Leticia Arroyo Abad

Notes on Peru's basket - 18th century
Feb.2008

Source:
Brown, Kendall W., "Price Movements in 18th Century Peru: Arequipa," in Lyman Johnso
Essays in the Price History of 18th Century Latin America (Albuquerque: UNM Press, 19

Monetary Conversions to silver
Burzio, Humberto (1958), El peso plata hispanoamericano, in Historia, n°3, Bue
Value of Local Currency in Grams of Silver

Grams of silver per £
Silver
Silver
content of content of
South
South
American
American
real
peso
Año
1700
1700
1701
1702
1703
1704
1705
1706
1707
1708
1709
1710
1710
1711
1712
1713
1714
1715
1716
1717
1718
1719
1720
1720
1721
1722
1723
1724
1725
1726

3.195
3.195
3.195
3.195
3.195
3.195
3.195
3.195
3.195
3.195
3.195
3.195
3.195
3.195
3.195
3.195
3.195
3.195
3.195
3.195
3.195
3.195
3.195
3.195
3.195
3.195
3.195

25.56
25.56
25.56
25.56
25.56
25.56
25.56
25.56
25.56
25.56
25.56
25.56
25.56
25.56
25.56
25.56
25.56
25.56
25.56
25.56
25.56
25.56
25.56
25.56
25.56
25.56
25.56

Tipo de
cambio

1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0

mint price

111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4

1730

1740

1750

1760

1770

1727
1728
1729
1730
1731
1732
1733
1734
1735
1736
1737
1738
1739
1740
1741
1742
1743
1744
1745
1746
1747
1748
1749
1750
1751
1752
1753
1754
1755
1756
1757
1758
1759
1760
1761
1762
1763
1764
1765
1766
1767
1768
1769
1770
1771

3.195
3.195
3.114
3.114
3.114
3.114
3.114
3.114
3.114
3.114
3.114
3.114
3.114
3.114
3.114
3.114
3.114
3.114
3.114
3.114
3.114
3.114
3.114
3.114
3.114
3.114
3.114
3.114
3.114
3.114
3.114
3.114
3.114
3.114
3.114
3.114
3.114
3.114
3.114
3.114
3.114
3.114
3.114
3.114
3.114

25.56
25.56
24.91
24.91
24.91
24.91
24.91
24.91
24.91
24.91
24.91
24.91
24.91
24.91
24.91
24.91
24.91
24.91
24.91
24.91
24.91
24.91
24.91
24.91
24.91
24.91
24.91
24.91
24.91
24.91
24.91
24.91
24.91
24.91
24.91
24.91
24.91
24.91
24.91
24.91
24.91
24.91
24.91
24.91
24.91

1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0

111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4

1780

1790

1800

1810

1772
1773
1774
1775
1776
1777
1778
1779
1780
1781
1782
1783
1784
1785
1786
1787
1788
1789
1790
1791
1792
1793
1794
1795
1796
1797
1798
1799
1800
1801
1802
1803
1804
1805
1806
1807
1808
1809
1810
1811
1812
1813
1814
1815
1816

3.054
3.054
3.054
3.054
3.054
3.054
3.054
3.054
3.054
3.054
3.054
3.054
3.054
3.054
3.054
3.031
3.031
3.031
3.031
3.031
3.031
3.031
3.031
3.031
3.031
3.031
3.031
3.031
3.031
3.031
3.031
3.031
3.031
3.031
3.031
3.031
3.031
3.031
3.031
3.031
3.031
3.031
3.031
3.031
3.031

24.43
24.43
24.43
24.43
24.43
24.43
24.43
24.43
24.43
24.43
24.43
24.43
24.43
24.43
24.43
24.25
24.25
24.25
24.25
24.25
24.25
24.25
24.25
24.25
24.25
24.25
24.25
24.25
24.25
24.25
24.25
24.25
24.25
24.25
24.25
24.25
24.25
24.25
24.25
24.25
24.25
24.25
24.25
24.25
24.25

1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9

111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
111.4
104.6

1820

1830

1840

1850

1860

1817
1818
1819
1820
1821
1822
1823
1824
1825
1826
1827
1828
1829
1830
1831
1832
1833
1834
1835
1836
1837
1838
1839
1840
1841
1842
1843
1844
1845
1846
1847
1848
1849
1850
1851
1852
1853
1854
1855
1856
1857
1858
1859
1860
1861

