1 United Arab Emirates Coin in Indian Rupees
Introduction
The United Arab Emirates (UAE) and India have a strong economic relationship, with a significant amount of trade and investment flowing between the two countries. As a result, it's not uncommon for individuals and businesses to need to convert between the UAE's currency, the Dirham (AED), and the Indian Rupee (INR). In this article, we'll explore the value of 1 UAE coin in Indian Rupees.
The UAE Dirham
The UAE Dirham is the official currency of the United Arab Emirates. It's subdivided into 100 fils, and coins come in denominations of 1, 5, 10, 25, and 50 fils, as well as 1 Dirham. The Dirham is pegged to the US Dollar, with a fixed exchange rate of 1 USD = 3.67 AED.
The Indian Rupee
The Indian Rupee is the official currency of India. It's subdivided into 100 paise, although paise are no longer in circulation. Coins come in denominations of 1, 2, 5, and 10 Rupees, while banknotes come in denominations of 2, 5, 10, 20, 50, 100, 200, 500, and 2000 Rupees.
Exchange Rate
The exchange rate between the UAE Dirham and the Indian Rupee can fluctuate constantly, but as of the current date, the exchange rate is approximately:
1 AED = 19.35 INR
Value of 1 UAE Coin in Indian Rupees
Using the current exchange rate, we can calculate the value of 1 UAE coin in Indian Rupees as follows:
1 AED = 19.35 INR
Since 1 UAE coin is equivalent to 1 AED, we can say that:
1 UAE Coin = 19.35 INR
Conclusion
In conclusion, the value of 1 UAE coin in Indian Rupees is approximately 19.35 INR, based on the current exchange rate. This information is useful for individuals and businesses that need to convert between the two currencies, whether for travel, trade, or investment purposes.
