Who Decides Currency rate of the Country..? - Site Owners Forums

rajshreedixit01 · 10-20-2016, 06:28 AM

Hello Friends,

Please tell me, Who Decides Currency rate of the Country..?

kevinkrieger · 10-20-2016, 10:42 PM

If the demand for dollars increases, the value of dollar will appreciate. As the quotation for Rs/$ is a two way quote (that is, the price of one dollar is quoted in terms of how much rupees it takes to buy one dollar), an appreciation in the value of dollar would automatically mean a depreciation in Indian rupee and vice-versa.

For example, if rupee depreciates, a dollar which once cost Rs. 47 would cost, say, Rs. 50. In essence, the value of dollar has risen and the buying power of rupee has gone down.

valentinebruce9 · 10-20-2016, 11:34 PM

Some countries may decide to use a pegged exchange rate that is set and maintained artificially by the government. This rate will not fluctuate intraday, and may be reset on particular dates known as revaluation dates. Governments of emerging market countries often do this to create stability in the value of their currencies.

10-20-2016, 06:28 AM	#1
rajshreedixit01 Registered User Join Date: Sep 2015 Posts: 483	Who Decides Currency rate of the Country..? Hello Friends, Please tell me, Who Decides Currency rate of the Country..? __________________ To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts. \| To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts. \| To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

10-20-2016, 10:42 PM	#2
kevinkrieger Registered User Join Date: Jan 2014 Posts: 104	If the demand for dollars increases, the value of dollar will appreciate. As the quotation for Rs/$ is a two way quote (that is, the price of one dollar is quoted in terms of how much rupees it takes to buy one dollar), an appreciation in the value of dollar would automatically mean a depreciation in Indian rupee and vice-versa. For example, if rupee depreciates, a dollar which once cost Rs. 47 would cost, say, Rs. 50. In essence, the value of dollar has risen and the buying power of rupee has gone down. __________________ To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts. \| To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts. \| To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts. \| To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts. \| To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts. \| To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

10-20-2016, 11:34 PM	#3
valentinebruce9 Registered User Join Date: Aug 2016 Posts: 195	Some countries may decide to use a pegged exchange rate that is set and maintained artificially by the government. This rate will not fluctuate intraday, and may be reset on particular dates known as revaluation dates. Governments of emerging market countries often do this to create stability in the value of their currencies. __________________ *To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.* *To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.* *To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.*

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