Exchanging DEM for euro

The exchange from DEM to Euro is possible indefinitely and free of charge at the branches of Deutsche Bundesbank and by mail via the Mainz branch.

We accept the following banknotes and coins for exchange:

  • banknotes issued by the Bank deutscher Länder (BdL)
  • banknotes issued by the Bundesbank
  • Federal coins denominated in Deutsche Mark or Pfennig

The official exchange rate is €1 = DEM 1.95583.

Important notes on exchange

We no longer accept the following banknotes and coins for exchange:

  • DEM 2 coin, first issue (minting date 1951)
  • banknotes and coins issued prior to 20 June 1948
  • 50 Mark BdL note II (green), issued in 1948 (this banknote may be submitted together with an application for reimbursement to the Bundesbank’s National Analysis Centre at the Regional Office in Mainz or to any other Bundesbank branch)

In certain cases, foreign banknotes and coins may still be exchanged in their country of origin (see “Foreign exchange”).

Exchange by post

It is also possible to exchange Deutsche Mark banknotes and coins by sending them to the Mainz branch by post. Please send the cash you wish to exchange with a completed copy of the application form “Exchange DEM-EUR” (see below) to the address given on the application form.

The amount of Deutsche Mark cash determined by the Bundesbank will be converted into euro at the aforementioned exchange rate and this euro amount will be transferred to the bank account indicated in the application form without any further information. Please make sure to provide your IBAN correctly.

We ask for your understanding request that you refrain from enquiring about the status of processing. The Bundesbank does not confirm receipt of individual consignments unless the delivery method expressly requires this.

Please note:

  • If you wish to send us Deutsche Mark cash with an equivalent value of €15,000.00 (~ DEM 29,337.45) or more, please contact us in advance by telephone or email. We will then let you know what information and documentation we require to process your application.
  • The Bundesbank accepts no liability for cash lost in the post. Please ask your delivery service provider whether and how cash (especially coins) can be sent and how to correctly pack, declare and, if necessary, insure your cash.
  • The Bundesbank exchanges only Deutsche Mark banknotes and coins for euro here. Therefore, please make sure your consignment does not include any other banknotes or coins (for instance, euro commemorative coins from other participating Member States that are legal tender only in their respective country of issuance, as well as test coins (“specimens”) from the Bundesbank, cannot be exchanged for euro).

Please do not hesitate to contact us if you have any further questions.