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Floating Exchange Rate

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Q: Which exchange rate is following by India?
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At present India is following which exchange rate?

India followed a 'fixed exchange rate' system till the economic crisis of 1991.At present India is following 'floating exchange rate'following link will help you to understand:(http://indianblogger.com/foreign-exchange-rate-determination-in-india/)thank you


What is the exchange rate of 5000 Mil soles De oro in India?

5000 del peru


What is the easy way to exchange the Myanmar mmk currency in India at official rate?

Yes it is possable in kolkata


Where can I find out the money exchange rates in Canada?

You can find the money exchange rate at the following sites that I found for you to have a look at. Here are the sites that you can look at for this information www.bankofcanada.ca/rates/exchange/


What is REER in exchange rate?

The real effective exchange rate based on real exchange instead of nominal exchange rate in foreign currency exchange.


How do you calculate exchange rate?

The spot exchange rate refers to the current exchange rate. The forward exchange rate refers to an exchange rate that is quoted and traded today but for delivery and payment on a specific future date.


Which of the following countries has the lowest household savings rate A China b India c US d UK?

India


What is the amount for transfer of money from a bank in Europe to a bank in India?

Your local bank should have the currency exchange rates. It is dependent upon the rate of exchange between those two countries, and the wire rate your bank will charge.


What is the difference in how the exchange rate reflects the supply and demand for the currency between a flexible-exchange rate system and a fixed-rate exchange system?

Fixed Exhange-Rate System: currency system in which governments try to keep the values of their currencies constant against one another Flexible Exchange- Rate System: allows the exchange rate to be determined by supply and demand. With a flexible exchange- rate system, exchange rates need not fall into any prespecified range.


What will be the estimated exchange rate in 2010?

The Exchange Rate is 6594.232$.


What is an unfavorable exchange rate?

unfavourable exchange rate movement


Difference between Spot Exchange Rate and Exchange rate?

An exchange rate, which is also called the foreign-foreign exchange rate, is the rate that currency will be exchanged for another currency and may have a forward contract. The spot exchange rate is the current exchange rate today with immediate delivery and it is also called benchmark rates and outright rates.