Where Does Rupee Stand Against Major Currencies
4. Against Swiss franc
1 CHF =
74.26
The value of a currency is primarily determined by the demand and supply of that currency. If the demand for the currency rises, it accentuates the value of that currency as well. But the rupee value depreciates when the market gets volatile and investors prefer to invest in safe havens like U.S. treasuries and Swiss Franc. The exchange rate of rupee against Swiss Franc during 1996 was 1 CHF=
28.714, and the current rate is 1CHF=
74.26.
5. Against Canadian Dollar
1 CAD =
64.92
The Canadian dollar is the 7th most important currency in the world since 5.3 percent of the world's daily share is accounted by Canadian currency while Indian rupee accounts for only 0.9 percent. With the Indian economy slowly drowning, the Canadian Dollar has gained even more power and currently the exchange rate stands in 1 CAD=
64.92. In 1996, the exchange rate was 1 CAD=
26.002.
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