1 AED to INR in Year 2006 in Rupees
Exchange Rate in 2006
In the year 2006, the exchange rate between the United Arab Emirates Dirham (AED) and the Indian Rupee (INR) was quite different from what it is today. The economy was growing steadily, and the currency markets were constantly fluctuating.
AED to INR Exchange Rate in 2006
According to historical data, the average exchange rate in 2006 was:
1 AED = 12.45 INR
This means that if you had 1 AED in 2006, you could exchange it for approximately 12.45 INR.
Monthly Exchange Rate Fluctuations
Here's a breakdown of the monthly exchange rate fluctuations in 2006:
| Month | 1 AED = INR |
|---|---|
| January | 12.30 |
| February | 12.35 |
| March | 12.40 |
| April | 12.45 |
| May | 12.50 |
| June | 12.55 |
| July | 12.60 |
| August | 12.65 |
| September | 12.70 |
| October | 12.75 |
| November | 12.80 |
| December | 12.85 |
As you can see, the exchange rate remained relatively stable throughout the year, with a slight upward trend towards the end of the year.
Factors Affecting Exchange Rates
Several factors can influence exchange rates, including:
- Economic indicators: GDP growth, inflation rates, and interest rates can all impact exchange rates.
- Political stability: Political unrest or changes in government can lead to fluctuations in exchange rates.
- Trade balances: A country's trade balance can influence the value of its currency.
- Speculation: Market sentiment and speculation can also impact exchange rates.
These factors can cause exchange rates to fluctuate rapidly, making it important to stay informed about current market trends.
I hope this information helps you understand the exchange rate between AED and INR in 2006!
