Currency Rate
Arab Emirates Dirham to USD
Our Currency Rate AED latest updates allow you to track real-time exchange rates effortlessly. By accessing and analyzing accurate and current data, you'll stay informed on the AED. We provide comprehensive information to meet all your financial needs effectively.
Buying rate
AED 0.253198
Selling rate
AED0.289952
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The UAE dirham (symbol: د.إ; code: AED) is the official currency of the United Arab Emirates (UAE). It is used across all seven emirates.
Currency Details
- Country code AE
- Symbol AED
- ISO Code AED
- Subunits 1 Dirham = 100 Fils
Coins
- 1 fil
- 5 fils
- 10 fils
- 25 fils
- 50 fils
- 1 dirham
Banknotes
- 5 dirhams
- 10 dirhams
- 20 dirhams
- 50 dirhams
- 100 dirhams
- 200 dirhams
- 500 dirhams
- 1000 dirhams
The Arab Emirates Dirham, commonly abbreviated as AED, is the official currency of the United Arab Emirates (UAE). Known locally as "dirham," the AED is symbolized as "د.إ" in Arabic and "DH" in English. Introduced in 1973, the dirham replaced the Qatar and Dubai riyal, unifying the currency system across the emirates.
History and Background
The dirham's introduction in 1973 marked a significant step in establishing a unified monetary system for the UAE. Before this, various currencies were in circulation, reflecting the region's diverse economic and trading relationships.
Economic Significance
The AED plays a crucial role in the UAE's economy, facilitating trade, investment, and tourism. The UAE's strategic location as a global trade hub and its robust financial sector underscore the importance of a stable and reliable currency. The dirham's peg to the US dollar provides stability, enhancing investor confidence and contributing to the country's economic resilience.
Usage and Exchange
The AED is widely accepted across the UAE for all transactions, from daily purchases to large-scale business deals. For visitors and expatriates, exchanging foreign currency for dirhams is straightforward, with numerous exchange bureaus, banks, and ATMs available throughout the country. Major credit cards are also widely accepted.
Conclusion
The Arab Emirates Dirham is more than just a medium of exchange; it is a symbol of the UAE's unity, stability, and economic strength. Whether you're a resident or a visitor, understanding the AED is essential for navigating the financial landscape of this dynamic and rapidly growing nation.
History and Background
The dirham's introduction in 1973 marked a significant step in establishing a unified monetary system for the UAE. Before this, various currencies were in circulation, reflecting the region's diverse economic and trading relationships.
Economic Significance
The AED plays a crucial role in the UAE's economy, facilitating trade, investment, and tourism. The UAE's strategic location as a global trade hub and its robust financial sector underscore the importance of a stable and reliable currency. The dirham's peg to the US dollar provides stability, enhancing investor confidence and contributing to the country's economic resilience.
Usage and Exchange
The AED is widely accepted across the UAE for all transactions, from daily purchases to large-scale business deals. For visitors and expatriates, exchanging foreign currency for dirhams is straightforward, with numerous exchange bureaus, banks, and ATMs available throughout the country. Major credit cards are also widely accepted.
Conclusion
The Arab Emirates Dirham is more than just a medium of exchange; it is a symbol of the UAE's unity, stability, and economic strength. Whether you're a resident or a visitor, understanding the AED is essential for navigating the financial landscape of this dynamic and rapidly growing nation.