September 15, 2009

life in financial markets: how currencies are faring against the US dollar

I have just done some quick number crunching on the interplay between different currencies against the US dollar from 2006 onwards.

See the graph image below (click on it to see it clear and enlarged).

During the last 3 years, the Indian rupee has depreciated against the US dollar when many others have appreciated against the US dollar. What story does it tell? Anyone?

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