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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.
At the time of independence (in 1947), India's currency was pegged to pound sterling, and the exchange rate was a shilling and six pence for a rupee — which worked out to ₹13.33 to the pound. [23] The dollar-pound exchange rate then was $4.03 to the pound, which in effect gave a rupee-dollar rate in 1947 of around ₹3.30.
The average rate rose to 35% in 1816. The public agreed, and by 1820, the average rate in the U.S. had risen to 40%. Between 1816 and the end of World War II, the U.S. had one of the highest average import tariffs on manufactured goods in the world.
It differed from the confiscatory nature of the 1947 reform when banknotes were reduced to 1 ⁄ 10 of their value but wages and prices remained the same. [8] Its parity to the US dollar underwent a devaluation, however, from US$1 = 4 old rubles (0.4 new ruble) to US$1 = 0.9 new ruble (or 90 kopecks).
These notes were convertible to US dollars at a rate of 10:1. ... In 1947 Rhineland-Palatinate issued 5₰ and 10₰ notes with Geldschein on them.
After the end of the Second World War, the Hong Kong dollar was re-pegged to sterling at a fixed rate identical to the pre-war level. [6] Nevertheless, its unique geo-economic position afforded Hong Kong the ability to defy exchange controls by operating a dual system with the sterling area and a free exchange market principally with the US ...
The price of gold touched briefly back at $35/ounce (112.53 ¢/g) near the end of 1969 before beginning a steady price increase. This gold price increase turned steep after President Richard Nixon unilaterally ordered the cancellation of the direct convertibility of the United States dollar to gold in 1971, an act later known as the Nixon Shock.
US dollar-Pakistani rupee exchange rate. Between 1948 and July 1955, the Pakistani rupee was effectively pegged to the U.S. dollar at approximately Rs.3/31 per U.S. dollar. Afterwards, this was changed to approximately Rs.4/76 per U.S. dollar, a devaluation of 30%, to match the Indian rupee's value. [29]