UPSC Prelims 1998·GS1·economy·open economy

Which one of the following is the correct sequence of decreasing order of the given currencies in terms of their value in Indian Rupees?

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  1. AUS dollar, Canadian dollar, New Zealand dollar, Hong Kong dollarCorrect
  2. BUS dollar, New Zealand dollar, Canadian dollar, Hong Kong dollar
  3. CUS dollar, Hong Kong dollar, New Zealand dollar, Canadian dollar
  4. DUS dollar, Hong Kong dollar, Canadian dollar, New Zealand dollar

Explanation

To understand the decreasing order of these currencies in terms of Indian Rupees (INR), we look at their approximate exchange values as of recent trends: 1. US Dollar (USD): This is the strongest among the four, typically valued between 82 to 84 INR. 2. Canadian Dollar (CAD): This follows the US Dollar, generally valued between 60 to 62 INR. 3. New Zealand Dollar (NZD): This is slightly lower than the Canadian Dollar, usually valued between 50 to 52 INR. 4. Hong Kong Dollar (HKD): This is the weakest in this group, valued at approximately 10 to 11 INR. Therefore, the correct decreasing order is US Dollar, Canadian Dollar, New Zealand Dollar, and Hong Kong Dollar. This aligns with Option A.
economy: Which one of the following is the correct sequence of decreasing order of the given currencies in terms of their value i

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