AED to INR Exchange Rate - Emirates Dirham to Indian Rupee Conversion

AED to INR Exchange Rate - Emirates Dirham to Indian Rupee Conversion

Jun 22, 2024

15 Mins

Today's AED Price to Indian Rupee: 1 AED = 22.76 INR

Understanding AED to INR

The United Arab Emirates Dirham (AED), also known as the Emirati Dirham, is the official currency of the UAE. It is subdivided into 100 fils and represented by the symbols 'AED' or 'DH'. The Central Bank of the UAE regulates and issues this currency.

The AED is pegged to the US Dollar at a fixed rate of 1 USD = 3.6725 AED. It is used within the UAE and other Gulf Cooperation Council (GCC) countries. AED banknotes come in denominations of 5, 10, 20, 50, 100, 200, 500, and 1000 AED. Coins are available in denominations of 1, 5, 10, 25, and 50 fils, as well as 1 dirham.

Currency Exchange Rate (AED to INR) - Last 10 Days

Date1 AED to INR21-June-2422.7620-June-2422.7719-June-2422.7318-June-2422.7017-June-2422.7316-June-2422.7515-June-2422.7514-June-2422.7513-June-2422.7512-June-2422.72

History of the AED

The UAE Dirham (AED) was introduced in 1973, replacing the Qatar and Dubai Riyal as the official currency of the UAE. Initially pegged to the British Pound Sterling at 1 AED = 0.1 GBP, the peg was changed in 1978 to the US Dollar at 1 USD = 3.6725 AED. This exchange rate has remained constant.

Initially, AED coins were minted by the Royal Mint in the UK, and banknotes were printed by the British American Bank Note Company. The Central Bank of the UAE took over production in 1980. A new series of banknotes with enhanced security features and designs was introduced in the 2000s, currently circulating in denominations of 5, 10, 20, 50, 100, 200, 500, and 1000 AED.

Significance of AED for Businesses and Individuals Operating in the UAE

Understanding the AED is crucial for individuals and businesses in the UAE. Key points include:

  • Exchange Rate Awareness: Vital for managing currency risk and making informed financial decisions.

  • Monetary Policies: Staying informed about Central Bank policies impacts investment and financial planning.

  • Compliance: Adhering to local financial laws and regulations ensures lawful transactions.

  • Personal Finance: Knowledge of the AED aids in budgeting, investments, and savings management.

Understanding the AED's Exchange Rate

The exchange rate determines the value of one currency against another. For the AED, pegged to the US Dollar at 1 USD = 3.6725 AED, this provides stability and predictability for businesses and individuals. The Central Bank maintains this rate through currency interventions, ensuring the AED's value remains stable.

Factors Influencing the AED's Exchange Rate

Several factors affect the AED's exchange rate:

  • Economic Conditions: Indicators like inflation, GDP growth, and unemployment rates.

  • Interest Rates: Central Bank's policies can attract or deter foreign investment.

  • Political Stability: Political climate influences investor confidence.

  • Oil Prices: As a major oil producer, oil price fluctuations impact the AED's value.

  • Foreign Exchange Reserves: Higher reserves contribute to a stable exchange rate.

  • International Events: Global events can affect investor sentiment and economic conditions.

Best Practices for AED Transactions

To ensure smooth financial operations when conducting AED transactions:

  • Familiarize yourself with exchange rates and transaction limits.

  • Use certified financial institutions for currency exchange.

  • Opt for payments in AED to avoid unforeseen fees.

  • Comply with local customs regulations during transactions.

  • Stay informed about local laws and regulations governing financial transactions in the UAE.

By following these best practices, individuals and businesses can navigate AED transactions effectively and maintain financial compliance.

Today's AED Price to Indian Rupee: 1 AED = 22.76 INR

Understanding AED to INR

The United Arab Emirates Dirham (AED), also known as the Emirati Dirham, is the official currency of the UAE. It is subdivided into 100 fils and represented by the symbols 'AED' or 'DH'. The Central Bank of the UAE regulates and issues this currency.

The AED is pegged to the US Dollar at a fixed rate of 1 USD = 3.6725 AED. It is used within the UAE and other Gulf Cooperation Council (GCC) countries. AED banknotes come in denominations of 5, 10, 20, 50, 100, 200, 500, and 1000 AED. Coins are available in denominations of 1, 5, 10, 25, and 50 fils, as well as 1 dirham.

Currency Exchange Rate (AED to INR) - Last 10 Days

Date1 AED to INR21-June-2422.7620-June-2422.7719-June-2422.7318-June-2422.7017-June-2422.7316-June-2422.7515-June-2422.7514-June-2422.7513-June-2422.7512-June-2422.72

History of the AED

The UAE Dirham (AED) was introduced in 1973, replacing the Qatar and Dubai Riyal as the official currency of the UAE. Initially pegged to the British Pound Sterling at 1 AED = 0.1 GBP, the peg was changed in 1978 to the US Dollar at 1 USD = 3.6725 AED. This exchange rate has remained constant.

Initially, AED coins were minted by the Royal Mint in the UK, and banknotes were printed by the British American Bank Note Company. The Central Bank of the UAE took over production in 1980. A new series of banknotes with enhanced security features and designs was introduced in the 2000s, currently circulating in denominations of 5, 10, 20, 50, 100, 200, 500, and 1000 AED.

Significance of AED for Businesses and Individuals Operating in the UAE

Understanding the AED is crucial for individuals and businesses in the UAE. Key points include:

  • Exchange Rate Awareness: Vital for managing currency risk and making informed financial decisions.

  • Monetary Policies: Staying informed about Central Bank policies impacts investment and financial planning.

  • Compliance: Adhering to local financial laws and regulations ensures lawful transactions.

  • Personal Finance: Knowledge of the AED aids in budgeting, investments, and savings management.

Understanding the AED's Exchange Rate

The exchange rate determines the value of one currency against another. For the AED, pegged to the US Dollar at 1 USD = 3.6725 AED, this provides stability and predictability for businesses and individuals. The Central Bank maintains this rate through currency interventions, ensuring the AED's value remains stable.

Factors Influencing the AED's Exchange Rate

Several factors affect the AED's exchange rate:

  • Economic Conditions: Indicators like inflation, GDP growth, and unemployment rates.

  • Interest Rates: Central Bank's policies can attract or deter foreign investment.

  • Political Stability: Political climate influences investor confidence.

  • Oil Prices: As a major oil producer, oil price fluctuations impact the AED's value.

  • Foreign Exchange Reserves: Higher reserves contribute to a stable exchange rate.

  • International Events: Global events can affect investor sentiment and economic conditions.

Best Practices for AED Transactions

To ensure smooth financial operations when conducting AED transactions:

  • Familiarize yourself with exchange rates and transaction limits.

  • Use certified financial institutions for currency exchange.

  • Opt for payments in AED to avoid unforeseen fees.

  • Comply with local customs regulations during transactions.

  • Stay informed about local laws and regulations governing financial transactions in the UAE.

By following these best practices, individuals and businesses can navigate AED transactions effectively and maintain financial compliance.

Download App

Explore More

Managing assets totalling over 1 crore+