1 Lakh Indian Rupee to AED: Exchange Rate and Conversion
Are you planning a trip to the United Arab Emirates (UAE) from India and want to know how much 1 lakh Indian Rupee (INR) is worth in UAE Dirham (AED)? Or perhaps you're an investor looking to exchange your Indian Rupees for Dirhams? Whatever the reason, this article will provide you with the current exchange rate and conversion details.
Current Exchange Rate
As of the current date, the exchange rate between the Indian Rupee (INR) and the UAE Dirham (AED) is:
1 INR = 0.048 AED
So, if you want to convert 1 lakh INR to AED, you can multiply the exchange rate by 100,000:
100,000 INR = 4,800 AED
How to Convert INR to AED
There are several ways to convert Indian Rupees to UAE Dirhams, including:
- Banks: You can exchange your Indian Rupees for UAE Dirhams at a bank that offers foreign currency exchange services. Be sure to check the exchange rates and fees before making the conversion.
- Currency Exchange Offices: Specialized currency exchange offices, such as UAE Exchange and Al Ansari Exchange, offer competitive exchange rates and convenient locations.
- Online Currency Exchange Services: Online services, like Xoom and TransferWise, allow you to convert and transfer funds online, often with lower fees and competitive exchange rates.
- ATMs: You can also withdraw UAE Dirhams from an ATM using your Indian Rupee debit or credit card. However, be aware that you may be charged a foreign transaction fee and a conversion fee.
Tips and Reminders
- Check the exchange rate: Before converting your Indian Rupees, check the current exchange rate to ensure you're getting the best deal.
- Compare fees: Research and compare the fees charged by different service providers to minimize your costs.
- Use a credit or debit card with no foreign transaction fee: If you plan to use your card for international transactions, consider getting one with no foreign transaction fee.
In conclusion, 1 lakh Indian Rupee is approximately equal to 4,800 UAE Dirhams, based on the current exchange rate. By understanding the exchange rate and conversion process, you can make informed decisions when exchanging your Indian Rupees for UAE Dirhams.
