*All exchange rates were collected using Google Finance’s archived currency data. Let’s evaluate how these lowest currencies in the world on the foreign exchange market compared to the world’s most traded currency – the U.S.
– Trade with other countries in that currency List of Few World Currencies where Indian Currency is StrongerĨ.T he world has changed dramatically over the last couple of years, with the rise of COVID-19 and all its variants, many countries around the world have had to completely rethink how they manage major industries for the safety of their employees.ĭespite these global challenges, the lowest currencies in the world remained largely the same as they were back in 2020. – Central Bank’s Interest Rate (In India, it is RBI’s interest Rates) For example, an interbank exchange rate of 49.90 INR to the New Zealand Dollar means that ₹49.90 will be exchanged for each 1 NZ$ or that 1 NZ$ will be exchanged for each ₹49.90. Source: xe.com (Rates as on 18th Dec 2022)Ĭurrency exchange rate is the value of one country’s currency with respect to other currency or the rate at which one currency will be exchanged for another. Asian Currencies vs Indian Currency Exchange Rate Country There may be variance in rates and prices. So, we have compiled a list of all major currencies and compared them with the current currency exchange rate in India.ĭ isclaimer: The currency rates are sourced from Xe.com, Google and BookMyForex rate Chart.
As it will help you in making a wise decision when you want to buy or sell Indian Rupees. So, it is extremely important for a regular traveller outside India or if you are a Non-Resident Indian (NRI) to compare the currency rate in India with other world currencies. In the last few quarters, Indian Rupee has lost value against the likes of USD but has also gained against other currencies.
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