INR to AED Currency Converter

INR - Indian Rupee

In India, the issuance of INR(Rs) is regulated by the Reserve Bank of India(RBI). The word rupee is derived from Sanskrit. Use of coins was started around 1540 in India where silver coins were used. Currently there are 1, 2, 5, 10, 50, 100, 200, and 2000 denominations available. 1, 2, 5 are available in coins, 10 is available both in coins and notes as well, 50, 100, 200 and 2000 are available in paper currency.

AED - UAE Dirham

In UAE, the issuance of currency is monitored by the Central Bank of UAE. Dirham is a word derived from Arabic. In UAE, the first dirham coin was launched on 19 May 1973. Previously the currency in UAE was Dubai Riyal and Qatar Riyal. The currently available denominations in UAE are 1, 5, 10, 20, 50, 100, 200, 500 and 1,000. Other than Dh 1, other denominations are available in paper currency. On the currency notes, there is a watermark of the national emblem which is the Hawk of Quraish and a falcon on the other side of the note.

INR to AED historical rates

UAE being the popular tourist spot for most of the Indians, you must know how the Indian rupee(INR) and UAE Dirham (AED) rates are swinging. There are quite a few fluctuations in the past 5 years in INR-AED exchange rates. The maximum rate recorded was in May 2014, where Rs.100 = AED 6.3 and the minimum is the current exchange rate was in Oct 2018, Rs.100 = AED 4.9.

Indian Rupee to UAE Dirham Historical exchange rates graph

The INR to AED currency conversion graph helps in understanding the fluctuations in the exchange rate. Check the historical rates of Rs to AED for up to past 1 year.

INR to AED currency exchange tips

Check the exchange rate before converting your currency from INR to AED

• The services charges at ATMs are less compared to the exchange centers
• More than the exchange rate the service fees charged needs to checked and compared
• Avoid exchanging your INR to AED at the airports are the charges are quite high
• Exchange your currency in India itself if the services charges are less in the exchange centers in India compared to UAE

How to send money to UAE from India i.e. INR to AED?

Sending money from India to UAE is quite a simple task. There are several ways to send money from INR to AED like,

• Can transfer through RBI approved exchange centers
• Can avail wire transfer facility and transfer from your bank account to another bank account
• Can transfer to the beneficiary account using net banking services on your account. All you need is the beneficiary account number and swift code
• Using Foreign Currency Demand Draft(FCDD). This is a payment way that is provided by the banks. It is considered as the fastest way to transfer funds from India to UAE

Before transferring funds from India to UAE, one thing that has to be noted is according to RBI, outward remittances limit per individual is $250,000 per year.

Tips to save money while transferring money to UAE from India

• Even though some of the money transfer options transfer funds quickly there are high services levied.
• Some of the money transfer centers don’t charge any fees from the recipient. Try picking those.
• Check the currency exchange rates charts and transfer money when the rates get low.

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