Difference between Dollar and Rupee

 

Key Difference: Dollar is a currency that is used in many western countries and is represented by the ‘$’ sign. Dollar is the common currency of countries such as Australia, Belize, Canada, Hong Kong, Namibia, New Zealand, Singapore, Taiwan, Zimbabwe, Brunei and the United States. Rupee is a currency that is used in many eastern countries and is recently represented by the  INR sign; it was originally represented by placing Re or Rs in front of the denomination. The Rupee is represents the currencies of India, Pakistan, Sri Lanka, Nepal, Mauritius, Seychelles, Maldives, and formerly those of Burma and Afghanistan.

 

Dollar and Rupee are two different currencies that are used around the world. Dollar differs from Rupee in terms of worth. Many different countries use different currencies that are created to determine the value of a piece of paper. This paper is backed by the government. Various governments issue money depending on the country’s net worth. However, with the increase in spending power, many countries are going into debt.

 

Dollar is a currency that is used in many western countries and is represented by the ‘$’ sign. Dollar is the common currency of countries such as Australia, Belize, Canada, Hong Kong, Namibia, New Zealand, Singapore, Taiwan, Zimbabwe, Brunei and the United States. One dollar is usually worth 100 cents. The term ‘dollar’ comes from Bohemia during the 1520, when the country started minting coins from silver in Joachimsthal. The coin was called ‘Joachimsthaler’, which was shortened to thaler or taler. This was further incorporated into many different languages and was adapted in English as ‘dollar’ from the Dutch ‘daler’. The United States adopted dollars following the American Revolution, when Spanish dollars had gained quite significance in the country’s trade. The dollar sign has developed from the sign for the Spanish peso, which was marked as p^s, which was later developed by writing the S over the p, which created a symbol similar to $ and this was then incorporated as the official symbol of the currency.

 

Rupee is a currency that is used in many eastern countries and is recently represented by the INR sign; it was originally represented by placing Re or Rs in front of the denomination. The Rupee is represents the currencies of India, Pakistan, Sri Lanka, Nepal, Mauritius, Seychelles, Maldives, and formerly those of Burma and Afghanistan. Rupees is also known as ‘rupiyah’ in many countries. The first ‘rupee’ was a silver coin introduced by 16th century Sher Shah Suri, founder of the Sur Empire of Northern India. The term ‘rupiyah’ is derived from the Sanskrit word ‘rupiya’, meaning silver coin. A Rupee is equivalent to 100 paisa. The new sign for the Indian Rupee is a combination of the Devangari letter ‘Ra’ and the English capital letter ‘R’.

 

The different currencies of each country are worth different when compared to the other currencies. For example: one dollar of US is different than one dollar of Australia. Similarly, one rupee of India is different from one rupee of Pakistan. These constantly change depending on the market value of the money. Hence, it would be wrong to assume that one dollar would also equal x amount of rupees.

 

Image Courtesy: stephansmithfx.com

Image Courtesy: indianexpress.com

Top 10 Most Searched Differences Most Searched in Business and Finance
Most Searched in Beauty and Style Most Searched in Entertainment and Music
Cake vs Brownie
Nail Polish vs Gel
White vs Caucasian
Left Brain vs Right Brain

Comments

I think. No different rupees and dollars,
Because rupees is India. Pakistan. Sri Lanka. etc currency and dollar is Australia. Canada. honk Kong. etc currency..............

Add new comment

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.