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1. For which year, the percent increase of foreign exchange reserves over the previous year, is the highest?





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  • By: guest on 01 Jun 2017 11.13 pm
    There is an increase in foreign exchange reserves during the years 1992 - 1993, 1994 - 1995, 1996 - 1997, 1997 - 1998 as compared to previous year (as shown by bar-graph). The percentage increase in reserves during these years compared to previous year are: For 1992 - 1993 = (3720 - 2640) x 100 % = 40.91%. 2640 For 1994 - 1995 = (3360 - 2520) x 100 % = 33.33%. 2520 For 1996 - 1997 = (4320 - 3120) x 100 % = 38.46%. 3120 For 1997 - 1998 = (5040 - 4320) x 100 % = 16.67%. 4320 Clearly, the percentage increase over previous year is highest for 1992 - 1993.
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