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Since India was under British rule rupee was pegged to pounds. From 1927 to 1966, it was 13 rupees = 1 pound. This was maintained until 1966, when the rupee was devalued and pegged to the U.S. dollar at a rate of 7.5 rupees = 1 dollar. This value lasted until the U.S. dollar devalued in 1971.

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Bitcoin Currency Statistics, 2009-2017

Bitcoins in circulation - the total number of bitcoins that have already been mined; in other words, the current supply of bitcoins on the network. Market Capitalization - the total USD value of bitcoin supply in circulation, as calculated by the daily average market price across major exchanges. USD Exchange Trade Volume - the total USD value of trading volume on major bitcoin exchanges. See also: Bitcoin Price Index, 2009 to 2017

The Big Mac Index

The Big Mac Index invented by The Economist is an informal way of measuring the purchasing power parity (PPP) between two currencies. Calculation of PPPs is based on the assumption that the dollar cost for a Big Mac in a particular country would be the same as in the United States. The indicator is chosen by The Economist magazine, as a measure of PPP, is based on the fact that the ingredients used in the preparation of Big Mac are the same over the globe, and hence variation in dollar cost in any country is a direct measure on the valuation of the currency. The study also points to the fact that, some of the developing countries, purposely...


The Big Mac Index update

The Economist has recently updated its famous “Big Mac Index” based on McDonald’s Big Mac prices, collected throughout the world. Now the cheapest burgers in US Dollar terms can be bought in Ukraine: for $1.2 only. The most expensive ones are being sold in Switzerland, where you should pay $7.54 for one burger. Big Mac Index shows, how much the national currency is “undervalued” or “overvalued” in relation to “fair” Big Mac price. In respond to the criticism that you would expect average burger prices to be cheaper in poor countries than in rich ones, it was adjusted for differences in countries' GDP per capita. E. g., in case of Russia,...