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If every country currency started at the same time with a 1 to 1 exchange rate to others, you could say that since that time, a country with a more expensive currency has had a stronger economy, more or less.
However, this is not the case. Exchange rates are fixed at various times in history and they can change at any moment if the government decides to do it.
For instance, for those two currencies, here are the exchange rates to the US dollar over some years:
"Currency Code 2000 1990 1980 1970 1960 1950
Indian Rupee INR 44.942 17.505 7.8629 7.5 4.7619 4.7619
Japanese Yen JPY 107.76 144.79 226.74 360 360 361.1 "
Source:
http://en.wikipedia.org/wiki/List_of_historical_exchange_rates
This gives following value of the Indian rupie in yen over the years:
2000 1990 1980 1970 1960 1950
2.40 8.27 28.84 48.00 75.60 75.83
So if one Indian rupie is 2.40 yen in 2000, it was 75.83 yen in 1950. Since that time, it has always lost in value in comparison to the yen.
Read more: If Japan is too advanced than India than why one Indian rupee= 2.40yen? | Answerbag http://www.answerbag.com/q_view/602861#ixzz1D9wpodAY
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Why is rupee is greater than dollar?
Rupee is not greater than dollar. On a currency exchange basis US $ is typically about 50 Rupees whereas Canadian $ is worth about 44 to 45 Rupees.
Is south Indian bank a nationalized bank?
No. It is a private sector bank in India. It is headed by Dr. V A Joseph, Managing Director & CEO of the bank. South Indian Bank has 580 branches and 3 extension counters spread across more than 26 states and union territories in India
Difference between merger and takeover?
In a merger, two or more companies of relitively similar size etc come together to form a larger company or conglomerate. It is often accopanied by a transition period and a rebranding exercise as the companies combine In a takeover, a larger company will absorb a weaker company. This weaker company is often struggling financially and will almost certainly be smaller than the company doing the takeover. The smaller company will effectively disappear although staff may be kept on in a similar roll to their previous jobs.
Function of integrated treasury of bank?
Treasury function was restricted to fund or liquid management. Fund management includes maintaining adequate cash balances to meet the daily requirements, implementing the surplus funds in other operations, sourcing the funds to even the gaps in cash flow. The treasury departments in banks are responsible to meet the Cash Reserve Requirement (CRR) and invest the funds in securities under Statutory Liquid Ratio (SLR). Treasury basically deals with short-term cash flows(less than one year), but investment in some securities exceeds more than one year. Integrated treasury came into existence as a result of financial reforms, the most important being the deregulation of rupee and partial convertibility of rupee. Rupee is freely convertible on current account. Due to the relaxations of RBI in Foreign Direct Investment (FDI), rupee is now partially convertible on capital account. Banks are permitted a larger limit in terms of their net worth, and overseas borrowing and lending. The functions of integrated treasury are not restricted to traditional functions. The major functions of integrated treasury are as follows: . Performing reserve management, which involves meeting CRR and SLR obligations. . Deploying surplus funds in securities which have low risk and earn profits. . Performing global cash management. . Providing effective and efficient merchant services. . Improving the profit by exploring market opportunities in money market, securities market and forex market. . Assisting the banks in Asset-Liability Management (ALM). . Managing market risk for the entire bank.
On a 1913 2 and a half dollar Indian head gold coin what does the B.P.L stand for?
I think you mean B. L. P. rather than B. P. L.Those are the initials of the coin's designer, Bela Lyon Pratt.
What is the current exchange of rate of Nepalese rupee against Indian rupee?
Indian Rupee is stronger than PKR (Pakistani Rupee). Though, PKR improved a bit against INR (Inidan Rupee) in recent months but still, it is approximately 0.63 of INR.1 PKR = 0.63 INR
Which currency is lesser than Indian rupee?
In 2014 the Indian rupee is currently greater than the Japanese yen, Indonesian rupiah, Hungarian forint, Pakistani rupee, South Korean Won, Colombian peso and more. 1 Indian rupee is currently worth .016 U.S. dollars.
Is Philippine peso higher than Indian rupee?
yes
IS there any currency cheaper than Indian rupee?
indoneshia, paraguye, and vietnam
Currencies of less value than Indian rupee?
VietnamVietnamese Dong1 INR = 385 VND
How many Nepalese rupees is equal to one rupee of India?
its un certain but more than 60 its un certain but more than 60
When one rupee was equal to one dollar?
Never. Pakistani/Indian rupee was started in 1947. Don't know the exact value of rupees at that time, but it was not greater in value than the dollar.
Indian five rupee indira gandhi coin?
it is worth more than £100,000,000 however it depends on the condition
How much is fifty Rupee in American currency?
If you mean Indian Rupee (INR), it is less than a US Dollar. 1 USD = 49.00 INR Rate varies every day, Mon to Fri.!
Appreciation of the Indian rupee and its impact on the Indian economy?
INDIAN RUPEE HAS MORE VALUE IN INDIAN ECONOMY THAN THE OTHER ECONOMY. IT HAS A GREAT VALUE BECAUSE OF FORIEGN CURENCY NOTE THEY GET LESS VALUE THAN THE INDIAN CURENCY. WHEN ANY FORIEGNER EXCHANGE THEIR DOLLAR INTO A CURENCY NOTE YHEN THEY GET THEIR VALUE ACCORDING TO THE MARKET VALUE . IN THAT CASE THEY HAVE TO SUFFERE PROFIT OR LOSS BUT WHEN ANY INDIAN EXCHANGE THEIR NOTE INTO A DOLLAR THEN THEY GET GOOD VALUE. ACCORDING TO MY POINT OF VIEW I WROTE SOME LINE. SO PLEASE TELL WHAT U THINK.
Does Pluto have a stronger or weaker gravity than earth?
Pluto has a weaker gravity than Earth. In fact, Pluto has a weaker gravity than Earth's moon.
What is the Indian word for money?
There is actually no such language as "Indian". There are more than 450 different languages spoken in India. If you are talking about Native American languages, there are more than 700. If you would like a translation, you would need to specify which Indian language you are talking about.
