This is different than an annual measure that denotes concrete values as of the end of the year.ĮstablishmentThe euro, which was established in 1992, introduced in non-physical form in 1999 and finally rolled out in 2002, is used by 19 of the 27 member states of the European Union. The average, or standardized, measure is based on many observations throughout the period in question. As of Jone euro was worth 89.72 Indian rupees. This according to a comparison between average monthly and daily exchange rates. One euro in 2022 was worth less Indian rupees than in 2021, with exchange rates reaching values close to 2018 or 2019.
