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Exchange rates for the Deutsche Mark in Croatia / DEM 100 = HRD ... (selling) / up to 1993

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Time series key BBEX3.A.HRD.DEM.CA.AB.A04
Unit HRD
Dimension one
Timespan from 1992 to 1993
Last update 20.09.2023 12:48:48 PM
   
General Croatia introduced the Croatian dinar (HRD) as provisional legal tender with effect from 23 December 1991. The Yugoslav dinar was converted to Croatian dinar at a rate of 1:1. With effect from 30 May 1994, the kuna (HRK) was introduced as Croatia's new legal tender. The Croatian dinar was converted to kuna at a rate of HRD 1,000 = HRK 1; the Croatian dinar could be exchanged for kuna at this rate until 31 December 1994. Exchange rates as of 1994, see BBEX3.A.HRK.DEM.CA.AB.A04.
Methodology Calculated on the basis of mid-month and month-end rates.
Source Zagrebacka Banka, Zagreb.
   
Comment on 1993 With effect from 4 October 1993, the exchange rates were adjusted sharply. We recorded the following exchange rates (buying/selling rate): 2 October 1993: DEM 100 = HRD 373,821.5000 / 377,578.5000 4 October 1993: DEM 100 = HRD 442,178.0000 / 446,622.0000 On the basis of the above-mentioned rates, the Croatian dinar depreciated by 15.5%.
Comment on 1992 With effect from 6 March 1992, the exchange rates were adjusted sharply. We recorded the following exchange rates (buying/selling rate): 5 March 1992: DEM 100 = HRD 5,483.5000 / 5,516.5000 6 March 1992: DEM 100 = HRD 6,679.9000 / 6,720.1000 On the basis of the above-mentioned rates, the Croatian dinar depreciated by 17.9%. With effect from 18 April 1992, the Croatian dinar was devalued. We recorded the following exchange rates (buying/selling rate): 15 April 1992: DEM 100 = HRD 6,679.9000 / 6,720.1000 18 April 1992: DEM 100 = HRD 9,371.8000 / 9,428.2000 On the basis of the above-mentioned rates, the Croatian dinar depreciated by 28.7%.