AED to COP

AED - United Arab Emirates Dirham (د.إ.‏)
COP - Colombian Peso ($)
1 AED1 COP

Currency conversion rates from AED to COP

AEDCOP
1 AED1 COP
5 AED5 COP
10 AED10 COP
20 AED20 COP
50 AED50 COP
100 AED100 COP
250 AED250 COP
500 AED500 COP
1000 AED1000 COP
2000 AED2000 COP
5000 AED5000 COP
10000 AED10000 COP
COPAED
1 COP1 AED
5 COP5 AED
10 COP10 AED
20 COP20 AED
50 COP50 AED
100 COP100 AED
250 COP250 AED
500 COP500 AED
1000 COP1000 AED
2000 COP2000 AED
5000 COP5000 AED
10000 COP10000 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)


COP - Colombian Peso ($)

The Colombian peso is the official currency of Colombia. It is most commonly exchanged with the US dollar (USD). The currency code for the peso is COP. The peso’s official symbol is $. For clarity, the currency code is sometimes abbreviated as COL$. Peso means ‘weight’ or ‘pound’ in Spanish, after the British pound. Colombians may refer to the peso colloquially as ‘plata’, meaning silver; ‘billete’, meaning ticket; ‘biyuyo’; ‘lucas’; or ‘marmaja’.

The Colombian Peso (COP) has been the official currency of Colombia since 1837. The symbol used for the Peso is $. Banknotes are issued by the Banco de la Republica. A subdivision of the Peso is the centavo; 1 peso = 100 centavos.

The Colombian Peso is the currency in Colombia (Columbia, CO, COL). The symbol for COP can be written Col$. The Colombian Peso is divided into 100 centavos. The exchange rate for the Colombian Peso was last updated on Today from The International Monetary Fund. The COP conversion factor has 6 significant digits.

Economy

  • Colombia has a free-market economy.
  • The country exports petroleum, cut flowers, nickel, coal, emeralds, bananas, and coffee.
  • The main import products are consumer goods, fuel, paper, chemicals, coffee, and apparel.
  • The unemployment rate is 11.2%.
  • Colombia has been showing positive growth over the last three years.
  • The service industry accounts for 52.7% of the total GDP.

History

  • The first was Peso was issued in 1837, replacing the Real at a rate of 8 Reales = 1 Peso.
  • In 1847, the currency was decimalized and 1 Peso = 10 Reales.
  • In 1871, Colombia became part of the gold standard and the country pegged the peso to the French Franc at 5 French Francs = 1 Peso.
  • After 1888, the Peso started to depreciate, due to increased printing costs.
  • From 1907 to 1914 Peso coins were issued at a fixed rate of 1 coinage Peso = 100 Pesos Moneda Corriente.
  • In 1915, the new Peso Oro paper currency was introduced replacing old paper Pesos, also at the rate of 1 Peso Oro = 100 old Pesos.
  • In 1931, Colombia changed its peg to the US Dollar at 1 USD = 1.05 Pesos.
  • In 1993, the word Oro was removed and the currency is now known as the Peso.
  • The Colombian government is debating whether to reintroduce a new Peso that is worth 1,000 old Pesos.

More information about COP - Colombian Peso ($)