For decades, the most important base currencies of the world have been the U.S. On the currency market, there is a larger trade volume than on the credit or the stock market. Thus, there are worldwide more than 160 official currencies that can be traded on the currency market at constantly changing exchange rates. Today, almost every country has its own currency, with the exception of countries with a common currency (such as the Eurozone) or countries that have adopted a foreign currency (such as the euro in Kosovo). Minting of coins from precious metals was developed about 2500 years ago in ancient Greece paper money has existed for about 1000 years. In the beginning, different items were used as currency, including metals, pearls, shells or agricultural products. Exchange Rate Indian Rupee to US Dollar 1.00 INR 0.012879 USD 06:34 UTC View INR Rates Table View USD Rates Table View INR / USD Graphs 1. cents, after touching intraday 1.2837, which was the 10-week low it hit on Tuesday. The functions that a currency took on (means of payment, value storage, unit of value) were essential to the development of an efficient economy with division of labor. The Canadian dollar was trading 0.1 higher at 1.2807 to the greenback, or 78.08 U.S. (read more)Ĭurrencies have existed for several millennia they arose primarily as a replacement for the ineffective barter trade. Here, the currency calculator shows the opening and closing rate as well as the lowest and highest rates for the respective date.
The result provided by the currency calculator is displayed in a clearly arranged table.
This way, the Markets Insider currency calculator allows you to search for historical exchange rates. Additionally, you can also choose whether to calculate the result based on the current exchange rate or the exchange rate on a certain date. Once you select the base and target currencies from the list and enter the desired amount into the provided field, the currency calculator immediately gives you the result. In total, there are about 160 different currencies available on the currency calculator. With the currency calculator, you can quickly and easily convert amounts between any currencies. Before you go to any currency exchange, you should check general conversion rate with currency converter.Do you deal in shares in different currencies? Do you like to travel? Do you like to shop on foreign online shops? The currency calculator of Markets Insider is the ideal tool for you. There are possibilities to exchange money at currency exchanges in the city or malls, online, via money transfer services and at least banks, with very often huge commissions. But if you want just to convert your Indian Rupee to US dollar, then you have to compare and to know where is the best inr to usd exchange rate in India. OANDAs currency calculator tools use OANDA Rates, the touchstone FX rates compiled from. Also, if you need to transfer Indian Rupee or US dollar to any country or from India to United States of America, you're able to transfer money via xoom, Paypal, Moneygram, Transferwise, Western Union etc. First, check on currency converter for general inr to usd conversion rate, then you can look for currency exchange or exchange money somewhere online. If you travel to India, you can easily convert and get Indian Rupee at any currency exchange in India. INR to USD currency pair can change anytime and may be difficult to predict the future. On Jthe Official USD to INR Exchange Rate: Close: 1 USD 0 INR. Convert Indian Rupee to US dollar with flexible currency converter, also check Indian Rupee to US dollar exchange rate which is changing every second and may be impacted of everyday political or economic life.