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In 1915, the earliest data I can find for currency exchange purposes starts on 13 January 1915, £1 was equal to $4.70. Based on that rate, a Sgt-Major was paid $2.12 per day, a Flt Sgt $1.65, a Sergeant $1.41, a Corporal $1.18, an Air Mechanic 1st Class $0.94 and an Air Mechanic 2nd Class $0.47.
Flying pay a qualified first-class pilot would have been $0.94 per day and $0.47 per day to a qualified second-class pilot.
As far as I can see, the rate stayed pretty much the same throughout WW1, probably because Britain used the Gold Standard, so rates would be based on gold being bought over here and shipped to the USA for sale.
One site I have come across suggests that the value of £1 in 1915 would be £71.87 today.
Graeme
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