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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.
In 1701, the relationship between the Irish pound and sterling was fixed at £13 Irish to £12 sterling [citation needed] (The Pound Scots had yet another value; it was absorbed into sterling in 1707 at a ratio of 12 to 1.) This relationship made it possible for Irish copper coins to circulate with English silver coins, since thirteen Irish ...
1981-2018: "Table 139 : Exchange Rate of the Indian Rupee vis-à-vis the Sdr, US Dollar, Pound Sterling, D.m./Euro and Japanese Yen (Calendar Year - Annual Average)". Handbook of Statistics on Indian Economy (2019). Reserve Bank of India. 2019-09-15. Archived from the original on 2019-11-10
The United Kingdom's currency, sterling, is rated fourth on Investopedia's list of the top 8 most tradable currencies, and that it is a "little bit more volatile than the euro". [5]
The Irish Pound was held at exactly the same value as Sterling for this period, although it was not accepted for payments in the UK. Yen Bloc (between 1905 and 1945), between the Empire of Japan, the Korean Empire, Manchukuo, Mengjiang, the Wang Jingwei regime, and Japanese-occupied Southeast Asia prior to and during World War II.
In accordance with the Treaty of Union, the currency of Great Britain was sterling, with the pound Scots soon being replaced by sterling at the pegged value. In 1801, Great Britain and the Kingdom of Ireland were united to form the United Kingdom of Great Britain and Ireland. However, the Irish pound was not replaced by sterling until January ...
The English word "pound" derives from the Latin expression lībra pondō, in which lībra is a noun meaning 'pound' and pondō is an adverb meaning 'by weight'. [ 1 ] [ 2 ] The currency's symbol is ' £ ' , a stylised form of the blackletter 'L' ( L {\displaystyle {\mathfrak {L}}} ) (from libra ), crossed to indicate abbreviation.
The first major impact on the rupee's exchange rate after independence was the devaluation of the pound sterling against the US dollar in 1949, which impacted currencies that maintained a peg to the sterling, which included the Indian rupee. [95]