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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.
There was a further decline during the remainder of 2008, most dramatically on 29 December when its euro rate hit an all-time low at €1.0219, while its US dollar rate depreciated. [ 120 ] [ 121 ] Sterling appreciated in early 2009, reaching a peak against the euro of £1 to €1.17 in mid-July.
The Indian rupee plummeted to a historic low on Thursday, driven by strong dollar demand from local importers and likely capital outflows. What Happened: The rupee sank to an all-time low of ₹83 ...
Sometimes known as "a dollar" – from the 1940s when the exchange rate was four USD to the GBP. Originally in gold until 1662 and in silver from 1551. Quarter guinea: 5/3: £0.2625: 1718, 1762. Five shillings and eightpence: 5/8: £0.284: 1644-1645
See Interest Rates Over the Last 100 Years. Find out how history affects today's rates and what it means for you.
In 1966, the Indian rupee was devaluated by 57% against United States dollar, which also led to the depreciation of the sterling. [96] Five years later, when the Bretton Woods system was suspended, India initially announced that it will maintain a fixed rate of $1 to INR 7.50 and leave the sterling under a floating regime. [97]
In the period between 2000 and 2007, the Rupee stopped declining and stabilised ranging between 1$ = ₹44– ₹48. In late 2007, the Indian Rupee reached a record high of 39 Indian national rupee per United States dollars, on account of sustained foreign investment flows into the country.
The £ grapheme in a selection of fonts The pound sign (£) is the symbol for the pound unit of sterling – the currency of the United Kingdom and its associated Crown Dependencies and British Overseas Territories and previously of Great Britain and of the Kingdom of England.