Historical Year Data · 2003

India Real Effective Exchange Rate in 2003

India Real Effective Exchange Rate opened 2003 at 86.97 and closed at 88.56, a +1.83% move for the year. The high of 91.48 was reached on September 1, and the low of 86.97 on January 1.

Open

86.97

2003-01

88.56

12 data points

High

91.48

Sep 1

Low

86.97

Jan 1

Full Year Change

+1.83%

2002 Change

-3.80%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	86.97	86.97	86.97	86.97	+0.00%
Feb	87.53	87.53	87.53	87.53	+0.00%
Mar	88.58	88.58	88.58	88.58	+0.00%
Apr	89.54	89.54	89.54	89.54	+0.00%
May	87.70	87.70	87.70	87.70	+0.00%
Jun	88.21	88.21	88.21	88.21	+0.00%
Jul	89.99	89.99	89.99	89.99	+0.00%
Aug	91.29	91.29	91.29	91.29	+0.00%
Sep	91.48	91.48	91.48	91.48	+0.00%
Oct	90.56	90.56	90.56	90.56	+0.00%
Nov	90.57	90.57	90.57	90.57	+0.00%
Dec	88.56	88.56	88.56	88.56	+0.00%

Events During 2003

1990 Japanese Bubble Collapse

Deflation

January 1990 – 2003

The Nikkei 225 peaked at 38,957 on December 29, 1989, then fell 82% over 13 years. Japan entered its "lost decades" of deflation, zero rates, and structural stagnation that still shapes global markets today.

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