This was typed out in 1918 by the Supreme Court of Hong Kong, Probate Jurisdiction.
I have looked at inflation calculator websites for historical conversions but I cannot work it out.
Can anyone give me an estimate of how much $104,400.00 back in 1918, is worth today?
Date picture taken
1918
Comments
Estimate of value
I'll have a go...
Page 49 of the Federal Reserve Bulletin for Jan 1920 shows exchange rates from 1918-1919. In July 1918, the rate was USD80.5 to HK$100. So HK$104,400.00 was equivalent to USD84,042. (Though the exchange rate fluctuated a lot that year, so the USD amount could be roughly 10% higher or lower depending on the month you look at.)
https://www.usinflationcalculator.com/ says that USD84,042 in 1918 is equivalent to USD1,727,179 in 2024.
Very much appreciated
Admin - THANK YOU for researching the historical information and then working the amount out for me.
It confirms that my great grandfather died wealthy in 1918.