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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.
Euro: EUR € 32.3%: 30.5%: 1.8pp ... Indian rupee: INR ... 200.0% 200.0%; References Most traded currencies. Notes. This page was last edited on 16 January 2025, at ...
In 2015, the SNB shocked markets by abandoning its peg to the euro, which resulted in increased volatility and further interventions, maintaining reserves above $700 billion. During the COVID-19 pandemic, the SNB continued its policy of maintaining low interest rates and intervening in the foreign exchange market, pushing reserves above $1 ...
The euro is used by 350 million people in Europe and additionally, over 200 million people worldwide use currencies pegged to the euro. [8] It is the second-largest reserve currency as well as the second-most traded currency in the world after the United States dollar.
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.
In 2009, India purchased 200 tonnes of gold from the International Monetary Fund, worth US$6.7bn (€4.57bn, £4.10bn). [15] In June 2020, India's foreign exchange reserves crossed the US$500 billion mark for the first time. [16] In June 2021, India's foreign exchange reserves crossed the US$600 billion mark for the first time. [17] [18]
Using a mechanism known as the "snake in the tunnel", the European Exchange Rate Mechanism was an attempt to minimize fluctuations between member state currencies—initially by managing the variance of each against its respective ECU reference rate—with the aim to achieve fixed ratios over time, and so enable the European Single Currency (which became known as the euro) to replace national ...
The Indian rupee was the official currency of Dubai and Qatar until 1959, when India created a new Gulf rupee (also known as the "external rupee") to hinder the smuggling of gold. [16] The Gulf rupee was legal tender until 1966, when India significantly devalued the Indian rupee and a new Qatar-Dubai riyal was established to provide economic ...