Foreign Exchange
This query is : Resolved
Nidhi Banwari
(Querist)
12 September 2008
My query is if there is appreciation in one currency than other currency will depreciate at same percentage or not. And it will be calculated?
CMA Jitendra Singh
(Expert)
12 September 2008
Depends over currency to currency and national economic condition to which currency belong.Be specific in your query ,so that proper reply can be posted you.
CA.Manish Jindal
(Expert)
12 September 2008
Not necessary that the appreciation / depreciation will be at the same %
Take an eg 1$=Rs 40 it means 1Re= .025$
now 1$ = Rs 41 ie 1 Re= .02439
appreciation =2.5% dep=2.439%
Take an eg 1$=Rs 40 it means 1Re= .025$
now 1$ = Rs 41 ie 1 Re= .02439
appreciation =2.5% dep=2.439%
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