How many pesetas are 1 Euro - Convert Peseta to Euro
The shock with the change from pesetas to euros, was the appearance of the cents, something that did not exist with the peseta, and the impression that with 100 pesetas, you could hardly do anything, and now with 100 euros, you can buy many things.
This change in the value of the currency was a socio-cultural and economic shock within Spain. Something similar happened in Italy, where the conversion to the Italian lira was even more traumatic, becoming 1 euro 1936.27 lire.
We can see a table of conversions from euros to pesetas here:
50 euro cents = 83.34 pesetas.
1 euro = 166.386 pesetas
5 euros = 833.35 pesetas
10 euros = 1,663.86 pesetas
25 euros = 4,166.75 pesetas
50 euros = 8,333.5 pesetas
100 euros = 16,638.6 pesetas
500 euros = 83.335 pesetas
How many Euros are 1 Peseta - Convert Euro to Peseta
It is difficult to say the exact value of 1 peseta in euros, since the smallest measure of euro is 1 cent, and 1 peseta is worth less than one euro. We can make the approximation of 1 peseta 0.01 € 0.01, but it is an inaccurate value.
It is easier to evaluate the exchange rate by saying that 100 pesetas = 0.6 euros, or that 1,000 pesetas is 6 euros.
The fact that the difference in value is so great: 1 - 166, implies that the depreciation of the peseta is evident, and that the change of currency concept was not easy in Spain.
We can see a table of conversions from pesetas to euros here:
25 pesetas = 0.15 €.
100 pesetas = 0.6 €.
500 pesetas = 3 €.
1.000 pesetas = 6 €.
2,000 pesetas = 12 euros
The conversion from euros to pesetas
The peseta ceased to be current on February 28, 2002. It was a complicated change, where it created a great inflation due to the mismatch of the exchange rate from pesetas to euros, which played with the picaresque, and made a simple coffee go from being worth 100 pesetas, to being worth 1 euro, which means that, with the conversion of 1 euro is equal to 166.38 pesetas, it created an inflation and a price increase of 66%!
These were complicated times, and many people, for many years, continued to measure the cost of things in their reference currency, which was none other than the peseta. And so, thousands of calculators came out that converted pesetas to euros and vice versa. Both online converters and machines that made the change. Gradually, over the years, Spaniards got used to evaluate the price of products and services in euros, so that the conversion from euros to pesetas was losing strength and value. But still, today, there are people who still look and need that change, and therefore, we present our currency converter, from euro to peseta and from peseta to euro.
Change from pesetas to euros
The date for exchanging peseta banknotes and coins to euros has been extended until June 30, 2021. The exchange can be carried out at any of the fifteen branches of the Banco de España throughout Spain or at its headquarters in Madrid.
The exchange value is 1 euro = 166.386 pesetas. Aspects such as the age or condition of the peseta banknotes and coins will not be taken into consideration. This exchange rate was stipulated when 12 of the countries that formed the EU (European Union), formed the creation of the euro, and created a conversion value for each of the currencies that made up the European framework, ie, the German Mark, the French Franc, the Italian Lira, etc..
Only the British Pound Sterling of the United Kingdom came out of the European plan to create a single strong currency, which surely made the value of the Euro with respect to other currencies, such as the dollar, not so strong.
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