Today's AED to INR Rate: 1 AED = 22.76 INR

Understanding AED to INR

The United Arab Emirates Dirham (AED), referred to as the Emirati Dirham, serves as the UAE's official currency. It breaks down into 100 fils and is symbolized by 'AED' or 'DH', overseen by the UAE's Central Bank.

The AED maintains a fixed peg to the US Dollar at 1 USD = 3.6725 AED. Primarily used within the UAE and GCC countries, it comes in banknotes of 5, 10, 20, 50, 100, 200, 500, and 1000 AED, while coins range from 1, 5, 10, 25, 50 fils to 1 dirham.

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

• 21-June-24: 22.76
• 20-June-24: 22.77
• 19-June-24: 22.73
• 18-June-24: 22.70
• 17-June-24: 22.73
• 16-June-24: 22.75
• 15-June-24: 22.75
• 14-June-24: 22.75
• 13-June-24: 22.75
• 12-June-24: 22.72

History of the AED

The UAE Dirham (AED) was adopted in 1973, taking over from the Qatar and Dubai Riyal. Originally pegged to the British Pound at 1 AED = 0.1 GBP, this changed to 1 USD = 3.6725 AED in 1978, a rate that stands firm today.

Initial coins were minted by the Royal Mint in the UK, with banknotes printed by the British American Bank Note Company until 1980 when the UAE's Central Bank assumed production. The 2000s saw new banknotes with updated security features, now available in 5 to 1000 AED denominations.

Significance of AED for Businesses and Individuals in the UAE

• Exchange Rate Awareness: Crucial for managing currency risk and making informed financial decisions.
• Monetary Policies: Awareness of Central Bank policies aids in investment and financial strategies.
• Compliance: Adhering to financial laws ensures legal transactions.
• Personal Finance: Knowledge of AED assists in budgeting, investments, and savings management.

Understanding the AED's Exchange Rate

The exchange rate defines a currency's value relative to another. The AED's peg to the USD at 1 USD = 3.6725 AED offers stability, maintained by the Central Bank through currency interventions to ensure a steady AED value.

Factors Influencing the AED's Exchange Rate

• Economic Conditions: Factors like inflation, GDP growth, and unemployment rates.
• Interest Rates: Central Bank policies influencing foreign investments.
• Political Stability: Political climate impacts investor confidence.
• Oil Prices: As an oil producer, price variations affect the AED.
• Foreign Exchange Reserves: Higher reserves contribute to stability.
• International Events: Global occurrences can sway investor sentiment and economic scenarios.

Best Practices for AED Transactions

• Stay updated with exchange rates and transaction caps.
• Engage certified financial entities for currency exchanges.
• Prefer AED payments to avoid hidden charges.
• Ensure compliance with local customs during transactions.
• Keep abreast of financial transaction laws in the UAE.

By adhering to these practices, individuals and enterprises can manage AED transactions efficiently while upholding financial compliance.

*[RBI]: Reserve Bank of India *[KWD]: Kuwaiti Dinar *[INR]: Indian Rupee *[SGD]: Singapore Dollar *[MAS]: Monetary Authority of Singapore