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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.
The real exchange rate is a more informative measure of the dollar's worth since it accounts for countries whose currencies experience differing rates of inflation from that of the United States. This is compensated for by adjusting the exchange rates in the formula using the consumer price index of the respective countries.
Euro Zone inflation. The euro came into existence on 1 January 1999, although it had been a goal of the European Union (EU) and its predecessors since the 1960s. After tough negotiations, the Maastricht Treaty entered into force in 1993 with the goal of creating an economic and monetary union (EMU) by 1999 for all EU states except the UK and Denmark (even though Denmark has a fixed exchange ...
The act standardized a new currency, the New Zealand dollar, divided into 100 cents. Its value was based on that of the prior coinage, with one shilling being equal to the new value of ten cents. Eight denominations of coin were defined, ranging from one dollar to one half cent. [18] Upon taking effect on 10 July 1967, the act abolished the pound.
The notes were denominated in pounds and shillings, and valued at par with sterling. Prior to February 1961, the South African pound, which was then equal in value to sterling, was also accepted on the island, but that ceased with the introduction of the new decimal South African rand, with one rand being worth only 10 shillings sterling.
Sterling silver (92.5% silver, 7.5% copper) Portrait of King Edward VII. Designed by George W. De Saulles. At centre, 1908 Australian coat of arms. Motto in the ribbon "ADVANCE AUSTRALIA", "ONE SHILLING" above and date under the crest below. Designed by W. H. Blackmore. 1910 1910 Portrait of King George V. Designed by Sir E. B. Mackennal. 1911
More critically, according to Gail Makinen, the British would radically reform the tax assessment and increase the price at which aid goods were sold, and maintain the devalued drachma exchange rate against both the pound sterling and US dollar. [33] Inflation would stabilise for the rest of 1946.