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We have around 15% of imports …

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We have around 15% of imports from china , and our curreny values 11.5 with china. But we only do have 6% of imports from America, still our currency values 75.1in $
  • 2 answers

Anisha Yadav 4 years, 9 months ago

But this agreement has been collapsed, and the same I am saying,,,,, here we found that INDIA have more demand of china's goods than America which mean that we neec Yan more than Dollar.. So..why does yan is cheaper.... Mean i to say

Varun Sinha 4 years, 9 months ago

Currency value doesn't directly depends on Export and Import of goods... It depends on Currency's Demand and supply... You may have studied about Bretton Woods Agreement... Most of the payment across foreign countries are done using Dollar.... For example...agr Indian Govt. Japan se kch import krti h toh wo payment dollar me krenge...waise naa toh hmara currency dollar h naa hi japan ka...then also we'll have to pay in Dollars..... How do we get dollars?? We usually but that currency from U.S. so that we can do payment to foreign countries.. I hope,i cleared your doubt.
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