2011 AED to INR: Exchange Rate and Conversion
Introduction
The United Arab Emirates Dirham (AED) and the Indian Rupee (INR) are two currencies that are widely used in international trade and commerce. In 2011, the exchange rate between AED and INR was an important factor in determining the value of transactions between the two countries. In this article, we will explore the exchange rate and conversion of AED to INR in 2011.
Exchange Rate in 2011
In 2011, the exchange rate between AED and INR was fluctuating due to various economic factors. According to the historical data, the exchange rate for AED to INR in 2011 was as follows:
- January 2011: 1 AED = 18.23 INR
- June 2011: 1 AED = 17.53 INR
- December 2011: 1 AED = 18.51 INR
As shown above, the exchange rate was highest in January 2011 and lowest in June 2011.
Conversion of AED to INR in 2011
To convert AED to INR in 2011, you can use the following conversion rates:
- 100 AED = 1,823 INR (January 2011)
- 100 AED = 1,753 INR (June 2011)
- 100 AED = 1,851 INR (December 2011)
For example, if you want to convert 500 AED to INR in January 2011, the conversion would be:
500 AED x 18.23 INR/AED = 9,115 INR
Factors Affecting the Exchange Rate
Several factors can affect the exchange rate between AED and INR, including:
- Economic indicators: GDP growth rate, inflation rate, and employment rate can influence the exchange rate.
- Monetary policy: Central banks' decisions on interest rates and money supply can impact the exchange rate.
- Trade and investment: Trade agreements, tariffs, and foreign investment can affect the exchange rate.
- Geopolitical events: Political instability, wars, and natural disasters can influence the exchange rate.
Conclusion
The exchange rate between AED and INR in 2011 was affected by various economic and geopolitical factors. Understanding the exchange rate and conversion of AED to INR can help individuals and businesses involved in international trade and commerce to make informed decisions.
Note: The exchange rates mentioned above are historical rates and may not reflect the current exchange rate. Please check the current exchange rate before making any transactions.
