1 AED to INR in Year 2003
Exchange Rate in 2003
In 2003, the exchange rate between the United Arab Emirates Dirham (AED) and the Indian Rupee (INR) was around 1 AED = 12.45 INR. This exchange rate was relatively stable throughout the year, with some minor fluctuations.
Economic Conditions in 2003
In 2003, the global economy was still recovering from the dot-com bubble burst in 2000. The United Arab Emirates, being a major oil-producing country, was affected by the fluctuations in oil prices. India, on the other hand, was experiencing rapid economic growth, driven by its burgeoning IT industry and strong domestic demand.
AED to INR Exchange Rate Historical Data
Here is a rough estimate of the exchange rate between AED and INR in 2003:
| Month | 1 AED = INR |
|---|---|
| January 2003 | 12.42 |
| February 2003 | 12.45 |
| March 2003 | 12.48 |
| April 2003 | 12.51 |
| May 2003 | 12.55 |
| June 2003 | 12.60 |
| July 2003 | 12.63 |
| August 2003 | 12.65 |
| September 2003 | 12.68 |
| October 2003 | 12.71 |
| November 2003 | 12.74 |
| December 2003 | 12.77 |
Conclusion
In 2003, the exchange rate between AED and INR was relatively stable, with the UAE Dirham holding its value against the Indian Rupee. The economic conditions in both countries were driven by global events and domestic factors, which had a minor impact on the exchange rate. This historical data can be useful for individuals and businesses looking to understand the exchange rate fluctuations between these two currencies.
