Note 52 — Chapter VI · FERDINAND AND ISABELLA

[It is difficult to reduce these sums to modern values, for the maravedi has been coined in gold, silver, and the copper alloy or vellon, and its value has fluctuated bewilderingly from a farthing or quarter of a cent upwards. Assuming that at this time it was equal to about ½d or 1 cent, Enriquez lost £480 or $2,400; Alva £1,150 or $5,750; Albuquerque £2,800 or $14,000 annually. It is customary to multiply such sums by 7 to get the modern purchasing equivalent.]