Foreign Exchange

This query is : Resolved

Nidhi Banwari (Querist)
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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

CMA Jitendra Singh (Expert)
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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

CA.Manish Jindal (Expert)
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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%