Historic Arab Emirates Dirham Indian Rupee

Arab Emirates Dirham indian rupee history for February 2024. The highest quote for this month is 22.632 (12/02/2024) and the lowest 22.608 (14/02/2024). The difference between high and low is 0.11.

AED INR average rate for February 2024 is 22.59319, the change between 01/02/2024 and 29/02/2024 is +0.17 %.

01 February 20241 AED = 22.62 INR
02 February 20241 AED = 22.58 INR
03 February 20241 AED = 22.58 INR
04 February 20241 AED = 22.60 INR
05 February 20241 AED = 22.60 INR
06 February 20241 AED = 22.63 INR
07 February 20241 AED = 22.62 INR
08 February 20241 AED = 22.61 INR
09 February 20241 AED = 22.60 INR
12 February 20241 AED = 22.60 INR
13 February 20241 AED = 22.60 INR
14 February 20241 AED = 22.62 INR
15 February 20241 AED = 22.62 INR
16 February 20241 AED = 22.61 INR
17 February 20241 AED = 22.60 INR
18 February 20241 AED = 22.60 INR
19 February 20241 AED = 22.61 INR
20 February 20241 AED = 22.61 INR
21 February 20241 AED = 22.55 INR
22 February 20241 AED = 22.59 INR
23 February 20241 AED = 22.56 INR
24 February 20241 AED = 22.56 INR
25 February 20241 AED = 22.56 INR
26 February 20241 AED = 22.57 INR
27 February 20241 AED = 22.56 INR
28 February 20241 AED = 22.59 INR
29 February 20241 AED = 22.58 INR

24/03/2020: COVID-19 Impact on Indian Rupee

The global COVID-19 pandemic caused significant volatility in the Indian Rupee exchange rate, leading to depreciation against major international currencies.

17/06/2018: Introduction of New Banknotes

A new series of UAE dirham banknotes, featuring enhanced durability, 3D security features, and tactile marks for visually impaired individuals, is introduced.

08/11/2016: Demonetization

The Indian government announced the demonetization of ₹500 and ₹1,000 banknotes, requiring individuals to exchange or deposit their old currency notes at banks.

03/07/2007: Indian Rupee Symbol

The Indian Rupee was given its own unique symbol ₹, representing the integration of the Indian Rupee into the global currency landscape.

01/01/2007: Security Enhancements

New security features, including holograms and advanced anti-counterfeiting measures, are added to the UAE dirham banknotes.

01/12/2002: Introduction of Modern Coinage

A new series of UAE dirham coins, featuring modern designs and security features, is introduced.

20/03/1995: Currency Peg to US Dollar

The UAE dirham is pegged to the United States dollar at a fixed exchange rate of 1 USD to 3.6725 AED.

21/06/1991: Liberalization of Indian Economy

India initiated economic reforms, including the liberalization of foreign exchange controls. This led to the beginning of the exchange rate regime reforms for the Indian Rupee.

01/01/1978: Currency Issuance Authority

The UAE Currency Issuing Authority is established, granting the authority to issue and manage the UAE dirham.

28/01/1973: Decoupling from Pound Sterling

The UAE dirham is officially decoupled from the British pound sterling and a new exchange rate is set.

02/12/1971: Formation of UAE

The United Arab Emirates is formed, resulting in the introduction of the UAE dirham as its official currency.

24/06/1957: Decimalization of Indian Rupee

The Indian Rupee was decimalized, dividing it into 100 paise. This change simplified the currency system and introduced a uniform monetary system across the country.

15/08/1947: Indian Independence

India gained independence from British rule, leading to the establishment of the Reserve Bank of India as the central bank and the Indian Rupee as the official currency.

01/01/1862: Introduction of Indian Rupee

Indian Rupee was introduced by the British government as the official currency of British India. It replaced various local and foreign currencies that were in circulation.
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