What was the markka to euro conversion rate?
How to turn old markka amounts into euros.
Short answer
One euro equals 5.94573 Finnish markka. The European Central Bank lists this irrevocably fixed rate. To turn a markka amount into euros, divide it by 5.94573. For example, 100 markka is about 16.82 euros.
Why
- The ECB publishes the fixed rate of 5.94573 markka for one euro.
- The rate was fixed when Finland joined the euro and has not changed since.
- The Bank of Finland used the same rate when it exchanged markka notes until 2012.
Details
A rough rule is that 6 markka make one euro. For exact figures, use the full rate with five decimals.
Tip
When comparing prices over decades, remember inflation too. A plain conversion does not show what the money was worth.
What may differ
Statistics Finland offers tools that also take inflation into account. The figures above are the plain conversion.
Common misconception
The markka rate to the euro moved with the markets.
What actually happens
The rate is fixed at 5.94573 and never changes.
People also ask
- Can you still exchange Finnish markka?
- What currency does Finland use?
- What is on Finnish euro coins?
Sources
This answer is for reference only. Payment rules and fees change, so check the official sources or your bank before you pay.
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