AED

From Halal Explorer

The United Arab Emirates Dirham (AED) is the official currency of the United Arab Emirates (UAE). Introduced on May 19, 1973, it replaced the Qatar and Dubai riyal at par. The currency code for Dirham is AED, and its symbol is د.إ.

USD to AED Exchange Rate

The exchange rate of the United States Dollar (USD) to the United Arab Emirates Dirham (AED) is a significant factor for businesses, travelers, and expatriates. The current exchange rate is approximately 1 USD to 3.6730 AED. This rate has remained relatively stable due to the Dirham being pegged to the US Dollar.

Other Exchange Rates

Apart from the USD, the AED exchange rate with other major currencies is also crucial for international trade and travel. Here are some current exchange rates:

  • Euro (EUR): 1 EUR 4.0000 AED
  • British Pound (GBP): 1 GBP 4.6000 AED
  • Japanese Yen (JPY): 1 JPY 0.0340 AED
  • Australian Dollar (AUD): 1 AUD 2.5000 AED
  • Canadian Dollar (CAD): 1 CAD 2.8000 AED
  • Swiss Franc (CHF): 1 CHF 4.0500 AED
  • Chinese Yuan (CNY): 1 CNY 0.5200 AED
  • Indian Rupee (INR): 1 INR 0.0450 AED
  • (Pakistani) Rupee (PKR): 1 PKR 0.0200 AED
  • Bangladeshi Taka (BDT): 1 BDT 0.0430 AED
  • Philippine Peso (PHP): 1 PHP 0.0700 AED
  • Malaysian Ringgit (MYR): 1 MYR 0.9000 AED
  • Singapore Dollar (SGD): 1 SGD 2.7500 AED
  • Hong Kong Dollar (HKD): 1 HKD 0.4700 AED
  • Saudi Riyal (SAR): 1 SAR 0.9800 AED
  • Kuwaiti Dinar (KWD): 1 KWD 12.1300 AED
  • Bahraini Dinar (BHD): 1 BHD 9.7400 AED
  • Omani Rial (OMR): 1 OMR 9.5500 AED
  • Turkish Lira (TRY): 1 TRY 0.4700 AED
  • South African Rand (ZAR): 1 ZAR 0.2000 AED

Economic Significance

The stability of the AED, particularly against the USD, plays a crucial role in the UAE's economy. It helps in maintaining investor confidence, stabilizing import and export prices, and ensuring predictable financial planning for businesses operating in the region. The United Arab Emirates Dirham is a robust and stable currency, essential for the UAE's economic activities. Its pegged rate to the USD at 3.6730 AED ensures stability and confidence in financial transactions. Understanding the exchange rates with other major currencies can help travelers and businesses plan their finances more effectively.