Scribd
Upload
31 views8 pages

Globalization and Lifelines of Economy-2

The document discusses globalization and its impact on currency values, focusing on the Indian Rupee, US Dollar, and Euro. It provides historical exchange rate data and percentage variations in the value of the Indian Rupee from 2018 to 2023, highlighting the implications for trade competitiveness, inflation, external debt, foreign investment, tourism, and stock market performance. Understanding these dynamics is essential for India to effectively navigate global economic forces.

Uploaded by

fanaticsgaming542
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
31 views8 pages

Globalization and Lifelines of Economy-2

The document discusses globalization and its impact on currency values, focusing on the Indian Rupee, US Dollar, and Euro. It provides historical exchange rate data and percentage variations in the value of the Indian Rupee from 2018 to 2023, highlighting the implications for trade competitiveness, inflation, external debt, foreign investment, tourism, and stock market performance. Understanding these dynamics is essential for India to effectively navigate global economic forces.

Uploaded by

fanaticsgaming542
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
You are on page 1/ 8

GLOBALIZATION AND LIFELINES OF

ECONOMY

MADE B Y U D AY R AT H O R E
Introduction to Globalization and Currencies

*Globalization and its impact on Currency values:*


Globalization refers to the increasing interconnectedness and
interdependence of the world’s markets and businesses. This
process driven by international trade , investment, and the spread
of technology and knowledge.
*Currencies:*
1. “Indian rupee(INR):”
-- ‘Symbol’= ₹
-- ‘Issued By’= Reserve Bank Of India (RBI)
2. “US Dollar(USD):”
-- ‘Symbol’= $
-- ‘Issued By’= Federal Reserve
3. “Euro (EUR):”
-- ‘Symbol’= €
-- ‘Issued By’= European Central Bank (ECB)
Data Collection Sources

For historical exchange rates, you might not directly find them on the
respective central banks' websites, but they often provide data or
links to trusted sources. Here are some reliable sources for historical
exchange rate data:

1. *Reserve Bank of India (RBI)*: While the RBI may not directly provide
historical exchange rates, they often publish reports and data related to
the Indian economy, which may include exchange rate information. For
historical exchange rates specific to India, financial databases like
refinity .

2. *European Central Bank (ECB)*: The ECB provides a statistical


database called "Eurostat" that includes historical exchange rate data
for the euro and other major currencies.

3. *Federal Reserve System*: The Federal Reserve offers some historical


exchange rate data through its Federal Reserve Economic Data (FRED)
database. FRED provides access to a wide range of economic data,
including exchange rates.
Currency Value Data

Year INR to USD INR to EUR

2018 68.47 80.67

2019 70.39 78.84

2020 74.10 81.50

2021 73.94 87.33

2022 76.96 85.23

2023 82.72 91.13


2023

2022

2021
INR to EUR
INR to USD
2020

2019

2018

0 10 20 30 40 50 60 70 80 90 100
Percentage Variation In Rupee Value

Q . C A L C U L AT E T H E P E RC E N TAG E O F VA R I AT I O N I N VA LU E O F
RUPEE FROM 2018 TO 2023.

F O R M U L A : P E R C E N TA G E VA R I AT I O N = ( ( VA L U E
I N 2 0 2 3 - VA L U E I N 2 0 1 8 ) / VA L U E I N 2 0 1 8 ) * 1 0 0

AGAINST USD AGAINST EUR


-2019:((70.39-68.47)/ -2019:((78.84-
68.47)*100 ≈ 2.80% 80.67)/80.67)*100 ≈-2.27%
-2020:((74.10-70.39)/ -2020:((81.50-78.84)/
70.39)*100 ≈5.26% 78.84)*100 ≈3.37%
-2021:((73.94-74.10)/ -2021:((87.33-81.50)/
74.10)*100 ≈0.22% 81.50)*100 ≈7.71%
-2022:((76.96-73.94)/ -2022:((85.23-
73.94)*100 ≈4.08% 87.33)/87.33)*100 ≈-2.40%
-2023:((82.72-76.96)/ -2023:((91.13-85.23)/
76.96)*100 ≈7.49% 85.23)*100 ≈6.91
QUESTION & ANSWER

Q1. In which country is dollar the national currency?


Ans. The United States of America
Q2. In which country is euro the national currency?
Ans. Euro is the national currency of 19 out of the 27 European
Union countries, known as Eurozone.
Q3. In which year was value of rupee maximum?
Ans. The value of rupee was maximum in 2018(against USD: 68.47,
EUR: 80.67)
Q4. In which year was value of rupee minimum?
Ans. The value of rupee was minimum in 2023(against USD: 82.72,
EUR: 91.13)
CONCLUSION

 Understanding currency values in globalization is crucial for India


due to economic implications:

1. **Trade Competitiveness**: Influences export/import dynamics.


2. **Inflation Management**: Impacts prices of imported goods,
influencing inflation rates.
3. **External Debt**: Affects servicing costs of foreign-denominated
debt.
4. **Foreign Investment**: Attracts/repels foreign capital inflows,
impacting investment climate.
5. **Tourism & Remittances**: Influences revenue from tourism and
remittance inflows.
6. **Stock Market Performance**: Affects corporate earnings and
investor sentiment.

 In summary, grasping currency dynamics helps India navigate


global economic forces effectively.

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy