llingT.T&O.D. | |||
|---|---|---|---|
| U.S.A | |||
| U.K. | |||
| Euro | |||
| Switzerland | 9.26 | ||
| Austra lia | |||
| Sweden | |||
| Japan | |||
| Norway | 11.79 | ||
| Singa pore | |||
| Denmark | |||
| Saudia Arabia | |||
| Hong Kong | |||
| China | |||
| Kuwait | |||
| Malaysia | 1.70 | ||
| New Zealand | |||
| Qatar | |||
| U.A.E. |
Friday, May 22, 2009
Today's Exchange Rates
Germany Euro
On January 1, 1999, eleven European countries have replaced their national currencies and introduced a single European currency, the euro. Today (December 2001) the euro is the official currency in 12 countries. Bills and coins of the national currencies will remain in circulation as subdenominations of the euro until January 1, 2002, when they will be exchanged against new euro coins and Bills. However, all inter-bank commerce and stock exchange trade is now denominated in the official currency. This information page provides basic information about the new currency and the process through which European monetary union has been achieved.
Indian Rupee
The Indian Rupee is the original official currency of India. The English translation of "Rupee" is "silver," and the name exists because it was previously a silver coin. This very fact had severe consequences in the 19th century, when the strongest economies in the world were on the gold standard. The discovery of vast quantities of silver in the U.S. and various European colonies resulted in a decline in the relative value of silver to gold. Suddenly, the standard currency of India could not buy as much from the outside world. Such circumstances led to what is now referred to as "the fall of the Rupee."
During the period 1950-1951 until mid-December 1973, India followed an exchange rate regime with the Rupee linked to the Pound Sterling, except for the devaluations in 1966 and 1971. When the Pound Sterling floated on June 23, 1972, the Rupee's link to the British unit was maintained-thus, paralleling the Pound's depreciation and de facto devaluation.
In 1975, the Rupee's ties to the Pound Sterling were disengaged. India established a float exchange regime, with the Rupee's effective rate placed on a controlled, floating basis and linked to a "basket of currencies" of India's major trading partners. More recently, the Indian Rupee has been depreciating in step formation, but roughly in line with the fall in its Purchasing Power Parity since the early 1980s. While the PPP was 15 around 1982, the actual exchange rate was 9.30 per US dollar. After the devaluation, the Rupee underwent the change from a controlled regime to a "Managed" or "Dirty" float regime, where the market supposedly determines the exchange rate. In mid 2005, the actual rate was near 43.60
During the period 1950-1951 until mid-December 1973, India followed an exchange rate regime with the Rupee linked to the Pound Sterling, except for the devaluations in 1966 and 1971. When the Pound Sterling floated on June 23, 1972, the Rupee's link to the British unit was maintained-thus, paralleling the Pound's depreciation and de facto devaluation.
In 1975, the Rupee's ties to the Pound Sterling were disengaged. India established a float exchange regime, with the Rupee's effective rate placed on a controlled, floating basis and linked to a "basket of currencies" of India's major trading partners. More recently, the Indian Rupee has been depreciating in step formation, but roughly in line with the fall in its Purchasing Power Parity since the early 1980s. While the PPP was 15 around 1982, the actual exchange rate was 9.30 per US dollar. After the devaluation, the Rupee underwent the change from a controlled regime to a "Managed" or "Dirty" float regime, where the market supposedly determines the exchange rate. In mid 2005, the actual rate was near 43.60
Pakistani Rupee
The official currency of Pakistan is the rupee (PKR). One rupee consists of 100 paise (singular = paisa). When Pakistan began printing its own currency in 1948, they used Indian currency with "Pakistan" stamped on it for the first few months until enough of the Pakistani notes were in circulation. Until 1961, the rupee was divided into 16 Annas before being changed to 100 paise. From the time of the rupee's introduction until the turn of the 21 st century, it steadily declined in value against the U.S. dollar. Then, Pakistan's large current-account surplus drove up the value of the rupee until the government lowered interest rates and bought dollars to stabilize the currencies value and maintain its export competitiveness
peso Philippines
The currency in the Philippines is the Philippine peso (or piso), divided into 100 centavos (or centimo). Currently (January 2002), the U.S. dollar is worth about 52 pesos, and the euro about 46 pesos. Current are coins of 1, 5, 10, and 25 centavos and 1 and 5 pesos, and bank notes of 5, 10, 20, 50, 100, 200, 500 and 1000 pesos. The 5 peso note is no longer printed, but still legal tender. The coins can be seen on a separate page.
A few years ago, all old Philippine currency was replaced by new banknotes and coins, which are now the only ones valid. Older notes cannot be used anymore. If you are interested in what the old notes looked like, just have a look at our old Philippine money page
A few years ago, all old Philippine currency was replaced by new banknotes and coins, which are now the only ones valid. Older notes cannot be used anymore. If you are interested in what the old notes looked like, just have a look at our old Philippine money page
Currency Abbreviation Of Z
cellpadding="0" width="500" align="center">
align="middle">
align="middle">COUNTRY
NAME
CODE
CODE
DESCRIPTION
align="middle">Zambia
width="75" align="middle">ZMK
align="middle">Zambian Kwacha
width="175" align="middle">Zimbabwe
align="middle">ZW
width="175" align="middle">Zimbabwean Dollar
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