Currency exchange rates used by the Wehrmacht



Introduction

The table below shows the exchange rates used by the Wehrmacht, as of 1942-04-15. For many of the occupied counties, the Germans could also draw on the RKK (Reichkreditkasse), which basically worked as a gigantic credit on each nations central bank, so that the Germans bought goods and services in each country for the countrys own money (which, of course, was never repaid). The official ISO currency codes for each country have been used below, except for Hungary, which used Pengö at the time in stead of Forint. RM means Reichmark.

Currency exchange rates as of 1942-04-15
Country Exchange rate
Belgium 1 BEF = 0.08 RM
Bulgaria 1 BGL = 0.0308 RM
Croatia 1 HRK = 0.05 RM
Denmark 1 DKK = 0.5220 RM
Finland 1 FIM = 0.05065 RM
France 1 FRF = 0.05 RM
Greece 1 GRD = 0.0167 RM
Hungary 1 HUP = 0.609 RM
Italy 1 ITL = 0.1315 RM
Norway 1 NOK = 0.57 RM
Poland 1 PLN = 0.5 RM
Portugal 1 PTE = 0.1005 RM
Romania 1 ROL = 0.0167 RM
Russia 1 RUR = 0.1 RM
Serbia 1 CSD = 0.05 RM
Slovakia 1 SKK = 0.086 RM
Spain 1 ESP = 0.2358 RM
Sweden 1 SEK = 0.5952 RM
The Netherlands 1 HLG = 1.327 RM

Sources

  1. Wehrwirtschaftliches Unterrichtsmaterial Heft 7 - Das Devisenrecht der deutschen Wehrmacht - Grundriß. 1942.

All contents written by Christian Ankerstjerne unless stated otherwise