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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.
Countries are free to choose which type of exchange rate regime they will apply to their currency. The main types of exchange rate regimes are: free-floating, pegged (fixed), or a hybrid. In free-floating regimes, exchange rates are allowed to vary against each other according to the market forces of supply and demand.
Graph based on "ameco" data from the European Commission. The Irish sovereign debt crisis arose not from government over-spending, but from the state guaranteeing the six main Irish-based banks who had financed a property bubble .
The euro remains underweight as a reserve currency in advanced economies while overweight in emerging and developing economies: according to the International Monetary Fund [77] the total of euro held as a reserve in the world at the end of 2008 was equal to $1.1 trillion or €850 billion, with a share of 22% of all currency reserves in ...
Whether you're heading home after the holidays or heading on your first vacation of the new year, the busy holiday travel period continues, and weather may be a factor. For some, snow, rain ...
None of the plaintiffs in the lawsuit is currently on the team. The eligibility of Green and Nickelberry expired after last season. The four others all transferred, many or all of them because ...
French Prime Minister Michel Barnier has been forced to resign just three months into his term, after lawmakers on the left and the right united to support a no-confidence motion and plunge the ...
Officially, the Indian rupee has a market-determined exchange rate. However, the Reserve Bank of India trades actively in the USD/INR currency market to impact effective exchange rates. Thus, the currency regime in place for the Indian rupee with respect to the US dollar is a de facto controlled exchange rate.