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What was the exchange rate of one pound sterling to an America dollar in 1886?

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carol23 | eNotes Newbie

Posted February 12, 2009 at 12:16 PM via web

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What was the exchange rate of one pound sterling to an America dollar in 1886?

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linda-allen | High School Teacher | (Level 3) Senior Educator

Posted February 12, 2009 at 12:56 PM (Answer #1)

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What an interesting question. I did some searching and found a currency converter that does historical conversions. That site, measuringworth.org, calculates the worth of currency from the past in comparison to that same currency today.

According to them, the US dollar was worth 0.2057 British pounds--not even a whole pound!!

Today, the US dollar is worth about .70 British pounds.

Visit the links below for more information.

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