Finance
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 November 2014
Hello Respected Experts,
My Question is, Japan is Much developed Country than Indian than why its currency (JPY) is Weaker than India (INR)and any other asian coutry's currency??
and kuwaity Dinar is so strong than why its not an international currency??
My Question is, Japan is Much developed Country than Indian than why its currency (JPY) is Weaker than India (INR)and any other asian coutry's currency??
and kuwaity Dinar is so strong than why its not an international currency??
Amol S Joglekar
(Expert)
28 November 2014
It is basically based upon the demand and supply. The balance of trade also has a great bearing on it.
https://fxtop.com/en/currency-converter-past.php?A=1&C1=JPY&C2=INR&DD=01&MM=01&YYYY=2014&B=1&P=&I=1&btnOK=Go%21
follow this link and you will notice that how in 1955 1INR=75JPY and how over a period the YAN has grown stronger and stronger. Isnt it interesting?
https://fxtop.com/en/currency-converter-past.php?A=1&C1=JPY&C2=INR&DD=01&MM=01&YYYY=2014&B=1&P=&I=1&btnOK=Go%21
follow this link and you will notice that how in 1955 1INR=75JPY and how over a period the YAN has grown stronger and stronger. Isnt it interesting?
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