Description
Convert a recorded archival price to supplied reference denomination units.
Historical economic records depend on archival wording, accounting signs, local units, assigned values, denominations and date precision. A wage-day ratio is a comparison of supplied amounts rather than actual labor time. Preserving an account-year label or unit factor does not authenticate a historical price, practice or legal obligation.
Convert a recorded archival price to supplied reference denomination units.
When to use this tool
Use Archival Price Denomination Factor when you already have recordedPrice, referenceUnitsPerRecordedUnit and need to convert a recorded archival price to supplied reference denomination units.
How to use the tool and how it works
- Enter recordedPrice, referenceUnitsPerRecordedUnit. Use the units and conventions below.
- Run the tool. Correct any format, range, or cross-field input error before interpreting the output.
- Read referencePrice. Use the output convention below.
Require referenceUnitsPerRecordedUnit>0; multiply recordedPrice by that factor.1
| Input field | Meaning and units | Accepted input |
|---|---|---|
| recordedPrice | Recorded Price | Required. Finite number. |
| referenceUnitsPerRecordedUnit | Reference Units Per Recorded Unit | Required. Finite number; strictly above 0. |
| Output field | Interpretation | Returned shape |
|---|---|---|
| referencePrice | Reference Price | Required. Finite number. |
{
"input": {
"recordedPrice": 12,
"referenceUnitsPerRecordedUnit": 0.5
},
"output": {
"referencePrice": 6
}
}Limitations and assumptions
- Signed prices are retained. No historical exchange rate, monetary reform, real-price adjustment or denomination definition is inferred.
- Inputs must satisfy both the field types and the cross-field conditions above. Invalid input causes an error; a successful false flag or documented placeholder is a different result.
- Numeric calculations use binary floating point unless exact decimal-integer arithmetic is explicitly stated. No hidden measurement tolerance or decimal rounding is added; nonfinite or out-of-contract results are rejected. Numeric signed-zero results are exported as zero.
Alternative or Complementary methods
Consult the original ledger, archive and historical unit or monetary definitions when reconstructing an account. Reconcile period, commodity quality, currency and source corrections before comparing values; local labels and supplied conversions preserve only their declared assumptions.
References
Similar or alternative tools
- Old Price Source Correction Factor
Apply a supplied positive correction factor to a transcribed historical price.
- Archival Price Marketday Date Precision
Preserve a supplied archival market-price date and precision.