1 AED Currency in Indian Rupees
Introduction
The United Arab Emirates Dirham (AED) is the official currency of the United Arab Emirates (UAE). India, being a major trading partner with the UAE, has a significant exchange of goods and services between the two countries. In this article, we will discuss the value of 1 AED in Indian Rupees (INR).
Exchange Rate
The exchange rate between AED and INR is subject to fluctuations due to various economic and market factors. As of the current date, the exchange rate is approximately:
1 AED = 20.47 INR
Please note that the exchange rate may vary depending on the current market conditions and other factors.
History of AED to INR Exchange Rate
The exchange rate between AED and INR has been trending upwards over the past few years. In 2015, the exchange rate was around 1 AED = 17.50 INR. By 2020, it had increased to around 1 AED = 20.00 INR. The current exchange rate is around 1 AED = 20.47 INR.
Factors Affecting AED to INR Exchange Rate
Several factors affect the exchange rate between AED and INR, including:
- Economic indicators: GDP growth rates, inflation rates, and interest rates of both countries.
- Trade relationships: The volume of trade between the UAE and India, including exports and imports.
- Political stability: Political stability and unrest in both countries can impact the exchange rate.
- Oil prices: The United Arab Emirates is a major oil producer, and changes in oil prices can affect the AED exchange rate.
Conclusion
In conclusion, the value of 1 AED in Indian Rupees is approximately 20.47 INR, subject to fluctuations based on various market and economic factors. The exchange rate has been trending upwards over the past few years, and it is essential to stay updated on the current exchange rates for individuals and businesses involved in international trade between the UAE and India.
