![]() ![]() However, exchange rates are subject to change on a daily basis, so it’s important to stay updated on the latest rates. As of March 28th, 2023, the exchange rate of 50 Euro Cent in Indian Rupees is around 46.87 INR. Knowing the exchange rate of different currencies is important when traveling or conducting international business. International Trade: International trade plays a crucial role in currency exchange rates, as demand for a country’s goods and services can affect the value of its currency. Inflation Rates: Countries with higher inflation rates tend to have weaker currencies, as the value of their currency decreases.Political Stability: Political stability and government policies can have a significant impact on the value of a country’s currency.Economic Stability: Countries with stable economies tend to have stronger currencies, while those with unstable economies tend to have weaker currencies. ![]() The exchange rate of one currency to another is determined by several factors, including: Factors Affecting Currency Exchange Rates ![]()
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