1 Dinar in Indian Rupees
Exchange Rate and Value
The Dinar is the official currency of several countries, including Bahrain, Jordan, Kuwait, and Iraq. Its value varies depending on the country and the exchange rate with other currencies. In this article, we will focus on the exchange rate of 1 Dinar in Indian Rupees (INR).
Current Exchange Rate
As of the current market rates, the exchange rate of 1 Bahraini Dinar (BHD) in Indian Rupees (INR) is:
1 BHD = approximately 175-180 INR
Please note that the exchange rate may fluctuate based on market conditions and other economic factors.
Historical Exchange Rate
The exchange rate of 1 Dinar in Indian Rupees has seen significant changes over the years. In the past, the exchange rate was around 120-130 INR per 1 BHD. However, due to economic changes and alterations in currency values, the rate has increased to its current value.
Why is the Dinar Stronger than the INR?
The Bahraini Dinar is pegged to the US Dollar (USD) at a fixed rate of 1 USD = 0.376 BHD. This means that the value of the Dinar is directly tied to the value of the USD. The Indian Rupee, on the other hand, is a free-floating currency, which means its value is determined by market forces of supply and demand.
The stronger economy and higher oil reserves of Bahrain have contributed to the stability and strength of the Dinar, making it a more valuable currency compared to the Indian Rupee.
Conclusion
In conclusion, 1 Dinar is equivalent to approximately 175-180 Indian Rupees. The exchange rate may fluctuate based on market conditions, but the Dinar's strength is attributed to its peg to the US Dollar and Bahrain's strong economy.
