![]() Conversely, when there is too much of money circulating in the market, then the supply of goods will be less, high rate of inflation creeps, leading to exchange rate depreciation.Ī country's economic, social and political conditions also affect the currency conversion rates. When the interest rate is less, the borrowers will borrow more money and will use it for investing purpose. Interest rates indicate the cost at which the money can be borrowed. Central Banks take several measures to maintain a stable flow of currency in the country by benchmarking interest rates. The amount of currency in circulation also acts as a factor that affects the conversion price of AED vs. For example, if the rate of inflation is less than 3% then the value of Indian Rupee against AED will be more and vice-versa. ![]() ![]() Lower the inflation indicates a healthy economy that results in an appreciation of the value of the currency. It is the rate at which the general price of goods and services increases in a country. The main factors that affect the currency rate fluctuation are inflation rate. INR is impacted mainly by various external factors which affect the price of the currency in the global exchange market. 1 AED = INR 17, which means that for every 1 Dirham given or spent, you should get INR17 or something of its worth. One AED is worth INR 17 as on January 29, 2018. The name Dirham is derived from the Greek work Drachmae, which means handful. The currency of United Arab Emirates is known as the United Arab Emirates or AED. Trend of Currency Exchange Rate : AED to INR, December 2022īased on the current exchange rates, a person may receive less or more value after a country's currency is converted. ![]()
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