India Real Effective Exchange Rate in 2012
India Real Effective Exchange Rate opened 2012 at 93.72 and closed at 90.74, a -3.18% move for the year. The high of 96.39 was reached on February 1, and the low of 89.55 on June 1.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 93.72 | 93.72 | 93.72 | 93.72 | +0.00% |
| Feb | 96.39 | 96.39 | 96.39 | 96.39 | +0.00% |
| Mar | 95.03 | 95.03 | 95.03 | 95.03 | +0.00% |
| Apr | 93.67 | 93.67 | 93.67 | 93.67 | +0.00% |
| May | 90.49 | 90.49 | 90.49 | 90.49 | +0.00% |
| Jun | 89.55 | 89.55 | 89.55 | 89.55 | +0.00% |
| Jul | 91.37 | 91.37 | 91.37 | 91.37 | +0.00% |
| Aug | 91.11 | 91.11 | 91.11 | 91.11 | +0.00% |
| Sep | 92.01 | 92.01 | 92.01 | 92.01 | +0.00% |
| Oct | 93.74 | 93.74 | 93.74 | 93.74 | +0.00% |
| Nov | 91.29 | 91.29 | 91.29 | 91.29 | +0.00% |
| Dec | 90.74 | 90.74 | 90.74 | 90.74 | +0.00% |
Events During 2012
Greece's debt revelation in October 2009 triggered a multi-year eurozone crisis that threatened the euro's survival. Greece, Ireland, Portugal, Spain, and Italy required emergency support. Mario Draghi's "whatever it takes" in 2012 ended the acute phase.
ECB President Mario Draghi's July 26, 2012 speech in London ended the acute eurozone crisis. The commitment, backed by Outright Monetary Transactions, arrested peripheral yield spikes without buying a single bond.
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