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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.
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. [24] [25] The pound was devalued in 1949, changing its parity from 4.03 to 2.80. India was then a part of the sterling area, and the rupee was devalued on the same day by the same percentage so that the new dollar ...
Thus, the currency regime in place for the Indian rupee with respect to the US dollar is a de facto controlled exchange rate. This is sometimes called a "managed float". On 9 May 2022, the Indian Rupee traded at ₹77.41 against the US dollar, hitting an all-time low. [79]
This is a list of circulating fixed exchange rate currencies, ... U.S. dollar: 1 Bhutanese ngultrum: Indian rupee: 1 Bolivian boliviano: U.S. dollar: 6.91
De Facto Classification of Exchange Rate Arrangements, as of April 30, 2021, and Monetary Policy Frameworks [2] Exchange rate arrangement (Number of countries) Exchange rate anchor Monetary aggregate target (25) Inflation Targeting framework (45) Others (43) US Dollar (37) Euro (28) Composite (8) Other (9) No separate legal tender (16) Ecuador ...
That led to more transactions being denominated in the Chinese renminbi or Indian rupee to facilitate trade. Higher U.S. interest rates made matters worse. Traders flocked to the dollar to take ...
Most traded currencies by value ... Australian dollar: AUD $, A$ 6.8%: 6.4%: 0.4pp Canadian dollar: CAD $, Can$ 5.0%: 6.2%: ... Indian rupee: INR ...
India devalued the Indian rupee by 35% in 1966. [25] Mexico devalued the Mexican peso against the United States dollar in 1994 in preparation for the North American Free Trade Agreement, leading to the Mexican peso crisis. On January 11, 1994, France decided to devaluate the CFA Franc in 14 African countries in Central Africa and West Africa. [26]