Question

prepare a project report on different currency used in India at different time​

Answer 1

Answer:

Project Report on Foreign Exchange Rate in India

—>Foreign exchange means exchange of currency of one country with that of other country. It is calculated and usually expressed in terms of percentage or ratio of one currency with the other, i.e. to determine an exchange rate. It is interesting to note that the rate of exchange is determined on the basis of demand and supply, like other commodities in the ordinary markets.

Thus, the demand for and supply of the currency are determined on the basis of the following factors:

(i) Investment (including privates and publics, direct and indirect);

(ii) Commercial transactions relating to goods and services;

(iii) Technological factors;

(iv) Government loans and grants;

(v) Short-term Capital movement;

(vi) Transactions with international institutions;

(vii) Government intervention;

(viii) Confidence in the currency.

Foreign Exchange Rate:

The price of one unit of foreign currency in terms of domestic currency is determined which is known as rate of foreign exchange.