3.031
3.031
3.031
3.031
3.031
3.031
3.031
3.031
3.031
3.031
3.031
3.031
3.031
3.031
3.031
3.031
3.031
3.031
3.031
3.031
3.031
3.031
3.031
3.031
2.968
2.968
2.968
2.968
2.968
2.968
2.968
2.968
2.968
2.718
2.718
2.718
2.718
2.718
2.718
2.718
2.718
2.718
2.718
2.250
2.250

24.25
24.25
24.25
24.25
24.25
24.25
24.25
24.25
24.25
24.25
24.25
24.25
24.25
24.25
24.25
24.25
24.25
24.25
24.25
24.25
24.25
24.25
24.25
24.25
23.75
23.75
23.75
23.75
23.75
23.75
23.75
23.75
23.75
21.75
21.75
21.75
21.75
21.75
21.75
21.75
21.75
21.75
21.75
18
18

0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.7
0.7

104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6

1870

1880

1890

1862
1863
1864
1865
1866
1867
1868
1869
1870
1871
1872
1873
1874
1875
1876
1877
1878
1879
1880
1881
1882
1883
1884
1885
1886
1887
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902
1903
1904
1905
1906

2.250
2.250
2.250
2.250
2.250
2.250
2.250
2.250
2.250
2.250
2.250
2.250
2.250
2.250
2.250
2.250
2.250
2.250
2.250
2.250
2.250
2.250
2.250
2.250
2.250
2.250
2.250
2.250
2.250
2.250
2.250
2.250
2.250
2.250
2.250
2.250

18
18
18
18
18
18
18
18
18
18
18
18
18
18
18
18
18
18
18
18
18
18
18
18
18
18
18
18
18
18
18
18
18
18
18
18

0.7
0.7
0.7
0.7
0.7
0.7
0.7
0.7
0.7
0.7
0.7
0.7
0.7
0.7
0.7
0.7
0.7
0.7
0.7
0.7
0.7
0.7
0.7
0.7
0.7
0.7
0.7
0.7
0.7
0.7
0.7
0.7
0.7
0.7
0.7
0.7

104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6
104.6

1907
1908
1909
1910
1911
1912
1913
1914
1915
1916
1917
1918
1919
1920
1921
1922
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932
1933
1934
1935
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951

1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996

1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010

pa," in Lyman Johnson and Enrique Tandeter (eds.),
erque: UNM Press, 1990), 137-172.

Historia, n°3, Buenos Aires, pp. 9-24.

ams of silver per £

market price

111.3
111.6
111.3
111.1
110.9
110.7
110.5
110.3
110.0
109.8
109.6
109.1
108.6
108.2
107.7
107.2
106.7
106.2
105.7
106.9
105.6
106.8
107.8
108.1
108.7
108.7
107.6

Boloña

Soles/£

Soles/US$

Pesos/£

4.3
4.3
4.3
4.3
4.3
4.3
4.3
4.3
4.2
4.2
4.2
4.2
4.2
4.2
4.2
4.1
4.1
4.1
4.1
4.1
4.1
4.1
4.2
4.2
4.2
4.2
4.2

Tendencia
Pesos/£

4.4
4.4
4.4
4.3
4.3
4.3
4.3
4.3
4.3
4.3
4.3
4.3
4.3
4.2
4.2
4.2
4.2
4.2
4.1
4.2
4.1
4.2
4.2
4.2
4.3
4.3
4.2

108.5
107.0
105.3
106.0
107.2
107.6
107.3
109.8
109.7
108.6
107.9
109.6
105.3
105.3
102.0
111.3
111.3
111.3
112.7
107.9
105.7
107.2
106.9
106.6
106.0
104.5
103.2
104.4
107.2
107.4
107.4
103.4
102.7
103.1
101.0
104.4
104.7
108.5
107.1
103.5
103.3
104.4
102.8
102.1
102.5

4.2
4.1
4.2
4.2
4.2
4.3
4.3
4.3
4.3
4.3
4.3
4.3
4.2
4.2
4.0
4.4
4.4
4.4
4.5
4.3
4.2
4.2
4.2
4.2
4.2
4.1
4.1
4.1
4.2
4.3
4.3
4.1
4.1
4.1
4.0
4.1
4.1
4.3
4.2
4.1
4.1
4.1
4.1
4.0
4.1

