AED to INR Forecast UAE Dirham has been fixed around 3.67 against the dollar over the last decade or so and volatility is extremely low. All the moves in AED to INR are therefore nearly linked to the volatility in the Indian rupee. The USD to INR rate, therefore, determines the AED to INR rate and this cross will go in line with the rupee. UAE Dirhams to Indian Rupee (AED to INR) exchange rate has been trading in 19.00-19.75 band over the last six months and we expect that band to hold for most of 2020.
However, the rupee should gain either on account of large inflows through the year or a major slide of the global crude prices, which can make AED to INR exchange rate to move toward 18.50. However, the cap at 19.50 should hold the upside for next year. It is, therefore, the AED to INR exchange rate should remain in 18.50-19.75 the trading band for the year 2020.
About UAE Dirham
United Arab Emirate Dirham is the official currency of the UAE. It is also abbreviated as AED in the international currency exchange market. Dubai is one of the most sought travel destinations in the UAE and that is why AED is also known as Dubai currency in India.
The United Arab Emirates Dirham has been used since 1973, when it replaced several currencies, such as the Dubai riyal and the Qatar riyal. Dubai Dirham is also subdivided into 100 fils. The Central Bank of United Arab Emirates is the issuing and managing authority of UAE Dirhams.
As mentioned before, UAE operates on the fixed exchange rate system where the UAE Dirham is pegged against the US Dollar, the strongest currency of the world. So the AED to INR movement is indirectly determined by the movement in the USD to INR exchange rates.
The graphs shown in the above two images may appear to be similar. However, the first image represents the 10 year movement in the USD to INR exchange rate. On the other hand, the second image graphically represents 10 Year movement in the AED to INR exchange rates. Looking at both the pictures, it should be clear that the AED to INR exchange rate is dependent on the movements in USDINR exchange rates.
A huge thanks to BookMyForex, and their Customer Support team for their exceptional customer service, and for seamless processes they have in place for our Forex needs.
It has been close to a decade since BookMyForex is assisting me in all my Forex needs. What an incredible journey it has been with BookMyForex. My trust & confidence in BookMyForex is such that in the past so many years, no other financial entity other than BookMyForex has dealt with all my Forex requests. Once I have raised a request, I rest assured that’s it’s in the right hands and gets done always with extraordinary service.
When it comes to hassle free inter-country currency exchange and transfer there are many companies and banks which talk about competitive rate and fast service, but Bookmyforex is the one which actually fulfills both these criteria. I am a happy customer of Bookmyforex, who joined in June 2016 and had never faced any difficulty in getting money transferred. I would recommend Bookmyforex to every student, professional, and tourist who want a stress-free service in this competitive world.
I used BookMyForex for my first visit to Singapore & Bali. BookMyForex representative made it easy and user friendly for me. Their staff is really helpful throughout the process and the rates applied are also lesser compared to other forex providers. I would highly recommend BookMyForex to everyone travelling abroad.
I am a graduate student at the Carlson School of Management with my roots in Banglore. Bookmyforex by far has the best conversion rates with the least hassles and extremely supportive staff. I recommend every prospective student or traveler going aboard to use Bookmyforex and experience their amazing service.
I am using BookMyForex services from past 4 years & I always had hassle free dealings. I highly recommend BookMyForex for your maiden visit & you will surely use them in future.
Superb rates, great service, priority support, and hassle free card reloads – is all that you can expect from BookMyForex, apart from their complimentary referral discounts & zero fee multi-currency cards. Be it a casual trip to Thailand or business travel to the U.S, BookMyForex is a one-stop shop for all your forex needs. Highly satisfied!
I had a great experience with BookMyForex during my travel to Sweden. These guys have an excellent Service, best market rates and a high level of professionalism. Many thanks for all your dedicated & amicable support. Highly recommended for trouble-free experiance.
Leave a Reply