Have you just returned from United Arab Emirates and have some unused United Arab Emirates Dirhams to convert? Procrastinating the sale of Dirhams could result in depleting value of your rupee. You may want to save Dirhams as a memory from
Dubai , however make sure to convert the rest of AED to INR at the earliest to avoid making any losses. Find the live rate of AED to INR today.
Want to know the value of 1 AED to INR?
Head straight to our
online converter and find the on-going Dubai currency to INR exchange rate. This online tool is designed to simplify the process of forex calculation and frees you from the mental math that goes behind Dirham to Rupees conversion. Have you used our
online currency conversion tool yet?
AED to INR
You may want to save Dirhams as a memory from Dubai, however, make sure to convert the rest of AED to INR at the earliest to avoid making any losses. Find the live rate of AED to INR today.
Head straight to our online converter and find the on-going Dubai currency to the INR exchange rate. This online tool is designed to simplify the process of forex calculation and frees you from the mental math that goes behind Dirham to Rupees conversion.
Our consistent performance and best forex prices have strengthened our position in the international market. Travelers from across the world trust us for all their travel and foreign exchange requirements, it’s time you do too.
Importance of the AED
AED is the full form of the Arab Emirates Dirham which is the official currency of UAE, the United Arab Emirates. It is one of the most popular currencies in the world economic scenario and is also a highly valued currency. As of now,
AED is pegged to the US Dollar at 3.6725 AED/USD. The essence of the AED's high value is based on its export market of natural gas and oil. UAE is also a significant part of the OPEC (Organisation of the Petroleum Exporting Countries) and the WTO (World Trade Organisation). Currently, AED is ranked as one of the fastest-growing currencies in the world economy.
Introduction of the AED
AED, the United Arab Emirates Dirham, was introduced in the UAE in 1973. Prior to AED, the country used the Gulf rupee and Indian rupee for its monetary transactions until 1966. Later on, Qatar-Dubai Currency Board introduced Qatar-Dubai-
Riyal (QDR). However, in 1973, the board was disbanded and UAE announced its currency, AED. In 1997, AED was pegged to the
USD at the rate of 3.6725 AED/USD.
The Central Bank of the United Arab Emirates is responsible for publishing banknotes and looking after the country's monetary system. Currently, UAE has banknotes in the denominations of 5, 10, 20, 50, 100, 200, 500, and 1000 Dirhams.1 Dirhams is equal to 100 fils. Also, there are coins in the denominations of 1, 25, and 50 fils. The obverse side of the banknotes has the national emblem of UAE which is a golden falcon surrounded by 7 stars that represent each of the 7 Emirates.
Factors that affect the exchange of the AED to INR
The
exchange rate of a country indicates a lot about the economic structure of the particular country. The exchange rate is nothing but the rate at which one currency is converted into another. AED is pegged to the US Dollar so the value of AED against the USD will not change or fluctuate. However, for other currencies like INR, the rate of AED fluctuates depending on several Factors. The current AED-INR rate is 22.29 INR/AED.
Factors like international oil prices, the economic and political stability of both countries, the international commodities market, the rate of inflation and interest rates of banks, etc. impact the exchange rate of INR to AED and vice-versa. Both INR and AED are also seen trading together at several world economic junctures.
Convert AED to INR Online as per Today’s Conversion Rate
The rate of conversion is subject to change every other day depending on the factors that affect the rate. As of today, the rate of AED/INR is 22.29 INR per AED. This means you need to pay 22.29 INR in order to get back 1 Dirham from UAE. Let's see an illustration for a better understanding:
Ravi, an employee of a multinational company, is planning for his Dubai tour with his wife and family. For his trip, he is planning to get AED currency in return for this INR currency. So, Ravi wants to make use of the online currency converter to know the lump sum INR he will need. So, 1 AED=22.29 INR and he needs 10,000 AED. So, Ravi will need INR 2, 22,290 to get AED 10,000 in return.
Convert AED to INR
Converting AED to INR or vice-versa is mandatory if you are willing to travel to either of the country or for the purpose of trade or business. You can make use of the currency converter . It is an online tool that is well-designed and functional for all those people who quickly want to know the amount of currency they need to get any other international currency. All you have to do is enter the inputs and the online tool will present you with a quick result. It gives you quick insight so you can make informed decisions about your plans. Today's AED/INR rate is 22.29 INR/AED, so the exchange rates will be as follows:
1 AED= 22.29 INR
100 AED= 2,229 INR
1000 AED= 22,290 INR, and
1 INR= 0.044 AED
100 INR= 4.48 AED
1000 INR= 44.86 AED.
How are AED-INR Rates Determined?
The value of AED has been pegged to the US Dollar since 1997 at a fixed rate of 3.6725 AED/USD. However, if seen in the context of AED-INR exchange rates, the rates are subject to change since these two currencies aren't pegged to each other. The central banks of both countries are liable to manage the monetary aspect and are also responsible to determine the exchange rates. The Reserve Bank of India is the central bank of India and for UAE it is The Central Bank of the United Arab Emirates.
AED and INR Overview
India and UAE have been trading partners for decades and it is not surprising to see this relationship grow in the geopolitics and world economy. India is also the second largest trading partner of the UAE. As UAE is one of the leading crude oil exporters, India is also one of its major markets. Hence, the relationship between AED-INR is also quite interesting.
Dubai also has a history of the Indian Rupee before the introduction of the Riyal and finally Dirham. Currently, Dirham is fixed to the USD and has an exchange rate of 22.29 (INR/AED) with INR. In order to better understand the exchange rate prior to making any currency conversion, it is highly suggested to make use of the online tool, currency converter.
Why Thomas Cook? < br>
Thomas Cook not only lets you buy
forex online , but also allows you to convert Dubai currency to INR, once you are back from your UAE trip. Our experts are constantly working towards offering the best deals on hotel bookings, flight tickets, and conversion of AED to INR.
How can you covert Dubai currency to INR online?
To
sell forex online , log on to the Thomas Cook website, enter the required details and seamlessly convert AED to INR with just a few taps.
Our consistent performance and best forex prices have strengthened our position in the international market. Travelers from across the world trust us for all their travel and foreign exchange requirements, it’s time you do too.
What are you waiting for? Convert AED to INR and get the maximum value of your rupee today. Speak to our forex experts and partner with Thomas Cook to experience a seamless digital foreign exchange conversion.
