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At the time of independence (in 1947), India's currency was pegged to pound sterling, and the exchange rate was a shilling and six pence for a rupee — which worked out to ₹13.33 to the pound. [23] The dollar-pound exchange rate then was $4.03 to the pound, which in effect gave a rupee-dollar rate in 1947 of around ₹3.30.
This is a list of tables showing the historical timeline of the exchange rate for the Indian rupee (INR) against the special drawing rights unit (SDR), United States dollar (USD), pound sterling (GBP), Deutsche mark (DM), euro (EUR) and Japanese yen (JPY). The rupee was worth one shilling and sixpence in sterling in 1947.
When Australia was part of the fixed-exchange sterling area, the exchange rate of the Australian dollar was fixed to the pound sterling at a rate of A$1 = 8 U.K. shillings (A$2.50 = UK£1). In 1967, Australia effectively left the sterling area, when the pound sterling was devalued against the US dollar and the Australian dollar did not follow.
2.3 Australian dollar as legal tender. ... 3.3 Singapore dollar as exchange rate anchor. ... 4.5 Indian Rupee as exchange rate anchor.
Brunei, Singapore: Singapore dollar $, S$ SGD Cent: 100 2 Singapore, Brunei: Indian rupee ₹ INR Paisa: 100 2 India, Bhutan: Netherlands Antillean guilder: ƒ, NAƒ, NAf, or f ANG Cent: 100 2 Curaçao, Sint Maarten: Saint Helena pound £ SHP Penny: 100 2 Saint Helena, Ascension Island: Falkland Islands pound £ FKP Penny: 100 2
Value and Port of Singapore: 1 dollar: 24.65 mm: 2.50 mm: 7.62 g: Bi-metallic plating consisting of a brass-plated ring with a nickel-plated centre plug: Reeded: Coat of arms of Singapore, "Singapore" in 4 official languages: Value, The Merlion and a laser mark micro engraving of the Vanda Miss Joaquim: 25 June 2013
Fixed currency (alphabetical order) Anchor currency Rate (anchor / fixed) Abkhazian apsar: Russian ruble: 0.1 Alderney pound (only coins) [1]: Pound sterling: 1 Aruban florin
Knife money – Zhou dynasty; Ant nose coin – Chu (state) Ying Yuan – Chu (state) Sycee – Qin dynasty; Ban Liang – Qin dynasty; Spade money – Zhou dynasty, Xin dynasty; Jiaozi (currency) – Song dynasty; Guanzi (currency) – Song dynasty; Huizi (currency) – Southern Song dynasty; Cash – China; Customs gold unit – China