In Dubai welcomed The largest number of visitors, 1. In Abu Dhabi hotels welcomed 5. The largest group of non-UAE visitors were those from India , Migrants comprise the largest share of the population of the UAE.
Indian businessmen run some of the most successful and high profile companies in the United Arab Emirates. Many are supporting families and homes in their countries of origin. There is no easy path to Emirati citizenship so most migrants eventually leave. Money transfers to India accounted for Outward personal money transfers from the UAE for to are shown in the table and graph below.
Outward personal money transfers from the UAE by destination country for are shown in the table and graph below. The process of converting one form of currency into another country's usable currency is known as currency conversion. Based on the current exchange rates, a person may receive less or more value after a country's currency is converted.
The name Dirham is derived from the Greek work Drachmae, which means handful. The currency conversion of AED vs. INR is impacted mainly by various external factors which affect the price of the currency in the global exchange market. The main factors that affect the currency rate fluctuation are inflation rate. It is the rate at which the general price of goods and services increases in a country. Lower the inflation indicates a healthy economy that results in an appreciation of the value of the currency.
The amount of currency in circulation also acts as a factor that affects the conversion price of AED vs. Central Banks take several measures to maintain a stable flow of currency in the country by benchmarking interest rates.
Interest rates indicate the cost at which the money can be borrowed. When the interest rate is less, the borrowers will borrow more money and will use it for investing purpose. 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.
A country's economic, social and political conditions also affect the currency conversion rates.
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