IQD 1 = INR 0.06624
Convert1 IQD = 0.06624 INR | 1 INR = 15.09662 IQD
Last Updated Feb 14, 5:30 ISTOur converter applies the mid-market rate. It is solely for informational purposes. The Rate might differ while transferring money.
IQD to INR Exchange Rate Chart
1 IQD = 0.06624 INR
The exchange value of 1 IQD in Indian Rupee is 0.066 INR as on Feb 14.
You can check the exchange rate of 1 Iraqi Dinar to Indian Rupee by using the Paytm currency exchange rate calculator.
All you need to do to see the exchange 1 IQD to INR online is as follows:.
There are several online ways to convert IQD to INR.
Most banks in India allow IQD to INR conversion through their internet banking or mobile apps.
Pros:
Cons:
Apps like Wise, PayPal, and Western Union allow IQD to INR conversion quickly.
Pros:
Cons:
A Forex card is a prepaid card that holds multiple currencies, including IQD.
Pros:
Cons:
Some people use crypto exchanges to convert USD to INR through Bitcoin, Ethereum etc.
Pros:
Cons:
There are several offline methods to exchange IQD to INR. Let‘s explore them.
1. Banks
Banks offer currency exchange services at competitive rates. You need to visit a branch with your IQD cash and exchange it for INR.
Pros:
Cons:
Private money exchange centers, like Thomas Cook, Muthoot Forex, and Western Union, offer offline IQD to INR conversion.
Pros:
Cons:
Airports have forex counters where travelers can exchange IQD to INR.
Pros:
Cons:
Some hotels and travel agencies offer currency exchange services for guests.
Steps to Exchange IQD to INR at a Hotel or Travel Agency:
Pros:
Cons:
In busy markets and tourist spots, you may find local money changers who exchange IQD for INR
Pros:
Cons:
Most offline exchanges require identity proof. Here are the common documents needed:
Document Type | Required For |
---|---|
Passport | All exchanges (mandatory for foreigners) |
Always carry a valid ID when exchanging currency.
Method | Exchange Rate | Transfer Fee | Availability | Speed |
---|---|---|---|---|
Bank Transfer | Low | Low | Limited hours | 1-3 days |
Any Third Party App | High | Low | 24/7 | Instant/Few minutes |
Forex Card | Medium | Low | 24/7 | Instant |
Crypto Exchange | High | Low | 24/7 | Few minutes |
Exchange Centers | Good | Medium | Widely available | Few minutes |
Airport Counters | High | High | 24/7 at airports | Few minutes |
Hotels/Agencies | Very High | Medium | Only for guests | Few minutes |
Local Money Changers | Varies | Low | Risky but quick | Few minutes |
Converting Iraqi Dinar (IQD) to Indian Rupee (INR) offers several advantages, depending on your financial needs and market conditions. Here are some key benefits:
IQD is a strong and widely traded currency. If the exchange rate is favorable, converting IQD to INR can give you more value for your money.
Since 1 IQD equals a significantly higher amount in INR, converting IQD to INR increases your purchasing power, allowing you to afford more goods and services in India.
If you‘re an NRI, tourist, or returning from the Iraq, converting IQD to INR ensures you have local currency for daily expenses, shopping, and travel within India.
Converting IQD to INR can help you invest in India assets, such as real estate, stocks, mutual funds, and fixed deposits, which often offer higher returns compared to Iraq markets.
Using a direct IQD to INR conversion method (like Forex cards or money changers) helps avoid unnecessary fees and unfavorable exchange rates charged by international payment gateways or credit card companies.
For businesses involved in international trade, converting IQD to INR at the right time can help optimize costs, manage foreign exchange risks, and improve profit margins.
By choosing the right conversion method and timing, you can maximize the benefits of IQD to INR exchange.
Source of the rates:apilayer.com