AED to HKD

AED - United Arab Emirates Dirham (د.إ.‏)
HKD - Hong Kong Dollar (HK$)
1 AED1 HKD

Currency conversion rates from AED to HKD

AEDHKD
1 AED1 HKD
5 AED5 HKD
10 AED10 HKD
20 AED20 HKD
50 AED50 HKD
100 AED100 HKD
250 AED250 HKD
500 AED500 HKD
1000 AED1000 HKD
2000 AED2000 HKD
5000 AED5000 HKD
10000 AED10000 HKD
HKDAED
1 HKD1 AED
5 HKD5 AED
10 HKD10 AED
20 HKD20 AED
50 HKD50 AED
100 HKD100 AED
250 HKD250 AED
500 HKD500 AED
1000 HKD1000 AED
2000 HKD2000 AED
5000 HKD5000 AED
10000 HKD10000 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)


HKD - Hong Kong Dollar ($)

The Hong Kong dollar is the official currency of Hong Kong. It’s the 13th most commonly traded currency on Earth. The currency code for the dollar is HKD and the symbol is $, or HK$ – to differentiate it from the US dollar. The most popular Hong Kong dollar exchange is with the US dollar. HK$ has 4 significant digits and is considered a fiat currency.

The Hong Kong Dollar is one of the most traded currencies in the world. The currency symbol is $ or HK$ to distinguish it from the other Dollar currencies. A Dollar consists of 100 cents.

The Hong Kong Dollar is the currency in Hong Kong (HK, HKG). The symbol for HKD can be written HK$. The Hong Kong Dollar is divided into 100 cents. The exchange rate for the Hong Kong Dollar was last updated on May 24, 2019 from Yahoo Finance. The HKD conversion factor has 5 significant digits.

Economy

  • Hong Kong is considered one world's leading international financial centers.
  • Hong Kong has a major capitalist service economy characterized by low taxation and free trade.
  • Hong Kong is considered the world’s freest economy according to the Index of Economic Freedom.
  • Despite the 2009 downturn in economic growth, the country has recovered well.
  • Hong Kong’s economic strengths, including a sound banking system, virtually no public debt, a strong legal system, ample foreign exchange reserves, rigorous anti-corruption measures, and close ties with mainland China are the main reasons for recovery.

History

  • In 1841, trading in Hong Kong did not use any local currencies. Foreign currencies such as Indian Rupees, Spanish and Mexican Reales, and Chinese coins were circulated.
  • In 1863, the Royal Mint in London began issuing special subsidiary coinage for use in Hong Kong within the Dollar system.
  • During the Japanese occupation, Japanese military Yen were the only means of everyday exchange in Hong Kong.
  • In 1972, the Hong Kong Dollar was pegged to the US Dollar at a rate of 5.65 HK$ = 1 USD.
  • As of May 18, 2005, in addition to the lower guaranteed limit, a new upper guaranteed limit was set for the Hong Kong Dollar at 7.75 to the American Dollar.
  • Available coins are 10, 20, and 50 cent coins; 1, 2, 5, and 10 dollar coins, and banknotes of 10, 20, 50, 100, 500, and 1,000 dollars.

More information about HKD - Hong Kong Dollar ($)