D-Mark

Filed Under » ,
Dictionary Says

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 Says

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.

Articles Of Interest

  1.

    Exploring Non-Dollar Currencies For Forex Trading

    Learn how investments in foreign currencies can diversify your portfolio.

  2. Currency Exchange: Floating Rate Vs. Fixed Rate

    Baffled by exchange rates? Wonder why some currencies fluctuate while others are pegged? This article has the answers.

  3. What Are Central Banks?

    They print money, they control inflation, and much, much more. All you need to know about central banks is here.

  4. The German ILO: Why It Matters To Traders

    Germany sets the standard and tone for business in Europe, which makes its economic releases a source of great interest to traders.

  5. What is the full phrase for 'GmbH', and what do the words in this acronym mean in English?

    In Germany, there are two types of companies: publicly traded and privately held. The acronym 'GmbH', which is written after the name of the company, designates a company as private in Germany. ...

  6. How Bitcoin Works

    Bitcoin is a digital currency that exists almost wholly in the virtual realm, unlike physical currencies like dollars and euros. A growing number of proponents support its use as an alternative ...

  7. How To Survive When Prices Double Every Day And A Half

    Hyperinflation can destroy your life savings in a matter of months or less. We’ve seen again and again throughout history…Germany in the 1920s, Hungary in the 1940s, Yugoslavia in the 1990s and ...

  8. Top 10 Cities For A Career In Finance

    Moving to one of these financial hot-spot destinations could set your career in motion.

  9. The Yen Is Setting Up To Be An Attractive Long-Term Investment

    As Japan embarks on quantitative easing, the yen has come under pressure. Will it continue to be the source of big profits in the latter half of 2013?

  10. Five ETFs To Cash In On Japan’s Rise

    With the election of Shinzo Abe and birth of “Abenomics”, things are looking up for Japan's exporting dependent nation. For investors, Japan may finally be awaking from its doldrums.
comments powered by Disqus
Marketplace
Hot Definitions

  1. Racketeering

    Racketeering refers to criminal activity that is performed to benefit an organization such as a crime syndicate. Examples of racketeering activity include...

  2. Lawful Money

    Any form of currency issued by the United States Treasury and not the Federal Reserve System, including gold and silver coins, Treasury notes, and Treasury bonds. Lawful money stands in contrast to fiat money, to which the government assigns value although it has no intrinsic value of its own and is not backed by reserves.

  3. Fast Market Rule

    A rule in the United Kingdom that permits market makers to trade outside quoted ranges, when an exchange determines that market movements are so sharp that quotes cannot be kept current.

  4. Absorption Rate

    The rate at which available homes are sold in a specific real estate market during a given time period.

  5. Yellow Sheets

    A United States bulletin that provides updated bid and ask prices as well as other information on over-the-counter (OTC) corporate bonds...

  6. Bailment

    The contractual transfer of possession of assets or property for a specific objective.
Trading Center