4.2
4.2
4.2
4.3
4.3
4.3
4.3
4.4
4.4
4.4
4.3
4.4
4.2
4.2
4.1
4.5
4.5
4.5
4.5
4.3
4.2
4.3
4.3
4.3
4.3
4.2
4.1
4.2
4.3
4.3
4.3
4.2
4.1
4.1
4.1
4.2
4.2
4.4
4.3
4.2
4.1
4.2
4.1
4.1
4.1

103.2
108.2
109.4
107.4
105.7
102.2
105.0
109.6
107.3
101.7
98.7
101.9
108.3
111.3
109.3
108.8
108.2
109.4
109.9
109.6
107.8
111.0
112.6
109.6
108.6
109.3
113.7
105.9
100.5
97.1
102.0
102.7
103.4
98.5
101.0
102.5
101.1
99.7
98.4
97.1
90.0
84.5
91.8
91.0
113.0

4.2
4.4
4.4
4.3
4.3
4.1
4.2
4.4
4.3
4.1
4.0
4.1
4.4
4.5
4.4
4.4
4.4
4.5
4.5
4.5
4.4
4.5
4.6
4.5
4.4
4.4
4.6
4.3
4.1
4.0
4.2
4.2
4.2
4.0
4.1
4.2
4.1
4.1
4.0
4.0
3.7
3.4
3.7
3.7
4.6

4.2
4.4
4.5
4.4
4.3
4.2
4.3
4.5
4.4
4.2
4.0
4.2
4.4
4.6
4.5
4.5
4.5
4.5
4.5
4.5
4.4
4.6
4.6
4.5
4.5
4.5
4.7
4.4
4.1
4.0
4.2
4.2
4.3
4.1
4.2
4.2
4.2
4.1
4.1
4.0
3.7
3.5
3.8
3.8
4.7

110.4
106.8
108.0
114.3
117.0
116.5
117.0
114.6
113.4
116.1
115.5
115.2
117.9
116.3
115.3
120.8
116.7
115.2
115.7
115.1
115.9
116.1
114.3
114.9
114.9
116.1
116.7
116.1
116.5
116.4
115.7
116.0
115.5
114.9
113.2
114.1
112.3
112.4
112.6
112.6
111.8
112.4
111.3
111.9
113.5

4.5
4.3
4.4
4.6
4.8
4.7
4.8
4.7
4.6
4.7
4.7
4.7
4.8
4.7
4.7
4.9
4.7
4.7
4.7
4.7
4.7
4.7
4.7
4.7
4.8
4.8
4.8
4.8
4.8
4.8
4.8
4.8
4.8
5.2
5.1
5.2
5.1
5.1
5.1
5.1
5.1
5.1
5.0
6.1
6.2

4.6
4.4
4.5
4.7
4.8
4.8
4.8
4.7
4.7
4.8
4.8
4.8
4.9
4.8
4.8
5.0
4.8
4.8
4.8
4.7
4.8
4.8
4.7
4.7
4.8
4.9
4.9
4.9
4.9
4.9
4.9
4.9
4.9
5.3
5.2
5.2
5.2
5.2
5.2
5.2
5.1
5.2
5.1
6.2
6.3

112.4
112.5
111.6
113.1
113.0
114.0
114.1
114.3
114.0
114.1
114.5
116.5
118.4
121.4
130.9
126.0
131.4
134.8
132.2
133.6
133.8
136.5
136.4
142.0
152.1
154.8
161.1
161.7
145.5
153.2
173.4
193.9
238.6
231.1
224.6
250.6

5.0
5.0
5.1
5.5
5.6
5.7
5.7
5.6
5.8
6.0
5.9
5.9
6.0
6.1
6.2
6.5
6.8
6.7
6.8
7.2
6.4
6.7
7.7
9.1
10.1
10.0
10.3
10.6
9.1
10.0
9.8
9.9
9.9
9.8
9.9
9.9
9.9

1.3
1.4
1.4
1.4
1.5
1.3
1.4
1.6
1.9
2.1
2.0
2.1
2.2
1.9
2.1
2.1
2.1
2.1
2.1
2.0
2.1
2.0

6.2
6.2
6.1
6.2
6.2
6.3
6.3
6.3
6.3
6.3
6.3
6.8
7.0
7.1
7.1
7.0
7.3
7.5
7.4
7.4
7.5
7.6
7.7
8.1
8.5
8.3
8.5
8.9
8.0
8.3
9.6
11.4
12.6
12.5
12.9
13.2

