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Learn what an exchange rate is and how it is determined by different factors, such as supply and demand, government policies, and market conditions. Compare and contrast various exchange rate regimes, such as floating, fixed, and hybrid, and their implications for currency values and trading.
Between 1985 and 1987, the taka was adjusted in frequent incremental steps, stabilising again around 12 percent lower in real terms against the US dollar, but at the same time narrowing the difference between the official rate and the preferential secondary rate from 15 percent to 7.5 percent. [20]
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.
Learn about the global decentralized market for trading currencies, its history, characteristics, and participants. Find out how foreign exchange rates are determined, how they affect international trade and investments, and how they are used for speculation and hedging.
The Pakistani rupee depreciated against the US dollar until around the start of the 21st century, when Pakistan's large current-account surplus pushed the value of the rupee up versus the dollar. Pakistan's central bank then stabilized by lowering interest rates and buying dollars, in order to preserve the country's export competitiveness.
Learn about the economy of India, the fifth largest in the world by nominal GDP and the third largest by PPP GDP. Find out the latest statistics on GDP growth, GDP per capita, GDP by sector, exports, imports, inflation, unemployment, and more.
Learn about the economic development and transformation of India from ancient times to the present, covering trade, agriculture, industry, colonialism, planning and liberalisation. Explore the sources, estimates and trends of India's GDP, population, urbanisation and global integration.
Learn about the origin, evolution and usage of the Indian rupee, the official currency in India and some other countries. See the symbol ₹ and its etymology, history and legal framework.