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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.
This is a list of circulating fixed exchange rate ... Indian rupee: 1 ... U.S. dollar: 6.91 Bosnia and Herzegovina convertible mark: Euro: 1.95583 Brunei dollar:
3.1 US dollar as exchange rate anchor. 3.2 Euro as exchange rate anchor. ... 4.5 Indian Rupee as exchange rate anchor.
However, by the end of 1971, following the Smithsonian Agreement and the subsequent devaluation of the US dollar, India pegged the rupee with the pound sterling once again at a rate of £1 to INR 18.9677. [98] During this period, India had a non-commercial exchange rate with the Soviet Union.
A widely traded currency pair is the relation of the euro against the US dollar, designated as EUR/USD. The quotation EUR/USD 1.2500 means that one euro is exchanged for 1.2500 US dollars. Here, EUR is the base currency and USD is the quote currency (counter currency). This means that 1 Euro can be exchangeable to 1.25 US Dollars.
Currency distribution of global foreign exchange market turnover [1. Currency ... Euro: EUR € 32.3%: 30.5%: 1.8pp ... 2.1%: 1.7%: 0.4pp Indian rupee: INR ...
India: Indian rupee ₹ INR Paisa: 100 Indonesia: Indonesian rupiah: Rp IDR Sen: 100 Iran: Iranian rial: Rl or Rls (pl.) IRR Rial: 100 Iraq: Iraqi dinar: ID IQD Fils: 1000 Ireland: Euro € EUR Cent: 100 Isle of Man: Manx pound £ (none) Penny: 100 Sterling £ GBP Penny: 100 Israel: Israeli new shekel ₪ ILS Agora: 100 Italy: Euro € EUR Cent ...
For example, in a conversion from EUR to AUD, EUR is the fixed currency, AUD is the variable currency and the exchange rate indicates how many Australian dollars would be paid or received for 1 euro. In some areas of Europe and in the retail market in the United Kingdom , EUR and GBP are reversed so that GBP is quoted as the fixed currency to ...