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<p>[QUOTE=&quot;ngazidja, post: 1407159, member: 37195&quot;]Dear All,</p><p><br /></p><p>I&#039;m trying to work out some historic exchange rates and relate them to the coins in use. I&#039;ll take 1907 as a sample year.</p><p><br /></p><p>In East Africa the British colonies were using the Indian rupee and I am assuming this was the same rupee that circulated in India, ie, a silver one rupee coin was approximately 11.5g (I know, they varied from year to year but the difference is not significant for the purposes of my question), .917 silver, so a silver content of 10.5g.</p><p><br /></p><p>In nearby Comoros, the French franc was in use. The silver one franc coin at the time weighed 5.00g, and was .835 silver, so had a silver content of 4.175g.</p><p><br /></p><p>Therefore, based on the value of silver, one rupee would have been worth 2.5 Francs (near enough).</p><p><br /></p><p>However, in the French archives and in official publications, the French government&#039;s exchange rate (for 1907) was cited as Rs 1 = Frs 1.67. This is not an error, I have years of exchange rates, and although they fluctuated a little, it was of the order, 1899, Rs1=1.70, 1905, Rs1=Fr 1.68, etc. It&#039;s never anywhere near 2.5.</p><p><br /></p><p>Can anyone explain this? If I&#039;d been there, I&#039;d have been queueing up to get the French government to change all my francs into rupees <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /> </p><p><br /></p><p>Many thanks.[/QUOTE]</p><p><br /></p>

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