How do I convert an amount of money in a previous century into today’s equivalent?

If the amount of money is in sterling, to find the ‘purchasing power’ (the equivalent amount of money today, taking into account inflation) for this amount, go to the Economic History website <https://eh.net/howmuchisthat/> [accessed 24 April 2024].

If the amount of money is in pounds Scots you must first of all convert the amount to pounds sterling. For the approximate exchange rates at different times, see the FAQ ‘How can I convert the pound Scots to its sterling equivalent?’ Answer: the important point to grasp is that this is not a decimal currency. 12d = 1 shilling: 20 shillings = 1 pound.