Indian currency exchange rate - why going down.
Jump to Page:
< Previous [ 1 ] [ 2 ] [ 3 ] [ 4 ] [ 5 ] [ 6 ] Next >
Quote:
Originally posted by ashedfc
Quote:
Originally posted by rajcanada
You have to factor in exchange rate losses for conversion of CAD to INR, from INR to CAD back and also exchange rate difference between those times. Today it is Rs. 49 something for 1 CAD, a year back it was 44.
In 2008, 3yrs back CAD was 47 on the Rupee.. so Rs has kind off kept flat against CAD. Its the USD where the volatility is seen (most of it is tied to the trade deficit)
For a brief period of time in September 2008, the exchange rate peaked to around 45.50, otherwise average would have been around Rs. 42 for 1 CAD for 2008.
http://ca.finance.yahoo.com/echarts?s=CADINR=X#symbol=;range=20071231,20111107;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=;" target="_blank">http://ca.finance.yahoo.com/echarts?s=CADINR=X#symbol=;range=20071231,20111107;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=;
-----------------------------------------------------------------
Give free food http://www.thehungersite.com ||
The inflation would affect those living in India. Those who have invested in India and are staying in US/Canada should look at the situation differently.
Those who have invested in India 5 years back, now have 5 fold return in terms of Ruppes. Evenif you do conversion rates and other charges it is still much much higher return.
-----------------------------------------------------------------
A Proud Indian Canadian
The war against Iran is under speculation or in much more mature state that would drive the petrol prices up again. US dollar will again go up and then ......
I think India is being exploited... wake up now...
-----------------------------------------------------------------
The cowards never started,
The weak died on the way,
Only the strong arrived.
http://www.youtube.com/watch?v=_yK1i9cLAMM
Location: God's own country
Posted on: 12-11-11 01:26:12
India is growing at an amazing rate.
Money flows like water here. Companies care a damn is $ Vs. Rs. rate is growing bigger and bigger (except IT companies).
The reason that I see is that India is getting lots and lots of money (being invested) much more than what USA is printing $. Hence as Rupee gets accumulated more, it is losing ground on the US $ which is not being printed as much as the Indian rupee.
Compound that with the high interest rates here where your Rupee gets multiplied much more.
It is so easy here to make 1 to 10 % profit on the stock market atleast once a week.
Peace
-----------------------------------------------------------------
I am a Gents and not a Ladies.
Best time to invest or clear off any debts in India
How com AUD crossed CAD vs INR
1 AUD =51.29
1CAD=49.87
Is Australian economy growing faster than Canada?
Thanks
Location: God's own country
Posted on: 19-11-11 14:29:53
Australia does trading with China just like Canada does trading with USA.
China has been going on great guns since 2000. So naturally the economy of Australia is going great guns and the currency has appreciated.
One of the major reasons why Indians who migrated to Australia are well settled.
Peace
-----------------------------------------------------------------
I am a Gents and not a Ladies.
