diff --git a/apps/monitor/calc.py b/apps/monitor/calc.py
index f119568..0f15243 100644
--- a/apps/monitor/calc.py
+++ b/apps/monitor/calc.py
@@ -149,11 +149,54 @@ class Calc:
           amount_available_to_sell = 0
         out["bought_tax_free"] = None
         out["value_tax_free"] = None
+        out["avg_price_tax_free"] = None
         if rateEUR:
           out["bought_tax_free"] = amount_available_to_sell
           out["value_tax_free"] = amount_available_to_sell * rateEUR.rate
           total_tax_free += out["value_tax_free"]
 
+
+    # A: 4 gekauft zum Preis von 5
+    # B: 3 verkauft
+    # C: 2 gekauft zum Preis von 7
+    # D: 2 verkauft
+    # E: 5 gekauft zum Preis von 10.
+    # Durchschnitts-Einkaufspreis: (1*7 + 5*10) / (1+5) = 9.5
+    with connection.cursor() as cursor:
+        tx = []
+        sql = """SELECT crypto_amount, crypto_fee, exchange_rate, transaction_type, date_valid FROM `transaction` WHERE crypto_currency=%s and owner_id=%s and (date_valid<=%s OR transaction_type <> 'B') ORDER BY date_valid ASC"""
+        date_valid = timezone.make_aware(datetime.datetime.now() - datetime.timedelta(days=365), timezone=timezone.get_current_timezone())
+        cursor.execute(sql, [crypto, userid, date_valid])
+        records = cursor.fetchall()
+        for row in records:
+            if row[3] == 'B':
+                amount = row[0]
+                if row[1] is not None:
+                    amount -= row[1]
+                tx.append([amount, row[2], row[3], row[4]])
+            elif row[3] in ('S','T'):
+                sold = 0
+                if row[0] is not None:
+                    sold += row[0]
+                if row[1] is not None:
+                    sold += row[1]
+                for b in tx:
+                    if b[0] > 0 and sold > 0:
+                        print("  ", b)
+                        if sold <= b[0]:
+                          b[0] -= sold
+                          sold = 0
+                        if sold > b[0]:
+                          sold -= b[0]
+                          b[0] = 0
+        total_fiat = 0
+        total_crypto = 0
+        for b in tx:
+            total_crypto += b[0]
+            total_fiat += b[0]*b[1]
+        if total_fiat != 0:
+            out["avg_price_tax_free"] = round(total_fiat / total_crypto, 2)
+
     return (total_investment, current_value, total_tax_free, rateEUR.rate, rateUSD.rate, last_updated, out)
 
   def GetWalletGraphs(self, userid):
diff --git a/apps/monitor/templates/monitor.html b/apps/monitor/templates/monitor.html
index d8d0e7b..a5d2add 100644
--- a/apps/monitor/templates/monitor.html
+++ b/apps/monitor/templates/monitor.html
@@ -73,7 +73,7 @@
               We have bought within the last 12 months:  {{ c.bought_recently|monitorformatcurrency }} {{ c.crypto }}<br/>
               {% endif %}
               {% if c.bought_tax_free %}
-              We can sell without paying taxes: {{ c.bought_tax_free|monitorformatcurrency }} {{ c.crypto }} for {{ c.value_tax_free|floatformat:2 }} EUR<br/>
+              We can sell without paying taxes: {{ c.bought_tax_free|monitorformatcurrency }} {{ c.crypto }} for {{ c.value_tax_free|floatformat:2 }} EUR (bought at average price: {{ c.avg_price_tax_free }} EUR)<br/>
               {% endif %}
 
               <br/><a href="/transactions/show?crypto={{ c.crypto }}">My transactions</a><br/>