D-Mark

AAA

DEFINITION of 'D-Mark'

The official currency of Germany until it adopted the euro in 2002. D-mark is an abbreviation of Deutsche Mark, whose official currency code is DEM. The sub-unit of the D-mark was the pfennig, with each Deutsche mark divided into 100 pfennig.

INVESTOPEDIA EXPLAINS 'D-Mark'

The D-mark was first issued in 1948, replacing the Reichsmark, when the Allies occupied Germany after World War II. With the introduction of the euro, the European Central Bank fixed the irrevocable exchange rate for the D-mark at 1.95583 per euro, effective January 1, 1999.

RELATED TERMS
  1. Deutschmark

    The official currency of Germany until Germany's adoption of ...
  2. Exchange Rate Mechanism - ERM

    An exchange rate mechanism is based on the concept of fixed currency ...
  3. Currency Pairs

    Two currencies with exchange rates that are traded in the retail ...
  4. Currency

    A generally accepted form of money, including coins and paper ...
  5. Quote Currency

    The second currency quoted in a currency pair in forex. In a ...
  6. Bundesbank

    The central bank of Germany. The Bundesbank is the U.S. equivalent ...
Related Articles
  1. Exploring Non-Dollar Currencies For ...
    Options & Futures

    Exploring Non-Dollar Currencies For ...

  2. Currency Exchange: Floating Rate Vs. ...
    Forex Education

    Currency Exchange: Floating Rate Vs. ...

  3. What Are Central Banks?
    Personal Finance

    What Are Central Banks?

  4. The German ILO: Why It Matters To Traders
    Forex Education

    The German ILO: Why It Matters To Traders

comments powered by Disqus
Hot Definitions
  1. Ghosting

    An illegal practice whereby two or more market makers collectively attempt to influence and change the price of a stock. ...
  2. Elasticity

    A measure of a variable's sensitivity to a change in another variable. In economics, elasticity refers the degree to which ...
  3. Tangible Common Equity - TCE

    A measure of a company's capital, which is used to evaluate a financial institution's ability to deal with potential losses. ...
  4. Yield To Maturity (YTM)

    The rate of return anticipated on a bond if held until the maturity date. YTM is considered a long-term bond yield expressed ...
  5. Net Present Value Of Growth Opportunities - NPVGO

    A calculation of the net present value of all future cash flows involved with an additional acquisition, or potential acquisition. ...
  6. Gresham's Law

    A monetary principle stating that "bad money drives out good." In currency valuation, Gresham's Law states that if a new ...
Trading Center