AED to INR: Convert United Arab Emirates Dirham to Indian Rupee

With a large population of NRIs in the UAE, it becomes essential that we address the currency exchange rates and remittances from UAE to India. Especially in the present times with the effects of COVID-19, many NRIs from the UAE are planning to return to India. One thing or the other, all of it is enhancing the remittances received in India from UAE for various factors. Some NRIs there are sending money to carry out investments in real estate for a proper retirement post their return in India while others are just sending in family maintenance. This uncertainty has peaked the interest in the AED to INR conversion trends. Let’s explore the same in this article.

AED to INR: Convert United Arab Emirates Dirham to Indian Rupee
AED to INR: Convert United Arab Emirates Dirham to Indian Rupee

AED to INR Conversion Rate Today

1 AED = 20.32 INR

1 INR = 0.05 AED

AED to INR Weekly Trend

DateAED to INR
21/10/202020.04 INR
22/10/202020.06 INR
23/10/202020.10 INR
24/10/202020.10 INR
25/10/202020.10 INR
26/10/202020.19 INR
27/10/202020.12 INR
AED to INR Weekly Trend

United Arab Dirham VS Indian Rupee Trend: September 2020

September 2020AED to INR
1st September19.96 INR
30th September20.07 INR
Highest Rate20.10 INR (25th September)
Lowest Rate19.90 INR (2nd September)
PerformanceRising
% Change+0.56%
United Arab Dirham VS Indian Rupee Trend: AED to INR (September 2020)
Finding the Cheapest way to Remit Money to India

The Factors effecting Exchange Rate

Converting one currency to another involves multiple factors that affect these exchange rates. The Forex market is the largest market in the world and the trade of currencies happens almost all the time. The exchange rate of the currencies is impacted by external factors like inflation, which refers to the rates at which the general price of goods and services increase in a country. The lowering of inflation is a healthy sign for the economy of the country resulting in the appreciation of the currency.

There are a lot of other factors that affect the rate of exchange such as interest rates, balance of payments, supply of money, etc. The economic, social and political conditions of a country defines how strong or weak its currency will be. With the positives falling in one place, the value of the currency rises and it becomes preferred by investors globally. The more the country exports its goods and services the more the currency strengthens. The balancing of imports with exports is a very essential factor to determine the strength and value of the currency.

These factors are very volatile and these exchange rates fluctuate every day. But worry not! We at SBNRI, trace these changes on a regular basis to help you with your investments and remittances. Connect to our experts using the button below to get advisory on choosing the best time to remit money to India capitalizing on the best exchange rates for United Arab Emirates Dirham to Indian Rupee. Also, visit our blog and youtube channel for more details.

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