UAE Dirham (AED) Exchange Rates – United Arab Emirates Exchange Rates:
The United Arab Emirates Dirham (AED) is the official currency of a dynamic and thriving nation, the UAE. The UAE Dirham (AED) stands as a symbol of economic strength and stability in the United Arab Emirates. The exchange rate of the AED plays a crucial role in both local and international financial transactions.
AED UAE Dirham (AED) Exchange Rates Latest List:
UAE Location on Map:
AED Exchange Rates in Perspective:
The AED is pegged to the United States Dollar (USD), which means its exchange rate is fixed at 3.6725 AED per 1 USD. This peg provides stability and predictability for the UAE’s economy and facilitates international trade. Most transactions within the UAE are conducted in AED, while the USD is widely accepted for international trade.
Comparing AED to Some Currencies:
AED vs. Euro (EUR): The AED has historically maintained a relatively stable exchange rate with the Euro, making it attractive for travelers and businesses engaged in trade with European countries.
AED vs. British Pound (GBP): While the AED has been pegged to the USD, it’s worth noting that fluctuations in GBP exchange rates can impact travelers and businesses dealing with the United Kingdom.
AED vs. Indian Rupee (INR): With a significant expatriate Indian population in the UAE, the AED to INR exchange rate is closely monitored for remittances and trade between the two countries.
AED vs. Japanese Yen (JPY): While the UAE may not have extensive trade ties with Japan, the AED to JPY rate can affect financial investments and transactions involving Japanese companies.
AED vs. Chinese Yuan (CNY): The UAE and China have strengthened economic ties in recent years, making the AED to CNY rate relevant for bilateral trade.
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