetas 1995. The following information is to be used in answering questions 15-17. Language. Powering commercial grade rates at 300+ companies worldwide. Price history of USD / ESP. The maximum was reached on Sunday, 6 February 2022. changes. [7] The 12-cntimo coin was last minted in 1868 and featured Queen Isabel II.[8]. Currently, the best preserved coins can be sold for up to 1,400. Inflation can also vary widely by country. The total PCE inflation between these dates was 67.77%. 10000 Spanish pesetas = 57.671980 US dollars. From 1873, only the gold standard applied. ISO code: ESP Spanish peseta to Pound sterling exchange rate 3.8/5, 90.8k ratings. Our currency rankings show that the most popular Spanish Peseta exchange rate is the ESP to USD rate. CHAPTER 10b for the final focus on 1-10 and 16, 17b, 18, 20 . Coins ranged from Pta1 to Pts500. When did Spain stop using pesetas? The exchange rate was 1 = Pts166.386.[18]. These are the highest points the exchange rate has been at in the last 30 and 90-day periods. the SwF and Deutsche mark are highly correlated in their movements against Wise uses the real exchange rate; making them up to 8x cheaper than your bank. Each year the design was dedicated to an Autonomous Community and early examples dedicated to Castile and Leon reach 100 at auction. Special thanks to QuickChart for their chart image API, which is used for chart downloads. After one century with the Pts1,000 being the largest note, the Pts5,000 note was introduced in 1976. Ford simultaneously borrows Spanish pesetas at 13% and invests the Historical Spanish peseta / US dollar. Here's how some cities fared in 1996 to 2023 (figures shown are purchasing power equivalents of $1,000,000): Seattle, Washington experienced the highest rate of inflation during the 27 years between 1996 and 2023 (4.33%). It is one of the most desired coins among collectors because they were manufactured for the 1982 World Cup. . from its Japanese subsidiary in 90 days with a forward contract. American Airlines hedges a 2.5 million receivable by selling option on yen d) buy a futures contract for yen on the futures Currencies used in Spain before the peseta's introduction in 1868 include: The peseta, previously not a monetary unit but a colloquial name for the coin worth 15 of a peso, was formally introduced as a currency unit in 1868, at a time when Spain considered joining the Latin Monetary Union (LMU). Depending on condition, they are worth between 12,000 and 20,000. These currency charts use live mid-market rates, are easy to use, and are very reliable. Compare these numbers to the US's overall absolute change of $906,755.90 and total percent change of 90.68%. As noted above, this yearly inflation rate compounds to produce an overall price difference of 90.68% over 27 years. By signing up, you will create a Euro Weekly News account if you dont already have one. The gold-colored Spanish piece of 5 ptas exists in many different design variations, each one issued to commemorate people, events or places in Spain like, the Islas Baleares. The PCE Price Index changed by 2.01% per year on average between 1996 and 2023. with inflation the same in both countries, with a resulting adverse change Powering commercial grade rates at 300+ companies worldwide. and establishing a new rate of Pts70 = US$1. 14. b 15. b 16. a 17a. we mean by the true cost of the hedge: the true (or eventual)cost of the Live tracking and notifications + flexible delivery and payment options. The Pts100 note was replaced by a coin in 1982, with Pts1,000 notes introduced in 1983, Pts200 in 1984 and Pts10,000 in 1987. SwF and DM exposures because of diversification d) b 5.00 784 10.00 1569 20.00 3138 50.00 7845 100.00 15,689 200.00 31,379 500.00 78,447 1000.00 156,894 . Following the outbreak of the Spanish Civil War on 17 July 1936, the Andorran General Council issued Decree No. 5 Pesetas 1975 with reverse marked Mundial 82. Converter You are currently converting foreign exchange units from Spanish Peseta to United States dollar 1 Pts = 0.0066422260953182 $ Spanish Peseta Pts The ESP conversion factor has 6 significant digits. Click on Pounds Sterling or Spanish Pesetas to convert between that currency and all other currencies. These were holed 25cts featuring a rising sun and a clutch of arrows. Over 70 million downloads worldwide. $177,470 b) $176,300 c) $172,900 locked- in cost of the payable using a forward hedge is a) piece, i.e. in2013dollars.com is a reference website maintained by the Official Data Foundation. Market Opportunity Scanner for MT4/5. Powering commercial grade rates at 300+ companies worldwide. unit has net inflows of DM, then Goodyear's combined transaction exposure These are the lowest points the exchange rate has been at in the last 30 and 90-day periods. French deposit rate for 1 year = 10.2% Anyone with Pesetas could exchange them for Euros at rate of 166.386 Pesetas to one Euro. On March 1st of 2002, the Euro became the legal currency in Spain. Send money online fast, secure and easy. DEC is asked to quote a price in Belgian francs for computer sales the spot rate at the time of payment is 1 = $1.63. The Spanish government captured all profits from minting duros (5-peseta coins) out of silver bought for less than Pts 5. Enter the amount to be converted in the . These are the lowest points the exchange rate has been at in the last 30 and 90-day periods.