6.2
6.3
6.2
6.3
6.3
6.3
6.3
6.3
6.3
6.3
6.4
6.5
6.6
6.7
7.3
7.0
7.3
7.5
7.3
7.4
7.4
7.6
7.6
7.9
8.5
8.6
8.9
9.0
8.1
8.5
9.6
10.8
13.3
12.8
12.5
13.9

9.9
10.0
10.1
9.9
9.9
10.0
10.1
10.4
10.9
10.1
9.3
8.8
8.8
8.3
8.8
11.6
11.1
10.9
12.4
14.1
14.2
12.7
12.0
13.8
16.1
16.3
21.9
21.8
20.5
19.9
19.5
21.8
24.1
23.4
26.1
26.1
26.1
26.1
26.1
26.2
26.2
26.2
22.2
41.9
38.0

2.1
2.1
2.1
2.1
2.1
2.1
2.1
2.2
2.4
2.2
2.0
1.9
2.1
2.2
2.8
2.6
2.4
2.5
2.5
2.7
2.7
2.5
2.5
2.8
3.6
4.7
5.3
4.3
4.2
4.0
4.0
4.5
5.5
6.2
6.5
6.5
6.5
6.5
6.5
6.5
6.5
6.5
6.5
15.0
15.3

41.4
45.9
54.3
52.8
53.1
52.9
65.6
77.4
73.8
75.3
75.2
75.0
74.8
75.2
74.8
74.3
103.4
104.6
103.9
106.0
108.5
106.4
101.5
97.6
103.7
146.3
297.5

15.6
19.9
19.0
19.0
19.0
19.0
24.5
27.7
26.8
26.8
26.8
26.8
26.8
26.8
26.8
38.7
38.7
38.7
38.7
38.7
38.7
38.7
38.7
40.4
55.8
84.1
156.7
229.7
297.6
429.0
711.0
1685.7
3714.4
12.7
17.9
31.8
297.1
4420.8
205344.7
0.8
1.3
2.0
2.2
2.3
2.5

Intis por
US$

Nuevos

2.7
2.9
3.4
3.5
3.5
3.5
3.5
3.4
3.3
3.3
3.1
2.9
3.0
2.8

Nuevos
soles por
US$

Fuente:
Brown, Kendall W.,
"Price Movements in 18th Century Peru: Arequipa," in
Lyman Johnson and Enrique Tandeter (eds.),
Essays in the Price History of 18th Century Latin America
UNM Press, 1990), 137-172.

(Albuquerque:

Burzio, Humberto (1958), El peso plata hispanoamericano, in Historia, n°3,
Buenos Aires, pp. 9-24.

Maria Alejandra Irigoin (2006). Gresham on Horseback: The Monetary Roots of
Spanish American Political Fragmentation in the Nineteenth Century

1567-1729

1729-1772

1772-1786

1787-1840

1841-1849

1850-1859

1860-1897+
8 reales=1 peso

8 reales fueron equivalentes a 25.561 gramos de plata
8.000 reales
=
Err:509
1.000 real
=
Err:509
8 reales fueron equivalentes a 24.908 gramos de plata
8.000 reales
=
Err:509
1.000 real
=
Err:509
8 reales fueron equivalentes a 24.433 gramos de plata
8.000 reales
=
Err:509
1.000 real
=
Err:509
8 reales fueron equivalentes a 24.245 gramos de plata
8.000 reales
=
Err:509
1.000 real
=
Err:509
8 reales fueron equivalentes a 23.745 gramos de plata
8.000 reales
=
Err:509
1.000 real
=
Err:509
8 reales fueron equivalentes a 21.747 gramos de plata
8.000 reales
=
Err:509
1.000 real
=
Err:509
8 reales fueron equivalentes a 18 gramos de plata
8.000 reales
=
Err:509
1.000 real
=
Err:509

8th Century Peru: Arequipa," in

ry Latin America

(Albuquerque:

panoamericano, in Historia, n°3,

Horseback: The Monetary Roots of
the Nineteenth Century

es a 25.561 gramos de plata
gramos de plata
gramos de plata
es a 24.908 gramos de plata
gramos de plata
gramos de plata
es a 24.433 gramos de plata
gramos de plata
gramos de plata
es a 24.245 gramos de plata
gramos de plata
gramos de plata
es a 23.745 gramos de plata
gramos de plata
gramos de plata
es a 21.747 gramos de plata
gramos de plata
gramos de plata
es a 18 gramos de plata
gramos de plata
gramos de plata