1 Dollar Australian Coin Value In Indian Rupees
Introduction
Are you curious about the value of the 1 dollar Australian coin in Indian rupees? If so, you're not alone. Many people wonder about the worth of various currencies in relation to each other. In this article, we'll explore the current value of the 1 dollar Australian coin in Indian rupees and provide some background information on both currencies.
Background Information
The Australian dollar (AUD) is the official currency of Australia and its territories. It is abbreviated as $ or AUD and is subdivided into 100 cents. The Australian dollar is the fifth most traded currency in the world and is often used as a benchmark currency for commodity prices.
The Indian rupee (INR) is the official currency of India and is abbreviated as ₹. It is subdivided into 100 paise and is one of the oldest currencies in the world. The Indian rupee is the 20th most traded currency in the world and is often used as a benchmark currency for South Asian countries.
Current Value
As of September 2021, the current value of the 1 dollar Australian coin in Indian rupees is approximately 52.31 INR. This value is subject to change based on various economic factors such as inflation and exchange rates.
Factors Affecting Value
The value of the 1 dollar Australian coin in Indian rupees is affected by various factors such as:
- Economic conditions in Australia and India
- Political stability in both countries
- Interest rates set by the central banks of both countries
- Global economic events such as recessions or booms
- Supply and demand for both currencies
Historical Value
The historical value of the 1 dollar Australian coin in Indian rupees has fluctuated over time. In 2016, the value of the coin was around 48 INR. In 2018, it rose to around 51 INR. In 2020, it reached a high of 55 INR before dropping back down to its current value of around 52 INR.
Conclusion
Now you know the current value of the 1 dollar Australian coin in Indian rupees and some of the factors that affect its value. Keep in mind that currency values are subject to change based on various economic and political factors, so the value may not always be the same. If you're planning to travel to Australia or India, it's a good idea to keep an eye on the exchange rates to ensure you get the best value for your money.