Deutschmark

DEFINITION of 'Deutschmark'

The official currency of Germany until Germany's adoption of the euro in 1999. The deutschmark replaced the Reichsmark in 1948, following the second World War. It was the currency of West Germany until reunification.




BREAKING DOWN 'Deutschmark'

Deutschmark coins and bank notes were left in circulation from 1999 until 2002, at which time they were taken out of circulation and ceased to be legal tender. The German central bank, the Deutsche Bundesbank, continues to allow the conversion of the deutschmark into euros.


The deutschmark was long-considered one of the most stable currencies, especially compared to the currencies of other European countries.

RELATED TERMS
  1. Currency In Circulation

    Currency that is physically used to conduct transactions between ...
  2. EUR

    The currency code used in the general industry to represent the ...
  3. D-Mark

    The official currency of Germany until it adopted the euro in ...
  4. Conversion Rate

    The ratio at which one currency can be exchanged for another. ...
  5. Monetary Base

    The total amount of a currency that is either circulated in the ...
  6. European Central Bank - ECB

    The central bank responsible for the monetary system of the European ...
Related Articles
  1. Economics

    Is The EU Holding Germany Back?

    As Germany agrees to initiate bailout talks with Greece once again, could all of the EU's economic turmoil result in Germany being better off alone?
  2. Fundamental Analysis

    The German Economic Miracle

    After World War II, Germany was in ruins. Learn about the country's quick rise to the third strongest economy in the world.
  3. Investing

    Germany Is On The Rebound -- Time To Buy?

    Based on this year's 17% spike in the Stoxx Europe 600 Index, it seems investors have found a home in European stocks. They're especially enthused about the German market, which is currently ...
  4. Economics

    Why Germany Is The Economic Powerhouse Of The Eurozone

    There's little denying that Germany is the boss of the eurozone. Discover what sets it apart from the rest of Europe.
  5. Stock Analysis

    Germany Could Be A Value Play In 2012

    Analysts predict that Germany's exports and internal consumption will allow the nation to sustain economic growth and escape recession in 2012.
  6. Stock Analysis

    Bets For A Strong Germany

    As one of the top exporters of capital and industrial goods, Germany should be on investors' radars. Here's how to play it.
  7. Forex Education

    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.
  8. Investing

    Bye "Bin Laden" Bill: ECB to Stop Printing €500 Bills

    The ECB announced Wednesday that around the end of 2018 it will no longer issue €500 bills. The bank cited use by criminals, but there's another reason.
  9. Forex Education

    One World, One Currency: Could It Work?

    This idea has been debated for decades, but could it really work? Which countries would benefit? What are the downfalls? How would supply and printing factor in?
  10. Forex Education

    5 Failed Currencies And Why They Crashed

    In light of speculation that the euro is in trouble, we look at currencies that were once widely used but are now defunct.
RELATED FAQS
  1. Is Germany a developed country?

    Find out how Germany fares in terms of economic strength and its standard of living, and understand why it is considered ... Read Answer >>
  2. What are the proven ways to ease the effects of hyperinflation?

    Learn about easing hyperinflation. Common methods are immediately reducing the supply of money, or pegging the value of money ... Read Answer >>
  3. Is there a world currency? If so, what is it?

    There is no such thing as a world currency. However, since World War II, the dominant or reserve currency of the world has ... Read Answer >>
  4. What developed countries have the greatest exposure to the automotive sector?

    Learn about the developed countries that have the greatest exposure to the automotive sector, Germany and Japan, which have ... Read Answer >>
  5. What are some historic examples of hyperinflation?

    Learn how skyrocketing prices can result in an economy spiraling into hyperinflation, as happened in Germany, Zimbabwe and ... Read Answer >>
  6. Why doesn't England use the euro?

    Understand why the United Kingdom has opted to not join the eurozone in adopting the euro over the pound sterling as its ... Read Answer >>
Hot Definitions
  1. Goldilocks Economy

    An economy that is not so hot that it causes inflation, and not so cold that it causes a recession. This term is used to ...
  2. White Squire

    Very similar to a "white knight", but instead of purchasing a majority interest, the squire purchases a lesser interest in ...
  3. MACD Technical Indicator

    Moving Average Convergence Divergence (or MACD) is a trend-following momentum indicator that shows the relationship between ...
  4. Over-The-Counter - OTC

    Over-The-Counter (or OTC) is a security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, ...
  5. Quarter - Q1, Q2, Q3, Q4

    A three-month period on a financial calendar that acts as a basis for the reporting of earnings and the paying of dividends.
  6. Weighted Average Cost Of Capital - WACC

    Weighted average cost of capital (WACC) is a calculation of a firm's cost of capital in which each category of capital is ...
Trading Center