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In 1981, Malaysia decided to standardise the time across its territories to a uniform UTC+08:00. Singapore elected to follow suit, citing business and travel schedules. [14] [15] The change took effect on New Year's Day (1 January) 1982 when Singapore moved half an hour forward on New Year's Eve (31 December) 1981 at 11:30 pm creating "Singapore Standard Time" (SST) or "Singapore Time" (SGT). [16]
Data from 1971 to 1991–92 are based on official exchange rates. Data from 1992 to 1993 onward are based on FEDAI (Foreign Exchange Dealers' Association of India) indicative rates. Data from 1971 to 1972–73 for the Deutsche Mark and the Japanese Yen are cross rates with the US Dollar. The Euro replaced the Deutsche Mark w.e.f. January 1, 1999.
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The real exchange rate (RER) is the purchasing power of a currency relative to another at current exchange rates and prices. It is the ratio of the number of units of a given country's currency necessary to buy a market basket of goods in the other country, after acquiring the other country's currency in the foreign exchange market, to the ...
Pakistan has experimented with Daylight Saving Time (DST) a number of times since 2002, shifting local time from UTC+05:00 to UTC+06:00 during various summer periods. Daylight saving time in Pakistan has not been observed since 2009.
Pakistan XI: Abdullah Shafique, Imam-ul-Haq, Babar Azam, Mohammad Rizwan, Saud Shakeel, Iftikhar Ahmed, Shadab Khan, Mohammad Nawaz, Hasan Ali, Shaheen Shah Afridi, Haris Rauf. Odds. India 5/12 ...
In terms of time usage, both the 24-hour clock and 12-hour clock are widely used in the country. The 12-hour notation is widely used in daily life, written communication, and is used in spoken language.
India uses only one time zone (even though it spans two geographical time zones) across the whole nation and all its territories, called Indian Standard Time (IST), which equates to UTC+05:30, i.e. five and a half hours ahead of Coordinated Universal Time (UTC). India does not currently observe daylight saving time (DST or summer time).