Question

In: Economics

Use a business periodical or the Internet to determine how the value of the foreign currency...

Use a business periodical or the Internet to determine how the value of the foreign currency of concern has changed over the last year. What is the mean percent-age change over these months? If you believed that the currency's value would continue following the recent trend, would it appreciate or depreciate in the near future?

Solutions

Expert Solution

The value of Indian Rupee is considered as compared to US $ from 10th December 2017 till December 3 2018.

DATE Price Open High Low Change

Dec 02, 2018 70.410 69.770 70.457 69.769 1.09%
Nov 25, 2018 69.650 70.495 71.035 69.570 -1.42%
Nov 18, 2018 70.655 71.925 72.082 70.655 -1.84%
Nov 11, 2018 71.980 72.735 73.067 71.715 -0.69%
Nov 04, 2018 72.480 72.808 73.135 72.375 0.06%
Oct 28, 2018 72.440 73.355 74.135 72.430 -1.39%
Oct 21, 2018 73.460 73.305 73.828 73.095 0.12%
Oct 14, 2018 73.375 73.797 74.065 73.295 -0.32%
Oct 07, 2018 73.610 73.875 74.490 73.530 -0.22%
Sep 30, 2018 73.770 72.605 74.250 72.605 1.74%
Sep 23, 2018 72.510 72.480 72.965 72.340 0.37%
Sep 16, 2018 72.240 72.530 72.990 71.760 0.50%
Sep 09, 2018 71.880 72.140 72.920 71.535 0.13%
Sep 02, 2018 71.790 70.795 72.105 70.730 1.11%
Aug 26, 2018 71.005 69.765 71.025 69.705 1.48%
Aug 19, 2018 69.970 69.820 70.240 69.535 -0.19%
Aug 12, 2018 70.100 69.490 70.420 69.410 1.76%
Aug 05, 2018 68.890 68.575 69.025 68.455 0.50%
Jul 29, 2018 68.545 68.705 68.845 68.265 -0.09%
Jul 22, 2018 68.605 68.705 69.088 68.535 -0.20%
Jul 15, 2018 68.740 68.560 69.132 68.280 0.35%
Jul 08, 2018 68.500 68.570 68.900 68.335 -0.44%
Jul 01, 2018 68.805 68.490 69.030 68.335 0.50%
Jun 24, 2018 68.460 67.910 69.100 67.910 0.87%
Jun 17, 2018 67.870 68.160 68.390 67.715 -0.28%
Jun 10, 2018 68.060 67.445 68.065 67.275 0.78%
Jun 03, 2018 67.530 66.915 67.795 66.840 0.80%
May 27, 2018 66.995 67.505 67.990 66.995 -1.09%
May 20, 2018 67.730 68.110 68.485 67.718 -0.38%
May 13, 2018 67.990 67.252 68.142 67.215 0.94%
May 06, 2018 67.360 66.825 67.478 66.785 0.81%
Apr 29, 2018 66.820 66.600 66.920 66.350 0.30%
Apr 22, 2018 66.620 66.210 66.980 66.150 0.62%
Apr 15, 2018 66.210 65.330 66.210 65.320 1.46%
Apr 08, 2018 65.255 64.865 65.445 64.850 0.50%
Apr 01, 2018 64.930 65.120 65.185 64.890 -0.28%
Mar 25, 2018 65.115 64.895 65.295 64.728 0.19%
Mar 18, 2018 64.990 65.045 65.250 64.983 0.00%
Mar 11, 2018 64.990 64.970 65.075 64.810 -0.21%
Mar 04, 2018 65.125 65.055 65.195 64.855 -0.15%
Feb 25, 2018 65.220 64.660 65.320 64.630 0.79%
Feb 18, 2018 64.710 64.510 65.110 64.420 0.77%
Feb 11, 2018 64.215 64.285 64.345 63.815 -0.25%
Feb 04, 2018 64.375 64.235 64.438 64.005 0.38%
Jan 28, 2018 64.130 63.610 64.200 63.490 0.85%
Jan 21, 2018 63.590 63.890 64.010 63.460 -0.38%
Jan 14, 2018 63.830 63.465 64.130 63.340 0.35%
Jan 07, 2018 63.610 63.340 63.855 63.250 0.43%
Dec 31, 2017 63.340 63.860 63.870 63.323 -0.78%
Dec 24, 2017 63.840 64.040 64.280 63.790 -0.28%
Dec 17, 2017 64.020 64.160 64.730 63.945 -0.09%
Dec 10, 2017 64.080 64.460 64.560 64.015 -0.62%
Highest: 74.490 Lowest: 63.250 Difference: 11.240 Average: 67.970 Change %: 9.197

The currency will keep on depreciating in the recent months to come due to

1. the overall trend is depreciating.

2. The high import dependence of India for Crude Oil.

3.the upcoming nathional elections will create an investors wait and watch policy.

Rahul Sunny answered 1 year ago
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