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Yep, Deutsche Mark was a very strong currency. That is part of the more sinister motives for Germany to adopt the Euro. In combination with the extension of the low wage sector in the early 2000s (by so-called social democrats) Germany basically funded their export economy by devaluation of their currency.
Which led to basically the debt crisis, where they then told all their neigbhours to also weaken workers rights and sell out all their state owned property.
But as others wrote it was never about travellers but about businesses for the single market in the EU. Especially small businesses could not be bothered to look for supplies in other countries if there's exchange shenanigans. Much easier now to source all across Europe.