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Message:: [QUOTE="bgarg, post: 1409820, member: 1876"]I will try.... Indian monetary system was based on Silver standards, but for government transactions and for currency exchanges purposes, "gold exchange standard" was defined in 1882 and followed during British period. The Herschell Committee in 1882 specified that the Government Treasuries would receive sovereigns and half-sovereigns of current weight in payment of public dues at the rate of 15 rupees and 7 rupees 8 annas respectively. Later, the same committee issued another notification, No. 2662, which I am copying as is  - "The Governor-General in Council hereby announces that, until further orders, gold coins and gold bullion will be received by the Mint Masters of the Calcutta and Bombay Mints respectively, in exchange for Government rupees, at the rate of 7.53344 grains. troy of fine gold for one rupee" With these details, one can calculate the official exchange rate between rupee and franc. So, A gold 20 franc coin has 0.1867 oz of gold.  20 francs = 0.1867 oz of gold              = 0.1867 * 480 grains of gold              = 89.616 grains of gold               = 89.616 / 7.53344 Rupees              = 11.8957 Rupees  OR 1 Rupee = 20 / 11.8957 Francs                 = 1.6812 Francs The fluctuation you have noticed was because of fluctuation in money exchangers commission in different part of the world. Regards,Ballabh Garg[/QUOTE]