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Author Topic: japanese yen vs indian rupee  (Read 3607 times)
sj2199
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April 21, 2014, 04:55:21 PM
 #1

Why is the Japanese Yen weaker than the Indian Rupee even though the Japanese economy is in much better condition than its Indian Counterpart?

1$= about 60 Indian rupee, while
1$=about 100 Japanese yen

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April 21, 2014, 05:21:35 PM
 #2

Why is the Japanese Yen weaker than the Indian Rupee even though the Japanese economy is in much better condition than its Indian Counterpart?

1$= about 60 Indian rupee, while
1$=about 100 Japanese yen

You are not looking at this correctly. Exchange rate by itself is not an indicator of a stronger economy. By your reasoning, Euro(1.4x per $), Pound(1.6x per $) and Kuwaiti Dinar (3.4x per $) are much better in position as compared to US?

Value of a currency depends on a lot of other factors too.

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April 21, 2014, 10:56:29 PM
 #3

Why is the Japanese Yen weaker than the Indian Rupee even though the Japanese economy is in much better condition than its Indian Counterpart?

1$= about 60 Indian rupee, while
1$=about 100 Japanese yen

In japan they like to use large numbers and a yen is like a cent  they don't really use decimals for prices.

For example a soda costs like 100 yen from a soda machine.

The exchange rate says nothing about a countries wealth in itself. You need to consider cultural differences and prices of items as well.

For example a 500mL bucket of Ben and Jerries ice cream costs about €5 in the Netherlands, about 600 rupee in India ($10) and I suspect about 500 yen in japan but I may be wrong on that. If you compare the price of several common products between several countries you can easily see the difference in the economy

As a general rule:

In a poor country products of specific brands (imported) are more expensive (such as Ben and Jerries or McDonalds) (being on an island or otherwise logistically remote place may affect prices negatively as well)

In a poor country local food, goods and services are very cheap compared to western countries. (For example taking a taxi in the Netherlands or Japan will quickly cost you about €10 for a short ride. In India a taxi or equivalent would likely not even cost you €1)


In general things are very cheap in India (except imported goods, which most locals can hardly afford), but in japan everything is pretty expensive, even for western standards.


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April 22, 2014, 10:23:46 AM
 #4

Actually, the JPY is a currency which is stronger than even the USD. Check the exchange rates for the last 20 years:



On the other hand, the Indian Rupee is one of the weakest currencies in the world:


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April 22, 2014, 10:49:40 AM
 #5

1$= about 60 Indian rupee, while
1$=about 100 Japanese yen

1$ = about 0.002 Bitcoin

So you may say the Bitcoin economy is enormously better !  Grin Cheesy

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April 22, 2014, 04:01:53 PM
 #6

What kind of comparison is this? First, it's not related to Bitcoin economy, second, if you want to compare two currencies you have to look other parameters.
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April 23, 2014, 05:37:32 AM
 #7

What kind of comparison is this? First, it's not related to Bitcoin economy, second, if you want to compare two currencies you have to look other parameters.

The OP is probably from India and wanted to show off his patriotism.  Grin


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April 23, 2014, 03:20:58 PM
 #8

What a joke !!!
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April 23, 2014, 03:29:26 PM
 #9

What a joke !!!

It could be a joke or some trolling attempt.
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April 24, 2014, 06:48:52 AM
 #10

To my limited understanding The yen is in a decline and inflation is a serious issue.  I don't know what to say about the rupee but I was under the impression the India had and up and coming economy.  So this thread kind of threw me off, either way I'm interested in reading what others think.
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April 24, 2014, 06:59:48 AM
 #11

To my limited understanding The yen is in a decline and inflation is a serious issue.  I don't know what to say about the rupee but I was under the impression the India had and up and coming economy.  So this thread kind of threw me off, either way I'm interested in reading what others think.

Check the plots which I had posted earlier.

The JPY has been a very stable currency for the past 25 years, albeit increasing its value from 160 JPY = 1 USD in 1990, to 100 JPY = 1 USD in 2014.

The INR, on the other hand has been on a constant decline. It's value has been reduced from 17 INR = 1 USD in 1990, to 61 INR = 1 USD in 2014. 

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April 24, 2014, 07:06:42 AM
 #12

that is some interesting numbers for sure and paints a different picture then what I was under the impression was the reality.  I guess I have more to learn on the topic thanks for sharing that info with me and apologies for making you repost the info Smiley
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