AED to GBP

AED - United Arab Emirates Dirham (د.إ.‏)
GBP - British Pound (£)
1 AED1 GBP

Currency conversion rates from AED to GBP

AEDGBP
1 AED1 GBP
5 AED5 GBP
10 AED10 GBP
20 AED20 GBP
50 AED50 GBP
100 AED100 GBP
250 AED250 GBP
500 AED500 GBP
1000 AED1000 GBP
2000 AED2000 GBP
5000 AED5000 GBP
10000 AED10000 GBP
GBPAED
1 GBP1 AED
5 GBP5 AED
10 GBP10 AED
20 GBP20 AED
50 GBP50 AED
100 GBP100 AED
250 GBP250 AED
500 GBP500 AED
1000 GBP1000 AED
2000 GBP2000 AED
5000 GBP5000 AED
10000 GBP10000 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)


GBP - British Pound (£)

The British pound is the currency of the United Kingdom. It is the fourth most traded currency, behind the US dollar, the Japanese yen, and the euro. It is also the third most held reserve currency in the world. The pound is the oldest currency still in existence today.

The official currency of the United Kingdom is the British Pound (GBP), which is used in Great Britain, British Overseas Territories, the South Sandwich Islands, and the British Antarctic Territory, as well as Tristan de Cunha. The Pound is divided into 100 pence. Another name used for the Pound is Sterling. The symbol for the Pound is £.

Pound Sterling is the currency in Channel Islands (Aldernay, Guernsey, Jersey, Sark), Isle of Man, and United Kingdom (England, Great Britain, Northern Ireland, Scotland, Wales, UK, GB, GBR). Pound Sterling is also known as the British Pound, the United Kingdom Pound, UKP, STG, the English Pound, British Pound Sterling, BPS, and Sterlings. Pound Sterling is divided into 100 pence. The exchange rate for Pound Sterling was last updated on Today from The International Monetary Fund. The GBP conversion factor has 6 significant digits.

Economy

  • The United Kingdom is rated as the sixth-largest economy in the world.
  • The main industries range from aerospace to financial services.
  • Export products are beverages, tobacco, fuels, manufactured goods, chemicals, and food.
  • Import products are foodstuffs, fuels, machinery, and manufactured goods.
  • Unemployment is estimated at 7.6%.

History

  • It is difficult to estimate when the Pound originated; but sources indicate that the Pound was already in circulation during the Anglo-Saxon period. During the medieval period the Tealby penny was circulated and was the standard unit used until the 20th century.
  • In 1552, silver coinage was introduced made of sterling silver.
  • In 1663, gold coinage was introduced. The silver coinage remained and was used for importing goods; gold was used for exporting goods. This made Britain a gold standard country.
  • The first paper money was issued in 1694, after the Bank of England was established.
  • In 1861, the gold standard was adopted again.
  • In 1914, after the outbreak of World War I, the gold standard was abandoned and treasury notes became legal tender.
  • In 1940, the Pound was pegged to the US Dollar and later became part of the Bretton Woods system.
  • In 1971, the Pound was changed to a free-floating currency.
  • In 1976, the country had a Sterling crisis.
  • In 1988, the UK Treasury instituted a policy whereby movements of the British Pound "shadowed" those of the German Mark.
  • In 1990, the UK became part of the European Exchange rate mechanism, but withdrew in 1992.
  • The UK had the option to adopt the Euro in 1999, but declined.

More information about GBP - British Pound (£)