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Buy, Sell or Transfer Jordanian Dinar (JOD) in India at the best exchange rates
| Currency Name | Buy Rate (Card Rate) | Sell Rate |
|---|---|---|
| View Detailed Rate card | ||
Now that you are home, with unused forex in hand, it might tempt you to revisit Jordan. However, if you give the thought a pass, you must convert the unused Jordanian Dinar at the earliest. To get the maximum value of your rupee, it is advisable to convert the excess JOR to INR without any further delay. Thomas Cook offers a seamless way to sell forex online and convert your Jordan Currency to INR.
JOD, Jordanian Dinar is one of the most valued currencies across the globe. There are several reasons behind the same. The stability of the currency is one of the most important and prominent factors making the currency valuable worldwide. The fixed rate of the currency and its value being pegged to USD give the currency a sense of stability which not only makes it more acceptable but also attracts investors. The region faces a bit of political instability at times and thus, the fixed rate acts as a support providing confidence to the investors.
The Jordanian Dinar is the official currency of the Jordan region and was introduced in 1949. Before that, the region used the Palestinian Pound for their monetary exchanges. The foundation stone for the Central Bank of Jordan was laid in 1964, which is now the responsible authority to issue and control the currency flow. The interesting part about the design of Jordanian dinars is that they were printed with images of historical rulers.
Currently, the value of JOD is pegged to that of USD, where 1.41 USD makes 1 JOD. This value can witness a slight change following the daily exchange rates. Jordan has both banknotes in the denominations of 1, 5, 10, 20, and 50 Dinars. One Dinar is equal to 10 Dirhams/100 Qirshes/1000 Fils. Israel's West Bank also cusses JOD.
In simple terms, the exchange rate means the rate at which you get to exchange one currency for another. For JOD-INR, the exchange rate is the INR amount you get in return for giving 1 JOD or vice-versa. You may wonder what drives these exchange rates and why it fluctuates. Well, there are various reasons for this. Jordan has quite tight monetary policies and since it is pegged to the US Dollar at a fixed exchange rate of 1.41 USD/JOD, the value of JOD is quite high in the global market. It is not much impacted by the global effects since it is more affected by the value of USD. It was pegged to the USD in order to make the currency stable. As in the case of JOD-INR, the exchange rates are impacted by the international prices, oil prices, economic and political conditions of the countries, and inflation rates as well.
Today's JOD-INR exchange rate is INR 115.20 per JOD. Prior to converting your currency in the actual market, you may want to check an example that brings more clarity.
Rajeev works as a multinational employee in Jordan and has to send JOD 5,000 to his brother living in India. Since today's rate of JOD to INR is 115.20 Indian rupee per JOD, his brother will receive INR 576,000.
Calculating the conversion of JOD to INR or any other currency has become quite easy. This is because of the currency converter. It is an online calculator which is specifically designed for the purpose of currency conversion. It automatically shows you the current exchange rate of two currencies, as entered, and quickly calculates the conversion rate as per current rates. You just have to enter the amount of both the currencies and it will show you the result. It helps in making informed decisions when planning to convert currencies. As of today, the JOD-INR conversion results will be as follows:
1 JOD= INR 115.20
100 JOD= INR 11,520
1,000 JOD= INR 115,200, and
INR 1= 0.0087 JOD
INR 1,000= 8.7 JOD
INR 10,000= 87 JOD
The Central Bank of Jordan is the official monetary authority of Jordan and in India, it is The Reserve Bank of India. Both these institutions are entitled to the task of looking after and administering the monetary system of their country. Also, in deciding the international value of a currency, the monetary authority plays a centric role. So, considering the international prices and the other related factors, the exchange rate of JOD to INR and vice-versa are decided. The central banks finalise the exchange rates and as in the case of JOD-INR, the rates keep on fluctuating since these are not pegged to each other.
India and Jordan maintain healthy trade relations. For a long time, both countries have been sharing commodities via import and export processes. India mainly imports ceramic products, cutlery, tobacco, tools, etc. and exports vegetables, fruits, cement, salts, cocoa, and so on. Currently, INR 115.20 equals 1 JOD. So, as of now, the exchange rate is favourable to Jordan with a high rate against INR. The relationship is expected to further grow with a good hike in trade values. India has also recently undergone demonetisation to succumb to corruption and increase the value of its currency. If you are planning for JOD-INR transactions, you must give the currency converter a try.
Disclaimer: The figures are for illustrations only, as the currency rates are subject to change.
Thomas Cook has a reputable name in the forex and travel global market. We aim at meeting every travel requirement of yours like booking hotels, flights, tours, and foreign exchange. We help you design the best holiday packages while enabling you to convert INR to Jordan Dinar at the best rates. Feel free to visit our website or visit the nearest branch to create a customized travel package.
All our branches are well-equipped to convert JOD to INR and our dedicated staff will be more than happy to help you throughout the foreign exchange process. Don’t wait anymore, head straight to our branch today.
Contact Thomas Cook and we will help you with your travel and forex needs. Don't let anything hold you back. Convert Jordan Dinar to INR today and get the best value of your foreign exchange.
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