Exchange Rates - The Ming Dynasty
Year Place Silver/Gold (Unit : Tael) Hong Wu 8th Year (1375 AD) Nationwide 4 : 1 " 18th Year (1385) " 5 : 1 " 19th Year (1386) Wenchow (Chekiang) 6 : 1 " 28th Year (1395) Nationwide 5 : 1 " 30th Year (1397) " 5 : 1 Yong Lo 5th Year (1407) " 5 : 1 " 11th Year (1413) " 7.5: 1 Hsuan Der 1st Year (1426) " 4 : 1 " 6th Year (1431) Wenchow 6 : 1 Zhen Tung 5th Year (1440) Da Tung (Shansi) 1.67: 1 Chen Hua 17th Year (1481) Nationwide 7 : 1 Chen Hua 18th Year (1482) Kueichow 7 : 1 Hong Tze 15th Year (1502) Yunnan 8.8905 : 1 Jia Jing 9th Year (1530) " 6 : 1 Jia Jing 13th Year (1534) " 6.361 : 1 Lung Ching 1st Year (1567) Nationwide 6 : 1 Lung Ching 6th Year (1572) Yunnan 8 : 1 Wan Li 8th Year (1580) " 5-6 : 1 Wan Li Reign (1573-1620) Nationwide 7-8 : 1 The mid of Chong Zhen (1628-1644) " 10-13 : 1 The mid of Chong Zhen (1628-1644) Fujien 13 : 1 Source: Prof. Chuan Han Shen: "The Study of the Chinese Historical Economy" Vol. II. pp 575-576
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