How to Convert Irish Pounds to Dollars

The euro is second only to the dollar in worldwide use.

The Irish Pound (IEP/IR£) is obsolete. It was replaced with the euro (€) on January 1, 1999. At that time, the IEP became a subdivision of the euro. The IEP was also known as the quid. The IEP exchange rate on its last day of circulation, December 31, 1998, was € 1 = IR£ 0.787564. So, in order to convert Irish Pounds to United States dollars ($), they must first be converted to euros.

Things You'll Need

• Calculator

Instructions

Converting Irish Pounds to Dollars

1. As stated above, € 1 = IR£ 0.787564. In order to convert, simply multiply the number of IEPs by .787564, in order to get the total in euros. So, for example, IR£ 25 = € 19.6891.

2. Now, the euros can be converted to dollars. The current exchange rate, as of October 1, 2010, is € 1 = $1.3746. Euros are then converted to dollars by multiplying the number of euros by the current exchange value for the dollar (1.3746). So, using our example, IR£ 25 = € 19.6891, and € 19.6891 = $27.06463686.

3. So, by converting IEPs to euros, they can then be converted to dollars. Remember the formula:

   number of IEPs x .787564 = number of euros. Then, number of euros x current exchange value for the dollar = amount in dollars. So, again using our example from above, IR£ 25 = $27.06463686.

Tips & Warnings

• Remember the exchange value for the dollar can change on a daily basis, so be sure to use the CURRENT exchange rate.

References

• Irish Statute Book
• Current Dollar Exchange Value