Exchange Rate

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Exchange Rate

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The price at which ine country's currency can be exchanged for another country's currency is called the exchanged rate. THe value of the exchange rate, like any other price, is determinded by the interactuin of supply and demand in the foreign exchange market. Exchange rates can be expressed in terms of foreign currency per $U.S. or terms of $U.S. per unit of foreign exchange. One expression is the reciprocal of the other. Exchange rates can be fixed at a predterminded level, or they can be flexible to reflect changes in demand.

Date	INR	Date	INR	Date	INR	Date	INR
2001-07-23	47.17	2001-08-06	47.16	2001-09-04	47.22	2001-10-01	47.93
2001-07-30	47.19	2001-08-13	47.17	2001-09-10	47.38	2001-10-09	48.17
		2001-08-20	47.13	2001-09-17	47.77	2001-10-15	48.07
		2001-08-27	47.19	2001-09-24	48.08	2001-10-22	48.05
						2001-10-29	48.02

Average

47.3584

Lowest(5/9)

46.85

Highest(9/25)

48.91

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India last edited on 2 November 2001 at 10:21 am by libnt37.gatech.edu