AED to KRW

AED - United Arab Emirates Dirham (د.إ.‏)
KRW - South Korean Won ()
1 AED1 KRW

Currency conversion rates from AED to KRW

AEDKRW
1 AED1 KRW
5 AED5 KRW
10 AED10 KRW
20 AED20 KRW
50 AED50 KRW
100 AED100 KRW
250 AED250 KRW
500 AED500 KRW
1000 AED1000 KRW
2000 AED2000 KRW
5000 AED5000 KRW
10000 AED10000 KRW
KRWAED
1 KRW1 AED
5 KRW5 AED
10 KRW10 AED
20 KRW20 AED
50 KRW50 AED
100 KRW100 AED
250 KRW250 AED
500 KRW500 AED
1000 KRW1000 AED
2000 KRW2000 AED
5000 KRW5000 AED
10000 KRW10000 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)


KRW - South Korean Won ()

The South Korean won is the official currency of South Korea. Its currency code is KRW and its symbol is ₩. The won’s conversion factor goes to 6 significant digits. It is a fiat currency.

The Korean Won is the official currency of South Korea. South Korea is a sovereign state in east Asia, located on the southern portion of the Korean Peninsula. The capital and largest city is Seoul, which has a population of over 10 million people.

The Korean Won is the currency in South Korea (Republic of Korea, KR, KOR). The symbol for KRW can be written W. The Korean Won is divided into 100 chon. The exchange rate for the Korean Won was last updated on Today from The International Monetary Fund. The KRW conversion factor has 6 significant digits.

Economy

  • South Korea has a market economy that is ranked 14th in the world by nominal GDP and 12th by purchasing power parity (PPP), which makes it one of the G-20 major economies.
  • It is a developed, high-income country and is a member of the OECD. South Korea is one of the Asian tigers and is the only developed country to date have been included in the next group of eleven countries.
  • South Korea had one of the fastest-growing economies in the world from the late 1960s to 1990, and remains one of the fastest-growing developed countries in the 2000s, along with Hong Kong , Singapore, and Taiwan. The other members of the Asian tigers refer to this growth as the Miracle on the Han River.
  • The South Korean economy is highly dependent on international trade. In 2010, South Korea was the sixth largest exporter and the tenth largest importer.
  • On November 11 and 12, 2010 South Korea hosted the fifth G20 summit in Seoul. The two-day summit was expected to boost Korea's economy by ₩ 31 trillion, or 4% of the country’s 2010 GDP and create over 160,000 jobs, as well as improve the country's sovereign credit rating.

History

  • The Won has been in use for thousands of years. During the Colonial era, the Won was replaced at par by the Yen.
  • In 1945, after World War II, Korea was divided, which resulted in two different currencies for the South and North, both called Won. Both wons replaced the Yen at par.
  • The first South Korean Won was subdivided into 100 jeon. The Won was initially pegged to the US Dollar at a rate of 15 Won = 1 Dollar. A series of devaluations followed, the later ones due in part to the Korean War.
  • In 1946, the Bank of Joseon introduced 10-won and 100-won notes. These were followed in 1949 by 5-won and 1000-won notes.
  • In 1950, a new central bank, the Bank of Korea, was established and assumed the duties of the Bank of Joseon. Notes were introduced (some dated 1949) in denominations of 5, 10, and 50 jeon, as well as 100 and 1000 won. 500-won notes were introduced in 1952.
  • In 1953, a series of banknotes were issued. although it gave the names of English in Won, the first numbers were, in fact, Hwan.

More information about KRW - South Korean Won ()