Google Calculator can convert one currency to another at today's exchange rates, but often I'll want to convert one currency to itself at a different time. For example, what would $1,000 in 1930 be worth in today's dollars? Is there a Web app to do this?
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Slap it into WolframAlpha (although I still dislike the guess-the-syntax game) Here is what you can use. compute the current value of a historical quantity of money
compute historical equivalent value of today's money
convert one historical quantity of money to another
http://www.wolframalpha.com/input/?i=+$1,000+in+1930+be+worth+today This returns $ 12952.10(2010 US dollars) Also gives the purchasing power.
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Try this site, it gives the purchasing power of money for the US and UK going back to 1257 http://eh.net/hmit/ |
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You have to apply an inflation based coefficient, there's an entire site on this topic: http://inflationdata.com/Inflation/Inflation/Inflation.asp. However it is not that simple, as the raw convertion is not an indication of the real value of money. So you have to take in account purchasing power: http://www.measuringworth.com/ppowerus/ |
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