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FOREX DERIVATIVES

MakadJaal

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DOLLAR TRAP

_ Let' s consider March 2002 being the Base year.

_ The base year currency (*G10 +1, including INR) is assumed as 100 units.

_ When compared to year March 2009, USD has declined to 35% with rest of the currencies whereas in India it has appreciated almost 6%.

_ This means, that there is some TRAP.

_ To be more clear, in comparison with USD (Base year 2002), 100 units of each currency is equal to

EURO                         =                      64.89
YEN                            =                      72.83
INR                             =                      105.52           
AUS$                          =                      75.69
CAD$                         =                      77.45
GBP                            =                      99.24
BRAZIL                       =                      95.95
CHF                            =                      67.96
RAND (SA)                =                      81.78
WON (Korea)            =                      100.13
NZD                            =                      74.57

* Global ten currencies
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