AED to AUD

AED - United Arab Emirates Dirham (د.إ.‏)
AUD - Australian Dollar ($)
1 AED1 AUD

Currency conversion rates from AED to AUD

AEDAUD
1 AED1 AUD
5 AED5 AUD
10 AED10 AUD
20 AED20 AUD
50 AED50 AUD
100 AED100 AUD
250 AED250 AUD
500 AED500 AUD
1000 AED1000 AUD
2000 AED2000 AUD
5000 AED5000 AUD
10000 AED10000 AUD
AUDAED
1 AUD1 AED
5 AUD5 AED
10 AUD10 AED
20 AUD20 AED
50 AUD50 AED
100 AUD100 AED
250 AUD250 AED
500 AUD500 AED
1000 AUD1000 AED
2000 AUD2000 AED
5000 AUD5000 AED
10000 AUD10000 AED

AED - United Arab Emirates Dirham (د.إ)

The United Arab Emirates dirham is the currency of the United Arab Emirates. The dirham is abbreviated by the currency code AED, and its symbol is د.إ. Unofficial abbreviations include ‘Dhs’ and ‘DH’. The most popular AED exchange is with Indian rupees (INR to AED). The dirham is a fiat currency, and its conversion factor has 6 significant digits.

The Dirham (AED) is the currency of the United Arab Emirates. 1 Dirham = 100 fils. Exchange can be done at a bank, but is less costly at an exchange office. The United Arab Emirates Dirham was pegged to the IMF’s drawing rights in 1978. In 1997 the Dirham was pegged to the US Dollar at 1 USD = 3.6725 dirham.

The United Arab Emirates Dirham is the currency in United Arab Emirates (AE, ARE, UAE). The symbol for AED can be written Dh, and Dhs. The United Arab Emirates Dirham is divided into 100 fils. The exchange rate for the United Arab Emirates Dirham was last updated on Today from The International Monetary Fund. The AED conversion factor has 6 significant digits.

Economy

  • The United Arab Emirates is ranked second in the Corporation Council for the Arab States of the Gulf (CCASG).
  • Natural gas and petroleum exports play an important role in the economy.
  • The service sector is also an important source of income.
  • Construction forms a huge part of the economy; there is currently an average of $350 billion in construction projects.
  • The United Arab Emirates is part of the World Trade Organization.
  • Imports are machinery, manufactured goods, and transport equipment.
  • In 2009, 85% of exports were natural resources.
  • The United Arab Emirates has the fastest-growing economy in the world.

History

  • The original currency in the United Arab Emirates was the Bahraini Dinar.
  • Before 1966 the United Arab Emirates used the Gulf Rupee.
  • The United Arab Emirates dirham started circulating in December 1971. The dirham replaced the Dubai Riyal as well as the Qatar Riyal at par.
  • From 1973 to 1982 the United Arab Emirates issued the Dirham.
  • In 1976 the United Arab Emirates minted commemorative coins.
  • In the late 1980s a fixed rate was established between the Dirham and the USD.
  • 200-dirham denominations were produced only in 1989 and are scarce; however, the 200-dirham was re-introduced in May 2008 in a different color from the original.
  • In 1997 the Dirham was pegged to the US Dollar.

More information about AED - United Arab Emirates Dirham (د.إ)


AUD - Australian Dollar (A$)

The Australian dollar is the currency of the Commonwealth of Australia and its independent islands. AUD is the code for the dollar. It’s symbolised by $, but can be written using A$ or AU$ to distinguish it from other dollar-based currencies. The AUD is most commonly exchanged in global markets with the British pound, and it is a fiat currency. It’s the fifth most traded currency in the world, behind the US dollar, the euro, the Japanese yen, and the pound sterling. The conversion factor for AUD has 5 significant digits.

The Australian Dollar (AUD) is the currency unit used in the Commonwealth of Australia. The Australian Dollar symbol is $. Commonwealth of Australia states include Cocos Islands, Norfolk Island, Pacific Island states, Christmas Island, and Australia. The Dollar is rated by the World Foreign Exchange market as the fifth most-traded currency in the world. The Australian Dollar is also known as the "Aussie".

The Australian Dollar is the currency in Australia (AU, AUS), Canton and Enderbury Islands, Christmas Island (CX, CXR), Cocos Islands (Keeling Islands, CC, CCK), Heard and McDonald Islands (HM, HMD), Kiribati (KI, KIR), Nauru (NR, NRU), Norfolk Island (NF, NFK), and Tuvalu (TV, TUV). The symbol for AUD can be written A$, Au$, $Au, Aud$, $Aud, Aus$, and $Aus. The Australian Dollar is divided into 100 cents. The exchange rate for the Australian Dollar was last updated on Today from The International Monetary Fund. The AUD conversion factor has 6 significant digits.

Economy

  • Australia has a strongly developed and established modern economy.
  • In 2011, Australia was rated the 13th biggest economy by GDP.
  • Australia‘s economy relies on the service industry, which contributes 60% of the total GDP.
  • Import products are computers, machines, telecommunication parts, equipment, petroleum products, and crude oil.
  • Export products include gold, meat, aluminia, wool, wheat, iron ore, and coal. The total export value for the year 2010 is estimated at $2.107 billion AUD.

History

  • The Australian Dollar replaced the Australian Pound in 1966. The currency was valued at 2 AUD = 1 Pound and the first coins introduced were 1 cent, 2 cents, 5 cents, 10 cents, 20 cents, and 50 cents.
  • In 1967, Australia abandoned the sterling standard and pegged the Australian dollar to the United States Dollar at a rate of 1 AUD = 1.12 USD.
  • In 1983, the AUD became a floated currency.
  • In 1984, the Australian one-dollar coin was introduced; in 1988 the two-dollar coin was introduced.
  • In 2006, the 1-cent and 2-cent coins were discontinued and taken out of circulation.
  • Australia has made special edition coins and notes to commemorate events, such as the Commonwealth Games of 1982.

More information about AUD - Australian Dollar (A$)