AED to EUR

AED - United Arab Emirates Dirham (د.إ.‏)
EUR - Euro ()
1 AED1 EUR

Currency conversion rates from AED to EUR

AEDEUR
1 AED1 EUR
5 AED5 EUR
10 AED10 EUR
20 AED20 EUR
50 AED50 EUR
100 AED100 EUR
250 AED250 EUR
500 AED500 EUR
1000 AED1000 EUR
2000 AED2000 EUR
5000 AED5000 EUR
10000 AED10000 EUR
EURAED
1 EUR1 AED
5 EUR5 AED
10 EUR10 AED
20 EUR20 AED
50 EUR50 AED
100 EUR100 AED
250 EUR250 AED
500 EUR500 AED
1000 EUR1000 AED
2000 EUR2000 AED
5000 EUR5000 AED
10000 EUR10000 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)


EUR - Euro ()

The euro is the currency of the European Union (EU). The EU is a union of separate nations joined under one governing structure. The euro is now the single currency replacing individual monies for 19 of 28 nations who joined the EU, or the Eurozone. It is a fiat currency.

The official currency used in the Eurozone is the Euro (EUR). The eurozone consists of the 17 states of the European Union: Austria, Cyprus, Estonia, Portugal, Belgium, Germany, Malta, Portugal, Netherlands, Italy, Ireland, Greece, Luxemburg, France, Slovakia, Spain, and Slovenia. The Euro is second-largest currency that is traded worldwide.

The Euro is the currency in Andorra (AD, AND), Austria (AT, AUT), Belgium (BE, BEL), Estonia (EE, EST), Europe (EU, the European Union), Finland (FI, FIN), France (FR, FRA), Germany (DE, DEU), Greece (GR, GRC), Ireland (IE, IRL), Italy (IT, ITA), Luxembourg (LU, LUX), Latvia (LV, LVA), Monaco (MC, MCO), Malta (MT, MLT), Netherlands (NL, NLD), Portugal (PT, PRT), San Marino (SM, SMR), Slovenia (SI, SVN), Slovakia (Slovak Republic, SK, SVK), Spain (ES, ESP), Vatican City (Holy See, VA, VAT), French Guiana (GF, GUF), Guadeloupe (GP, GLP), Martinique (MQ, MTQ), and Reunion (RE, REU). The symbol for EUR can be written €. The Euro is divided into 100 cents. The exchange rate for the Euro was last updated on Today from The International Monetary Fund. The EUR conversion factor has 6 significant digits.

Economy

  • The Euro is seen as a macro-economy system. It gives the countries that are part of the eurozone economical stability.
  • Trade industry increased by 5% since the implementation of the Euro.
  • Exchange rate risk is reduced for all the countries in the eurozone.
  • Most countries also experienced a reduction in interest rates.
  • Tourism in the EU countries has also increased by 6.5% because of the common currency.
  • The euro is rated as a major reserve currency and is in the same league as the Japanese Yen, US Dollar, British Pound, and Swiss Franc.
  • The exchange rate for the Euro is a floating or flexible rate.

History

  • In 1992, the Euro was established by the Maastricht Treaty.
  • Strict rules were given to the member states before they could become part of the eurozone. Two countries were exempt from the rules–the United Kingdom and Denmark.
  • The name was established in 1995, when the Euro replaced the “European currency unit”.
  • In 1998, the European Commission determined the rates according to the European currency unit, which equaled 1 Euro. The EU used the European currency unit as an accounting unit, based on the member states’ currencies.
  • The Euro unofficially replaced the European currency unit in 1999. In 2002, all old currencies were discontinued and replaced by the new Euro notes and coins. Member countries discontinued their old notes and coins at a different times.

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