Understanding One AED to INR Currency Exchange Rates

Dubai is the most happening place in the Middle East right now. It is a great shopping destination and the most important business capital in the world, With the addition of the Dubai Expo, it has become one of the most popular vacation destinations. If you are enticed and planning a trip to the UAE, you must convert currencies from INR to AED.

This guide will deal with everything, including the rate of one AED to INR and the current exchange rate. So, let’s dive in to know more.

Know the Basics of INR and Dirham

The United Arab Emirates’ official currency is the Dirham (AED), commonly abbreviated as Dh or Dhs. It is issued in denominations ranging from 5 to 1000 Dirham, with 5 Dirham being the smallest and 1000 Dirham the largest.

On the other hand, The currency used all over India is the Indian Rupee. It is often denoted as Rs or ₹ and is issued by the state in the denominations of 10, 20, 50, 100 and 500. 

The exchange rate between the UAE Dirham (AED) and the Indian Rupee (INR) fluctuates constantly due to market forces. While the current exchange rate is 1 AED to 23.60 INR, this value is subject to change.

The current exchange rates of one INR to AED are as follows – 

The current exchange rates of one AED to INR are as follows – 

Best INR to AED Exchange Places in Dubai

If you’re travelling from India to Dubai or sending money to the UAE, finding the best exchange rates for INR to AED is essential. Dubai has a wide network of currency exchange providers. Here are the top places to exchange rates in Dubai.

• Al Ansari Exchange

With over 200 branches across the UAE, Al Ansari Exchange is a reliable choice for INR to AED conversions. They offer competitive rates, quick transactions, and multiple locations, including major malls and business hubs.

• Al Rostamani International Exchange

One of the oldest exchange houses in the UAE, Al Rostamani provides secure and fast exchange services. Their branches, including one at The Dubai Mall, ensure convenience for tourists and residents alike.

• Al Fardan Exchange

Al Fardan Exchange is known for its transparent exchange rates and quick service. Their locations in Bur Dubai, Mall of the Emirates, and Dubai Festival City make it easy for Indian travellers and expatriates to convert INR to AED.

• Sharaf Exchange

• Lulu Exchange

Lulu Exchange, a trusted name in money exchange, provides seamless conversions with low transaction fees. Their branches in malls and residential areas cater to a large Indian customer base.

• UAE Exchange

With a strong presence in Dubai, UAE Exchange specializes in remittances and currency exchange. Their rates are competitive, and they offer additional services like instant money transfers.

Best Ways to Send Money from India to Dubai Online

Sending money from India to Dubai is now easier than ever. Many online platforms offer fast, secure, and cost-effective options. Here are some of the best ways to transfer money hassle-free.

• Wise (formerly TransferWise): Wise is known for its low fees and real exchange rates. It shows the exact amount your recipient will get before you send money. Transfers are quick and transparent.
  
• BookMyForex: BookMyForex allows you to send money to Dubai via wire transfers (SWIFT). They offer zero transfer fees and competitive exchange rates, making it a great option.
  
• HOPRemit by moneyHOP: HOPRemit provides a fully digital way to transfer money. The process is simple, and they offer some of the best exchange rates with minimal fees.
  
• Axis Bank: Axis Bank customers can send money online through internet banking or the Axis mobile app. Their exchange rates are competitive, and transfers are easy to track.
  
• DCB Remit: DCB Remit offers quick money transfers from India to Dubai. The service is user-friendly, with good exchange rates and fast processing times.
  
• ExTravelMoney: ExTravelMoney is a good choice if you want low fees and quick transfers. They also offer TCS refunds and allow you to book the best exchange rate online.
• IndusInd Bank’s IndusForex: IndusForex by IndusInd Bank supports wire transfers through SWIFT. The process is secure, and the money reaches the recipient within 2-4 business days.

Wrapping up

The exchange value of currencies completely depends on the market’s demand and supply chains; thus, these values keep changing from time to time. But why is it important to know about the exchange rates? It helps in understanding the foreign currency flows in international transactions and trades. Apart from that, someone travelling to Dubai must also have a clear idea about the exchange rate of one AED to INR and one INR to AED so that they can calculate accordingly and get their Indian currency exchanged to Dirham and carry it to Dubai. 

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