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 August - 00	ended August - 01	of Rupee
	[1]	[2]	Between [1] & [2]
			Per Cent
Australian dollar	15.9887	14.9299	7.1
Belgian franc (100)	62.8104	62.1338	1.1
French franc	3.8622	3.8201	1.1
Deutsche mark	12.9535	12.8117	1.1
Hong Kong dollar	3.3596	3.6687	(8.4)
Indian rupee (100)	59.7402	61.5772	(3.0)
Italian lira (1000)	13.0847	12.9400	1.1
Japanese yen (100)	24.3283	24.2598	0.3
Kenya shilling (100)	35.1347	36.5463	(3.9)
New Zealand dollar	12.7146	11.8409	7.4
Singapore dollar	15.3592	16.1495	(4.9)
South African rand	4.0465	3.6537	10.8
Swiss franc	15.9761	16.4453	(2.9)
US dollar	25.8282	28.3038	(8.7)
Pound sterling	40.6817	40.7040	(0.05)
Euro1	25.3349	25.0575	1.1
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 September 1999 to August 2000.
[2] is calculated on the basis of the monthly average exchange rates for the period September 2000 to August 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.