A look at the AED to INR historical exchange rates
History of Dirham
The UAE Dirham is the currency of UAE. It was first introduced on 19 May 1973. It replaced the Qatar and Dubai riyal. Since 1966, most of the areas used Qatar and Dubai Riyal while Abu Dhabi used the Bahraini Dinar. All the emirates that formed the UAE used Gulf Rupee before 1996.
The Economy of the UAE
The economy of the UAE is one of the largest in the region. Apart from oil wealth, the country has managed to embark on other diversification as well. 29% of GDP is based on oil even today. There are many emirates that are still dependent on the petroleum industry. Many Tourism, on the other hand, is yet another important part of the country beyond the oil wealth. There are a large number of luxury hotels and resorts especially in Dubai that caters the needs of western visitors. Apart from tourism, manufacturing and constructions have also become important facets of the economy.
AED to INR Exchange
A lot of people visit UAE and thus AED to INR is quite a popular exchange rate. People travel to UAE for business as well for their honeymoon. There are many who love to spend their New Year’s Eve in Dubai. With all these things, there are a lot of activities that one can take part in the UAE. People exchange AED to INR before leaving for the trip and make it financially hassle free. With people frequently traveling to the UAE, we can see a lot of AED to INR or INR to AED currency exchange.
1 AED to INR Exchange Rates (2008-2018)
| Year | 1 AED to INR | Year | 1 AED to INR |
|---|---|---|---|
| 2008 | 13.18 | 2009 | 12.70 |
| 2010 | 12.25 | 2011 | 14.44 |
| 2012 | 14.73 | 2013 | 16.88 |
| 2014 | 17.32 | 2015 | 17.99 |
| 2016 | 18.45 | 2017 | 17.44 |
| 2018 | 19.22 |
- Source: investing.com
- xe.com
Historical Exchange Rates: Dirham to Indian Rupees
- Source: xe.com
Buy or Sell UAE Dirham with BookMyForex.com
There are a lot of people who have already given final touches to their plans of a foreign trip to the United Arab Emirates. They have made every arrangement required and even packed their bags, but most of them have conveniently forgotten the most important part of the trip. Foreign currency exchange is one of the most important things about a foreign trip. People convert INR to AED before leaving for the trip. You can get that easily done online at the best available rates. There is a foreign exchange marketplace online that allows you to exchange foreign currency from the comfort of your home.
Related Post: AED to INR Forecast for 2020
BookMyForex is World’s first e-commerce website that allows you to make foreign exchange transactions efficiently and in a way which is hassle-free and not at all cumbersome. BookMyForex updates their UAE Dirham to Rupee rates on a second to the second basis and the rates are live to the last second. The rates are extremely competitive and up to 5% better than most banks’ rates. So save yourself from unnecessary spending and go on a budgeted trip instead.
Must Read: 1 AUD to INR in 1966 till 2018, Historical Exchange Rates Explained
You can get the best rates with BookMyforex.com. People are often confused about choosing the perfect time to make the transaction due to the constant fluctuation in the foreign exchange rates. BookMyForex offers a special service to “Freeze the rates”. Under this service, you can fix the transaction at the live Dirham rate. You will have to pay 2 % advance to block the rate. Then within 3 days you will have to complete your transaction and pay the full amount. Your 2% advance will be refunded as soon as you complete your transaction. BookMyForex also provides a Door Delivery service with which you can now convert Dirham to Rupees at your doorstep without leaving the comfort of your house/office.
Leave a Reply