startling banals
19 November 2007
11% in 11 months
Thats how much the dollar has fallen wrt the rupee - from 44.2 to 39.2 since January. If this trend continues, it will be 34 Rupees to a Dollar by next November.
The corresponding drops with respect to other currencies:
10.4% Euro, 5.9% Pound, 6.5% Yen, 7% Yuan, 9.5% Ruble(till October), 13.4% Australian $, 11% Danish Kroner, 15.4% Norwegian Kroner, 19.5% Canadian $!
http://en.wikipedia.org/wiki/Foreign_exchange_market
http://www.currencybits.com/
But if you watch too closely, you could miss the big picture.
The corresponding drops with respect to other currencies:
10.4% Euro, 5.9% Pound, 6.5% Yen, 7% Yuan, 9.5% Ruble(till October), 13.4% Australian $, 11% Danish Kroner, 15.4% Norwegian Kroner, 19.5% Canadian $!
http://en.wikipedia.org/wiki/Foreign_exchange_market
http://www.currencybits.com/
But if you watch too closely, you could miss the big picture.