Table 32: Exchange Rate of the Rupee vis-à-vis Major Trading Partner Currencies
Indicative	Average for	Average for	Appreciation/
Selling Rates	12 Months	12 Months	(Depreciation)
	ended Apr - 00	ended Apr - 01	of Rupee
	[1]	[2]	Between [1] & [2]
			Per Cent
Australian dollar	16.3586	14.9948	9.1
Belgian franc (100)	64.8354	61.0123	6.3
French franc	3.9857	3.7508	6.3
Deutsche mark	13.3668	12.5798	6.3
Hong Kong dollar	3.3276	3.5317	(5.8)
Indian rupee (100)	58.7835	60.4390	(2.7)
Italian lira (1000)	13.5018	12.6983	6.3
Japanese yen (100)	23.2915	24.4306	(4.7)
Kenya shilling (100)	35.4139	35.4884	(0.2)
New Zealand dollar	13.2133	11.8306	11.7
Singapore dollar	15.2787	15.7791	(3.2)
South African rand	4.1750	3.7171	12.3
Swiss franc	16.3270	16.0249	1.9
US dollar	25.5395	27.2236	(6.2)
Pound sterling	41.0587	39.9350	2.8
Euro1	26.1443	24.6041	6.3
1 Effective 1 January 1999, the euro (EUR) was introduced replacing its precursor, the ECU, on a one-to-one basis.
Notes:
(i)  [1] is calculated on the basis of the monthly average exchange rates for the period May 1999 to April 2000.
[2] is calculated on the basis of the monthly average exchange rates for the period May 2000 to April 2001.
(ii)  With effect from October 1998, the daily average exchange rate of the Rupee is based on the average selling rates
for T.T.& D.D. of all commercial banks.
(iii)  The appreciation/depreciation of the Rupee is calculated as follows:
(Previous period exchange rate - Current period exchange rate) ÷ Current period exchange rate.