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The template supports inflation calculation, by way of {{}}.If the second parameter is used, to specify a year, and this year is within a certain range of available inflation data (specifically, if 1960 ≤ year < 2021), the equivalent value represented in 2021 rupee will be calculated in parentheses.
Most traded currencies by value Currency distribution of global foreign exchange market turnover [1. Currency ... Indian rupee: INR ... Most traded currencies.
De facto exchange-rate arrangements in 2022 as classified by the International Monetary Fund. Floating ( floating and free floating ) Soft pegs ( conventional peg , stabilized arrangement , crawling peg , crawl-like arrangement , pegged exchange rate within horizontal bands )
Colour key and notes Indicates that a given currency is pegged to another currency (details) Italics indicates a state or territory with a low level of international recognition State or territory Currency Symbol [D] or Abbrev. ISO code Fractional unit Number to basic Abkhazia Abkhazian apsar [E] аҧ (none) (none) (none) Russian ruble ₽ RUB Kopeck 100 Afghanistan Afghan afghani ؋ AFN ...
A currency [a] is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. [ 1 ] [ 2 ] A more general definition is that a currency is a system of money in common use within a specific environment over time, especially for people in a nation state. [ 3 ]
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 ...
Decimalisation or decimalization (see spelling differences) is the conversion of a system of currency or of weights and measures to units related by powers of 10.. Most countries have decimalised their currencies, converting them from non-decimal sub-units to a decimal system, with one basic currency unit and sub-units that are valued relative to the basic unit by a power of 10, most commonly ...
The rupee was pegged to British Pound until 1982 when the government of General Zia-ul-Haq changed to a managed float. As a result, the rupee devalued by 38.5% between 1982–83 and 1987–88 and the cost of importing raw materials increased rapidly, causing pressure on Pakistani finances and damaging much of the industrial base.