Foreign Exchange Rates 1914-1941

As we begin to talk more seriously about the gold standard, as a real policy option instead of a historical item of interest, I think we might have some discussions about the 1920s and 1930s. Along these lines, I thought it would be good to make available some data on foreign exchange rates around the world at that time. This is an excerpt from the Federal Reserve's Banking and Monetary Statistics, 1914-1941. I was going to make graphs too, but that turned out to be too much work for now. Maybe I will later, for the major countries.

Click Here for data on foreign exchange rates from 1914-1941.

There's a lot more good stuff in the Banking and Monetary Statistics. I remember when I went to the microfilm department of the local university library for this stuff. We have it so easy today.

Click Here for Banking and Monetary Statistics, 1914-1941.

Nathan Lewis

(This item originally appeared at http://www.newworldeconomics.com/archives/2012/041512.html on April 30, 2012.)