The exchange rate between currencies of different countries keeps fluctuating very frequent basis as they are continuously traded on the foreign exchange market, or the ‘Forex’. Exchange rates between different currencies are important for international trade. However, in order to determine the value of any country’s currency, its value is measured in comparison to the value of the Dollar as a general standard. Similarly, in order to determine the value of the Rupee (₹), it is also compared to the value of the Dollar ($), and the rate of exchange between these two currencies also keeps changing constantly. Over the past few months, the rate of the Rupee has gone down in comparison to the rate of the Dollar, due to various international economic factors.
At the time of writing this article on November 25, 2022, the Dollar to INR exchange rate currently stands at ₹81.52 for $1. While the rate of the Rupee against the Dollar has recovered over the past few days, it reached its highest-ever level in October 2022, going up to more than ₹83 for $1. The falling of the exchange rate is not just limited to the Rupee, but the currencies of many other countries have also seen a decline in value as the Federal Reserve in the US has increased interest rates multiple times over recent months. Moreover, a slowdown of the economy caused to due the pandemic and the economic instability caused by the ongoing Russia-Ukraine war has also contributed to the value of the Rupee and other currencies falling.
Now that we’ve looked at the rates of the Rupee against the Dollar, let’s also take a look at the exchange rate of other the Rupee against other major international currencies, as on November 25, 2022:
Euro to INR: The rate of Euro to INR is 1 Euro for ₹84.95, as of November 25, 2022.
British Pound: The rate of British Pound to INR for 1 British Pound is ₹98.83, as of November 25, 2022.
Australian Dollar: The rate of Australian Dollar to INR for 1 Australian Dollar is ₹55.20, as of November 25, 2022.
Canadian Dollar: The rate of Canadian Dollar to INR for 1 Canadian Dollar is ₹61.15, as of November 25, 2022.
Singapore Dollar: The rate of Singapore Dollar to INR for 1 Singapore Dollar is ₹59.41, as of November 25, 2022.
Swiss Franc: The rate of Swiss Franc to INR for 1 Swiss Franc is ₹86.32, as of November 25, 2022.
Japanese Yen: The rate of Japanese Yen to INR for 1 Japanese Yen is ₹0.58, as of November 25, 2022.
Chinese Yuan: The rate of Chinese Yuan to INR for 1 Chinese Yuan is ₹11.40, as of November 25, 2022.
Disclaimer: All of the exchange rates that are mentioned in this article have been recorded at the time of writing this article and are subject to change in the future.