Computing 'Real Value' Over Time With a Conversion Between U.K. Pounds and U.S. Dollars, 1830 to Present

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When using the CPI/RPI, the (average) value in 2007 of $1 from 1957 is £5.22. The range of values is from £3.68 to £6.46. This answer is better if the subject is a consumer good or something else of interest to an individual.

When using the GDP deflator, the (average) value in 2007 of $1 from 1957 is £4.83. The range of values is from £2.99 to £6.55. This answer is better if the subject is a capital investment or government expenditure


Value in 2007 of $1 from 1957
Converted inConverted usingAverage dollar price
per pound that year
CPI / RPIGDP Deflator
1957£6.21£6.40$2.79
1958£6.16£6.26$2.81
1959£6.18£6.25$2.81
1960£6.22£6.26$2.81
1961£6.08£6.15$2.80
1962£5.89£6.01$2.81
1963£5.86£6.00$2.80
1964£5.77£5.89$2.79
1965£5.59£5.67$2.80
1966£5.54£5.59$2.79
1967£5.65£5.69$2.75
1968£6.46£6.55$2.39
1969£6.46£6.52$2.39
1970£6.42£6.37$2.40
1971£6.00£6.00$2.44
1972£5.65£5.66$2.50
1973£5.61£5.66$2.45
1974£5.62£5.63$2.34
1975£5.20£5.11$2.22
1976£5.81£5.77$1.80
1977£5.52£5.58$1.75
1978£4.99£4.87$1.92
1979£4.43£4.16$2.12
1980£3.89£3.47$2.33
1981£4.41£3.91$2.02
1982£4.99£4.47$1.75
1983£5.67£5.08$1.52
1984£6.40£5.72$1.34
1985£6.44£5.74$1.30
1986£5.60£5.01$1.47
1987£4.99£4.38$1.64
1988£4.56£3.93$1.78
1989£4.82£4.13$1.64
1990£4.26£3.65$1.78
1991£4.24£3.59$1.77
1992£4.21£3.54$1.77
1993£5.02£4.14$1.50
1994£4.93£4.08$1.53
1995£4.75£3.93$1.58
1996£4.83£3.91$1.56
1997£4.57£3.69$1.64
1998£4.43£3.61$1.66
1999£4.57£3.68$1.62
2000£4.90£3.96$1.52
2001£5.21£4.17$1.44
2002£4.99£3.94$1.50
2003£4.56£3.59$1.64
2004£4.05£3.21$1.83
2005£4.10£3.28$1.82
2006£4.06£3.26$1.84
2007£3.68£2.99$2.00
Average£5.22£4.83 

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Citation

Lawrence H. Officer and Samuel H. Williamson, "Computing 'Real Value' Over Time With a Conversion Between U.K. Pounds and U.S. Dollars, 1830 to Present", MeasuringWorth, URL http://www.measuringworth.com/exchange/

Please read our Note on Data Revisions.

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